The Central Bank of Nigeria (CBN) has said it did not license operations of both Azimo and Transfer Wise schemes as International Money Transfer Operators (IMTOs) in the country.
The apex bank revealed this through a verified tweet on its handle and a statement signed by its Acting Director of Corporate Communications, Osita Nwanisobi on Tuesday.
The bank also warned citizens and potential investors to beware of the schemes, noting that anyone that patronizes the schemes does so at his or her own peril.
‘’The attention of the Central Bank of Nigeria (CBN) has been drawn to the activities of Messrs. Azimo and Messrs. TransferWise, both of which are purportedly transacting business, albeit unauthorised, as International Money Transfer Operators (IMTOs).
’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,’’the statement said.
