The Chairman Association of Mobile Money and Bank Agents of Nigeria Mr. Sunday has warned Operator to refreign from Buying or selling money.
He said this was against the Nigerian Constitution and against the ethics of the Association.
This trend of buying and selling the Nigerian currency arose from the lack of new notes in the face of the recent currency change in Nigeria and the short timeline given
In a bid to satisfy customers needs and demands, alot of operators both registered and unregistered desperate to meet the demand of Nigerians in need of money, go the extra mile to ensure they have cash and adequate fund
This leads them to get money by all means in some instances, these mobile money Operators approach traders, commercial bus drivers and even some banks staff.
One of our Reporters witnessed where a customer paid as much as six thousand extra for the sum of thirty thousand naira hence paying thirty-six thousand to the Lady Operator at Ojuelegba underbrigde.This and many other unprofessional acts have therefore been condemned by Ammban, pointing out that this is an illegal act which operators should cease from partaking in.
The Lagos State Chairperson has thereby reiterated that buying and selling money is wrong as stated in the Nigerian Constitution.