CBN Disowns Two Money Transfer Operators




CBN Headquarters

By Tony Obiechina,

The Central Bank of Nigeria () said two firms, Messrs Azimo and Messrs Transfer Wise have not been registered to operate as International Money Transfer Operators (IMTOs).

The Apex Bank, in a statement by Acting Director of Corporate Communications, Mr Osita Nwanisobi in on Wednesday warned members of the public not to transact business with the companies.

The statement reads: “The attention of the Central Bank of Nigeria () has been drawn to the activities of Messrs Azimo and Messrs Transfer Wise, both of which are purportedly
transacting business, albeit unauthorised, as International Money Transfer Operators
(IMTOs).

“The Bank wishes to notify the general public that neither Messrs Azimo nor Messrs Transfer Wise is licensed by the Central Bank of Nigeria to operate as an International Money Transfer Operator (IMTO).

“The Public is therefore advised to beware of the activities of Messrs Azimo and Messrs Transfer Wise and desist from patronizing the companies forthwith.

Anyone who patronizes the unregistered companies, does so at his or her own risk”.

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