The Central Bank of Nigeria (CBN) has warned the general public to beware of two firms: CBN: Azimo, Transfer Wise which are operating as International Money Transfer Operators (IMTOs).
In a statement released Wednesday, the apex bank said the two firms are not licensed to carry out the business.
” it 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)”.
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“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”.
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