Azimo, Transfer Wise not registered IMTOs, Says CBN

BEbun Francis| The Central Bank of Nigeria (CBN) has warned members of the public to beware of the activities of Messrs. Azimo and Messrs. Transfer Wise, both of which are purportedly
transacting business, albeit unauthorised, as International Money Transfer Operators (IMTOs).

According to a statement by Osita Nwanisobi, the apex bank’s Ag. Director, Corporate Communications neither Messrs. Azimo nor Messrs. Transfer Wise is licensed by the Central Bank of Nigeria to operate as an International Money Transfer Operator (IMTO).

The bank has, therefore, advised the Nigerian Public 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, the apex bank said.

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