Despite recent criticisms of plans to increase in the service charges, the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has said that current economic conditions have not prompted point-of-sale operators to reconsider their plans to implement the new framework starting next Monday.
This was as it indicated plans to extend the implementation of the new price range to the Federal Capital Territory and other states.
The Public Relations Officer of AMMBAN, Lagos Chapter, Mr. Stephen Adeoye had earlier said that the association had formulated a new price list for Point of Sale (PoS) agents operating in the state.
Justifying the price increase, Adeoye said that 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 Consumer Protection Commission and the Central Bank’s promise to intervene.
In an interview, the National Publicity Secretary of the association, Mr. 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.
