Despite recent criticisms of plans to increase their service charges, the Association of Mobile Money and Bank Agents of Nigeria has said current economic situation has not prompted point-of-sale operators to reconsider their plans to implement the new framework starting next Monday.
They thus indicated plans to extend the implementation of the new price range to the Federal Capital Territory and other states.
In June 30, the PRO, AMMBAN, Lagos Chapter, Stephen Adeoye, in an interview, said the association had come up with a new price list for PoS agents operating in the state.
Justifying the increase in prices, he said PoS agents were adjusting their prices to reflect the country’s current economic realities.
The raised elicited criticism from Nigerians, including threats of sanctions by the Federal Competition and er Consumer Protection Commission and the Central Bank’s promise to intervene.
The National publicity secretary of the association, Elegbede Segun, said the threats of sanctions were only on the pages of newspapers, adding that the association was well prepared to commence implementation.
“The reactions you have seen are just on the pages of newspapers, as far as the central bank and FCCPC is concerned,” Elegbede said on Friday.