Kwara POS operators hike charges on cash withdrawals
Point of Sale machine operators in Ilorin, Kwara State have increased the charges on cash withdrawals by customers.
A cash withdrawal of N10,000, now attracts N1,000 commission, while N5,000 also attracts the same charge of N1,000, however, some operators charge N500.
Customers of banks in Ilorin formed long queues both at the ATM points and the banking halls to swap their old naira currency notes for the redesigned currencies.
Complaints have also trailed the exchange exercise as customers have continuously found it difficult to cash their money over the counter and from ATMs, most of which still dispense the old naira notes.
The inability of bank customers and residents of the state capital to get the new naira notes has affected business transactions as traders insist on collecting the new currencies instead of cash transfers in some cases.
Visits to major banks in the Ilorin metropolis on Friday indicated that customers were going through the same experience with anger.
Sheriff Adeniyi, a bank customer in a chat with DAILY POST, in Ilorin said humans are selfish beings referring to operators of POS for imposing high charges on customers.
“If you want to buy things now, it is difficult with old naira notes, I can understand that the government is inching toward a cashless economy, which is good but painful and we have to start from somewhere.”
Another customer, Saliu Kazeem, lauded the cashless policy of the Federal Government which he explained will help Nigerians in the end.
He, however, faulted the deadline given by the government and suggested that it adopts a gradual phase-out of the old currencies.
Saliu also sympathized with people in the local government areas of the state, particularly where there are no banking services, asking how they will go about the exchange.
Efforts to reach bank officials failed at the time of filing this report.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Timothy Olatunde Fadipe Pacify Labs Ekweremadu Apaokagi Muhammed Taofeeq Abdulrazaq Haliru Yahaya Rafiu Ibrahim Isiaka Yusuf Rasheed Jimoh Al-Ilory Ajibola Ademola Julius Olaiya Lawal Ibikunle Ogunleye Okoolowo Magaji Are Kwara Metro Park Tunde Yusuf Okedare Kwara NIPR Saba Mamman Daniel AbdulHakeem Ajibola Akanbi Kwara State Sports Commission Ibrahim Labaika Ilorin Like-Minds Law School Scholarship Nigerian Supreme Council For Islamic Affairs Bluenile Associates Abraham Ojo UITH Taofeek Sanusi Hauwa Nuru Balogin Alanamu Akanbi-Oke Apado Yahya Mohammed Olayinka Are Dauda Adesola Yahaya Oloriegbe Taofik Mustapha Just Law Forum Offa Poly Federal Neuro-Psychiatric Hospital Salami Adekunle Ijakadi Pakata Development Association Suleiman Mora Omar Tsaragi-Share David Oyerinola Adedunmoye Shuaibu Yaman Rashidi Yekini Curfew Abdulfatah Ahmed KWASSIP Funmilayo Mohammed GANZY Alanamu Al-Adaby Markaz Arabic And Islamic Training Institute, Agege Sulaiman Gado Babatunde Ishola Babaita Royal FM ASMAU PLAZA Tuesday Assayomo M.Y. Abdulrahaman Christian Association Of Nigeria State Bureau Of Internal Revenue Abioye Bello Oluronke Adeyemi Ahmed Bayero Alfa Belgore Yusuf Arowosaye Majlis For Sadakah, Zakat And Waqf Simeon Sule Ajibola Offa Descendants Union Bola Iyabo Ibiyeye Adisa Baaziki Sulaiman Abdullahi Imam Abdullahi

