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.
Gbemisola Saraki Tsaragi Bello Oyebanji Vasolar Consortium Jumoke F. Ajao Raimi Iyanda Kpotum Mohammed Baba Oke-Oyi Student Learning Support Helpline Neo Mundo Ltd Bello John Olanrewaju Gbemisola Oguntimehin KWSUED Oke-Ogun Suleman Abubakar SDP Oke-Ode Ilorin South KWASIEC CACOVID Palliatives Geri-Alimi Split Diamond Interchange Mahfouz Adedimeji Abubakar Kawu Baraje Emir Of Yashikira Abdulganiyu Oladosu Kayode Ishola Ibikunle Ogunleye Quarry Royal Valley Abubakar Usman Jos Oloriegbe Imam Gambari Opolo Global Innovation Limited Aisha Ahman-Pategi Rice Farmers Association Of Nigeria Ibrahim Abdulqadir Abikan Sobi FM Abegunde Goke Medview Airlines Women Radio Bond Volunteers Of Ilorin Community And The Emirate Saliu Alamoyo Sodiya Yahaya Jibril Usman Kolo Cassava Growers\' Association Aiyedun Offa Metropolitan Club Jimoh Akani Rashidi Yekini Wasiu Odewale Yusuf Abubakar Isiaq Khadeejah Alfa Belgore Oye Tinuoye James Kolo Rihanat Ajia Oko-Olowo Ahmad Olanrewaju Belgore Funmilayo Isiaka Oniwa Transition Implementation Committee Ayedun Kuliyan Geri Kayode Issa Ilorin Descendants Progressive Union Mufutau Gbadamosi Esuwoye Nurudeen Mohammed Ajike People Support Centre Ola Falade Iyeru Grammar School Dankaka Oba Of Jebba Omar Bolaji Gambari Lateef Ademola Olatunji Lateef Fagbemi Ilorin Anchor Men And Women Iponrin

