Fuel Stations Not Accepting Transfer, POS Transactions Risk Sanction

Fuel stations across the country that refused to accept Point of Sale (POS) or bank transfer transactions amid cash scarcity would be sanctioned, according to Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

Kimchi Apollo, the agency’s General Manager, Corporate Communications and Stakeholders Management disclosed this yesterday in Abuja.

“It has come to the attention of the NMDPRA that some retail outlets are not accepting the use of POS machines at their fuelling stations due to the recent cash crunch brought about by the new Naira design,” he said. “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.”

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In addition, Apollo ordered fuel stations and other retail outlets not to add extra charges to the cashless transaction. According to him, authority and security agencies would be at retail outlets to enforce compliance with the directive, warning that defaulters would be sanctioned.

He reiterated the commitment of the agency towards ensuring quality services in the sale and distribution of petroleum products in the country.

NAN

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