The Central Bank of Nigeria (CBN) has alerted the public on the activities of two unauthorised International Money Transfer Operators (IMTOs), Transferwise and Messrs Azimo.
A statement by Mr Osita Nwanisobi, CBN‘s Acting Director, Corporate Communications urged the public not to do business with both companies.
“The attention of the CBN has been drawn to the activities of Messrs Azimo and Transfer Wise, both of which are purportedly transacting business, albeit unauthorised, as IMTOs.
“We wish to notify the general public that neither Messrs Azimo nor Transfer Wise is licensed by the CBN to operate as an IMTO.
“Therefore, the public is advised to desist from patronising the companies forthwith.
“Anyone who patronises the unregistered companies, does so at his or her own risk,” he warned.