By David Kabiyesi
Irked by decision to hike transaction fees by POS agents, Zenith Bank has warned its registered agents against taking such steps.
In a statement released by the bank on Wednesday evening, Zenith Bank stated in clear terms that it has exempted it’s registered agent from implementing the new transaction
Recall last Friday that the Lagos chapter of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) announced a new price list for PoS transactions in the state.
For withdrawal, Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) said, agents in the state were mandated to charge N100 for amounts between N1000 to N2,400; N200 for N3,500 to N4,000; and N300 for N4,100 to N6,400.
But Zenith Bank fumed against the new charges, adding that the adjustment was not in compliance with the Central Bank of Nigeria’s (CBN) regulation.
“Kindly be informed that the changes in transaction charges/fees as highlighted in the said publication is not in line with CBN regulation and as such cannot be implemented by registered agents,” the circular reads.
“Agents are advised to maintain status-quo on pricing based on agreement with the bank.”
The bank said any adjustment in prices will be communicated appropriately through “our official channels after due consultation with the regulatory authority
