Kwara POS operators hike charges on cash withdrawals

Date: 2023-02-03

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.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Ijagbo     Adolescent Girls Initiative For Learning And Empowerment     Kunle Suleiman     Ibrahim Bio     Tunde Kazeem     Ayodele Olaosebikan     Salihu Jibril Garbi     Yusuf Abubakar     Special Agro-Industrial Hub     Al-Ilory     Binta Abubakar Mora     Kwha.gov.ng     Jebba     Ahmed Bayero     Sunday Otokiti     Ojuekun     Col. Taiwo     Aisha Buhari     Prince Sunday Fagbemi     Ilorin South Constituency     Mohammed Haruna     Atiku     Kisira     Modibbo Kawu     Ubandawaki     Gbemisola Oguntimehin     Akeem Lawal     Rachael Obisesan     Ogbondoroko     Alfa Belgore     Bolaji Nagode     Aminat Ahmed     Oloruntoyosi Thomas     Ganmo Power Sub-Station     AbdulHakeem Ajibola Akanbi     Saka Saadu     Sulu Gambari     Susan Modupe Oluwole     Oko-Erin     Folorunsho Erubu     Noah Yusuf     Toyin Saraki     Abdulrazaq Aiyelabegan     Yahaya A Paniyaro     Oloyede     KWTV     Read With Me     Al-Hikmah University     Aiyedun     Yahaya Dumoye     TETFUND     Oko-Olowo     Amada Jidda     Iyiola Oyedepo     Sa\'adu Salau     Abdulquawiy Olododo     Osi     Ali Ahmad     Baboko     Agor Market     Shettima     Zainab Abass     Emir Of Shonga     Tinubu Legacy Forum     Kayode Bankole     Budo-Egba     United Nigeria Congress Party     Jumoke Gafar     Towoju     Trade Lenda SME Fair     Charcoal     Omoniyi Ayinla     John Kehinde Salako     Gbugbu     Suleiman Idris     IsDB     Rashidi Yekini    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Abubakar Abdulraheem     International Vocational Centre     Tinubu     Olabode George Towoju     Senate Presidency     Moses Adekanye     Bahago     Hassan A. Saliu     Alanamu     Oke-opin     Abubakar B.M     Tsaragi/Share     Saliu Shola Taofeek     Amule Elementary School     Ibrahim Abduquadri Abikan     Adedayo Yusuf Abdulkareem     Muhammadu Buhari     IHS Towers     Idris Amosa Oladipo Saidu     Academic Staff Union Of Universities     NURTW     Gbajabiamila     Ayobami Seriki     Gaa Olobi     Markaz Arabic And Islamic Training Institute, Agege     Edret Sabi Abel     Vasolar     S.O. Opowoye     Temi Kolawole     Matthew Okedare     Abdulwahab Oba     Dan Iya Of Ilorin     Abdulmajeed Wahab     Frootify     Halimat Yusuf     General Hospital     Offorjama     Amina Susa\'a De Ahmed     Sa\'adu Salahu     Omoniyi Ayinla     Hamid Bobboyi     Gbugbu     Folajimi Aleshinloye     Government High School Adeta     Shaaba Lafiagi     Ilorin Emirate Stakeholders Forum     Prince Bola Ajibola     Akanji     Ifelodun     Funmilayo Zubair     Oloruntoyosi Thomas     Wahab Agbaje     Yusuf Abubakar     ASMAU PLAZA     Sulyman Atolagbe Alege     Alfa Belgore     Quarry Royal Valley     Aiyedun     Garba Dogo     Oba-Solagberu     IHS     Olukotun Of Ikotun     Cornelius Adebayo     Esinrogunjo     Susan Modupe Oluwole     Dar-Al-Handasah Consultants     Gbemisola Oguntimehin     Ike Ekweremadu     Muhammad Fawaz Abubakar     Moses Afolayan     Abubakar Baba Sulaiman     Simeon Sayomi     Kannike     Olatunde Olukoya     Elekoyangan     Federal Allocation     IsDB