Early Yesterday, the Officer, FCCPC, Babatunde Irukera said his commission is planning to issue an order Putting the Association of Mobile Money and Bank Agents in Nigeria from increasing their service fee.
One POs agent, a member of AMMBAN, has said the increase can not be stopped, irrespective of the kickbacks from stakeholders .
The National Public Relations Officer if the Association Oluwasegun Elegbede had said the association has no intention to use the old prices , while some PoS agents under the association recently have increased the cost of PoS transaction costs and began the implementation of the new prices on Monday.
Following the move, the Federal Competition and Consumer Protection Commission moved to stop the PoS transaction charges.
Elegbede said, “What has the commission done to other price increases across other sectors? We are waiting for the enforcement or the sanction.
According to the PRO of the association, he explains that fuel is the centre of the business and the recent increase in fuel pump Price is affecting a lot than one to stick to the old prices
He said, “Our members have started adjusting their prices. Also, they got the rude shock that pump prices have jumped up. I know a few agents are concerned about what the FCCPC is saying, but before the end of the week, and judging by the increment in prices, many will join.”
