Tuesday, June 6, 2023

Naira swap: Nigerian govt to sanction filling stations not accepting PoS payments

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Ibrahim Ramalan
Ibrahim Ramalan
Ibrahim Ramalan is a graduate of Mass Communications from the Ahmadu Bello University (ABU) Zaria. With nearly a decade-long, active journalism practice, Mr Ramalan has been able to rise from a cub reporter to the exalted position of an editor; first as Arts Editor with the Blueprint Newspapers before resigning in 2019; second and presently as an Associate Editor of the Daily Nigerian online newspaper. He can be reached via ibroramalan@gmail.com, or www.facebook.com/ibrahim.ramalana, or @McRamalan on Twitter.
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, says it will sanction fuel stations that reject the use of Point of Sale, POS, machines, or bank transfers at their outlets.

This is contained in a statement by Kimchi Apollo, General Manager, Corporate Communications and Stakeholders Management, NMDPRA, on Thursday in Abuja.

The statement frowned at the act by the retail outlets due to the recent cash crunch brought about by the new Naira design.

“It has come to the attention of the NMDPRA that some retail outlets are not accepting the use of POS machines at their fuelling stations due to the recent cash crunch brought about by the new Naira design.

“The authority frowns at this recent behaviour which is causing untold hardship for Nigerians at a time when all hands should be on deck to assist the government in the transition to the new Naira,” he said.

Mr Apollo, therefore, directed all retail outlets to ensure the free use of POS and bank transfer for the sale of petroleum products to alleviate the suffering of customers.

He said the authority and security agencies would be at retail outlets to enforce compliance with the directive, warning that defaulters would be sanctioned.

He reiterated the commitment of the Authority towards ensuring quality services in the sale and distribution of petroleum products in the country.


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