The Central Bank of Nigeria (CBN) has given red alert on International Money Transfer Operators (IMTOs), known as Messrs. Azimo and Messrs. Transfer Wise.
A statement today, December 16, by the apex bank acting Director of Corporate Communications, Osita Nwanisobi said that both have been transacting business without authorization by the bank
“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.”