Home Finance CBN disowns Azimo, Transfer wise

CBN disowns Azimo, Transfer wise

by Business News Report

The Central Bank of Nigeria (CBN) has distance itself from Azimo and Transfer wise warning that they are not registered or approved by it to do so. It warned the general public to beware of two firms which are operating as International Money Transfer Operators (IMTOs). In a statement the apex bank said the two firms are not licensed to carry out the business.

”In its statement the CBN said ” Our attention has been drawn to the activities of Messrs. Azimo and Messrs. Transfer Wise, both of which are purportedly transacting business, albeit un-authorised, as International Money Transfer Operators (IMTOs)”.

“The CBN 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 patronising the companies forthwith. Anyone who patronises the unregistered companies, does so at his or her own risk”.

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