Federal Government Issues Ban On POS Transactions.

The Federal Government has bar the Point of Sale agents through the Federal Competition and Consumer Protection Commission for increase in transaction charges in the country.

The Executive Vice Chairman/Chief Executive Officer, Babatunde Irukera, revealed that the federal government would issued its statement soon.

He revealed that “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.”

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