Cash Crunch: Stop Rejecting POS Payment,FG Warns Fuel Stations

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Thursday warned against rejection of Point of Sale (POS) machines at their filling stations.

The warning follows reports that some retail outlets rejecting the use of POS machines at their filling stations due to the recent cash crunch brought about by the new Naira redesign.

The agency in a statement,disclosed that the Authority and security agencies will be at retail outlets to ensure compliance with this directive and any filling station found violating this directive will be duly sanctioned.

Kimchi Apollo,the General Manager, Corporate Communications and Stakeholders Management,quoted the Authority to have directed all retail outlets to ensure the free use of POS and bank transfer for the sale of petroleum products to alleviate the suffering of customers at this critical time.

The statement added:”It has come to the attention of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) that some retail outlets are not accepting the use of Point of Sale (POS) machines at their filling stations due to the recent cash crunch brought about by the new Naira design.

“The Authority frowns at this recent behaviour which is causing untold hardship for Nigerians at a time when all hands should be on deck to assist the Government in the transition to the new Naira.

“All retail outlets are directed to ensure the free use of POS and bank transfer for the sale of petroleum products to alleviate the suffering of customers at this critical time.

“The Authority and security agencies will be at retail outlets to ensure compliance with this directive and any filling station found violating this directive will be duly sanctioned.

“We reassure the general public of our commitment to ensuring good quality service in the sale and distribution of petroleum products nationwide” reads the statement in parts.

158320cookie-checkCash Crunch: Stop Rejecting POS Payment,FG Warns Fuel Stations

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