The Federal Government through the Federal Competition and Consumer Protection Commission is set to issue an order against moves by Point of Sale agents to hike transaction charges across the country.
The Executive Vice Chairman/Chief Executive Officer, Babatunde Irukera, confirmed this exclusively to The PUNCH on Wednesday.
According to him, the order would be issued in a couple of hours.
He noted that following its first advisory to the Association of Mobile Money and Bank Agents in Nigeria, which was ignored, it is now ready for more definite enforcement.
He told The PUNCH, “What we did initially was to issue an advisory, which is part of the process — engagement. After which we would employ other tools of engagement. Other tools of enforcement involve issuing an order. If you hold on a little, you will see it. What we did initially was not an order, but very soon an order is coming.
“It will get to you in a matter of hours. An order is forthcoming and will be directed specifically at the association and the agents. Now, when there is a subsisting order, the violation of the order is what would precipitate enforcement.”
(PUNCH)
