Bisola Adeyemo
Central Bank of Nigeria has warned Nigerians against doing business with Azimo and Transfer Wise saying they are not authorised International Money Transfer Operators (IMTOs).
The apex bank gave the warning in a statement signed by its Acting Director, Corporate Communications, Mr. Osita Nwanisobi.
The statement read, “The attention of the CBN has been drawn to the activities of Messrs. Azimo and Messrs. Transfer Wise, both of which are purportedly transacting business, albeit unauthorised, as IMTOs.
“The bank wishes to notify the general public that neither Messrs. Azimo nor Messrs. Transfer Wise is licensed by the CBN to operate as an 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 patronises the unregistered companies does so at his or her own risk.”