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.

Orisa Bridge     Abdullahi AbdulMajeed     Just Law Forum     Jumoke F. Ajao     Joseph Yemi Ajayi     Sheriff Shagaya     Lola Ashiru     Abdulmalik Bashir Mopelola Risikatullahi     Bamidele Aluko     Suleiman Abubakar     Baruba     Isin     Hydro-electric Power Producing Areas Development Commission     Abdulkarim Adisa     IQRA College     Sabi     Ajasse-Ipo     Lai Gobir     ARMTI     Shonga     Monkey Pox     Florence Saraki     Bayer Nigeria Limited     Taofeeq Olateju     Najim Yaasin     Olabanji Orilonishe     Abdulrazaq Magaji     Kwara South     Oloriegbe     Rachael Obisesan     Ilesha-Gwanara     ER-KANG Mining     Iyabo Adisa Ibiyeye     Bursary     Okedare     Idiagbon     Risikat Lawal     Femtech     Bolakale Saka     Madawaki     Ayodele Shittu     Aisha Ahman-Pategi     Lukman Adeloyin     Eleja     Jelili Yusuf     Awili Pedro     Oke-Ode     Arinola Fatimoh Lawal     Playing Host     Tinubu     Amos Sayo     Hijaab     Ajibola Saliu Ajia     Ahmed Bolaji Nagode     AbdulHamid Adi     Sabitiyu Grillo     Moro     NTA Ilorin     Omupo     Saheed Akinwumi     Kunle Akogun     Umar Adelodun     Kolawole Akande     David Oyedepo     Salake     Yusuf Lanre Badmas     Khairat Gwadabe     Share/Tsaragi     Alloy Chukwuemeka     IEDPU     Kwara State Sports Commission     Mahmud Durosinlohun Atiku     Doyin Awoyale     Simeon Ajibola     Firdaos Amasa     Samari     Ajibola Ademola Julius    

Cloud Tag: What's trending

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

Olumide Daniel Ibitoye     Gbugbu International Market     Volunteers Of Ilorin Community And The Emirate     Yekeen Alabi     Kola Olota     Kwara Volleyball Association     Mohammed Yisa     Ekweremadu     Kawu     Abdullateef Abdussalam     Yakubu Danladi     UNIFEMGA     Kawu Baraje     Bolakale Saka     AGILE Programme     PAACO-PCL Consortium     Danhawa     Esinniobiwa Quareeb     Wale Oladepo     Aso Ofi     COVID-19 Palliatives     Al-Hikmah University     Ahmed \'Lateef     Tsado Manman     Halimat Yusuf     Ahman Pategi University     Isapa     Aminu Ado Bayero     Fatimoh Lawal     Saka Isau     Kwara Metro Park     Sa\'adu Salahu     Mufti Of Ilorin     Egbewole     Adeleke Ogungbe     Adijat Adebiyi     Arca Santa     Afolabi-Oshatimehin     Adamu B. Yaqubu     Federal Polytechnic Offa     Ramadhan     Simeon Sule Ajibola     Isau     Aliyu Olatunji Ajanaku     Yoonus Kola Olatinwo     Local Government     Mopelola Abdulmaliq-Bashir     Hauwa Nuru     Waheed Ibrahim     Bisi Kristien     Lawal Olohungbebe     Aasiyat Bello Oyedepo     Lanre Issa Onilu     Shaykh Luqman Jimoh     Kola Adesina     Funmilayo Zubair     Aremu Odolaye     Smart School     Kanu Agabi     Obuh     Al-Hikmah Radio     Orisun Igbomina     Hikmah AbdulKareem     Muyideen Ajani Bello     Adolescent Girls Initiative For Learning And Empowerment     Saadatu Modibbo-Kawu     Sabo-Oke     John Kehinde Salako     Wahab Kunle Shittu     IF-K     Christopher Ayeni     Ajeigbe     Dan-Kazeem     Katibi Ibraheem Adeola     Bolaji Abdullahi     Ibrahim Abdulqadir Abikan     Abdulrasaq Alaro