Super Agents Get N20m Fine For Ownership Changes Without Approval – Central Bank

Leadership | 08-10-2025 03:45pm |

The Central Bank of Nigeria (CBN) has imposed a N20 million fine on any super agent, financial institution, or entity that alters its ownership structure without securing prior approval from the apex bank. This sanction, contained in the Guidelines for the Operations of Agent Banking in Nigeria issued in October 2025, is part of measures

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