The Central Bank of Nigeria (CBN) has said the\u00a0Nigeria Customs Service (NCS) is holding up deployment of Point of Sale (PoS) terminals for next year\u2019s implementation of the cash-lite initiative. \u00a0<\/span><\/p>\n Speaking on the sidelines of a seminar organised by the Committee of e-Banking Industry Heads (CeBIH) yesterday in Lagos, CBN Deputy Governor, Operations, Tunde Lemo, said the Customs is constituting a roadblock to the apex bank\u2019s target of deploying 40,000 PoS terminals by year end.\u00a0<\/span><\/p>\n \u00a0The CBN had earlier set a target of 40,000 PoS terminals by end-December 2011 for the \u2018Cash- Lagos\u2019 project set to commence by January 1, 2012, to cater for settlement of transactions, alongside other electronic payment options\u00a0<\/span><\/p>\n \u00a0Lemo said the Nigeria Customs classifies PoS terminals as \u2018cash registers\u2019 and so is demanding a 20 per cent administrative charges on each terminal being imported by the commercial banks, and coordinated by the CBN, instead of the usual five per cent.\u00a0<\/span><\/p>\n \u00a0 He said this has significantly affected deployment of the terminals, ahead of initial implementation of the initiative in Lagos.\u00a0<\/span><\/p>\n