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Bangladesh Bank-appointed administrator takes charge at Nagad

Special Correspondent Finance 2024-08-22, 7:25pm

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The administrator takes charge amid allegations that the MFS is not adhering regulatory procedures



Dhaka, Aug 22 - Bangladesh Bank-appointed administrator Muhammad Badiuzzaman Didar took charge of the mobile financial service (MFS), Nagad, on Thursday.

The central bank appointed the administrator to oversee Nagad amid allegations of the MFS not adhering to various regulatory procedures.

Abu Taleb, director of the Directorate of Posts, was present when the administrator took charge on Thursday. At the time, Bangladesh Bank’s Additional Director Md. Habibur Rahman, Joint Directors Anwar Ullah, Palash Mandal, Abu Sadat Mohammad Yasin, Deputy Director Chayan Biswas, and Ayub Khan assumed responsibility as assistant officers.-UNB