The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has concluded plans to sanction any fuel station that fails to comply with the CBN’s cashless policy.
NMDPRA said that all fuel stations were expected to make available for their customers Point of Sale (POS) machines and accept bank transfers in order to make payment easy for motorists.
This was contained in a statement released on Thursday by General Manager, Corporate Communications and Stakeholders Management, NMDPRA, Kimchi Apollo, 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 introduced by the CBN.
“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”.
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