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.
Amuda Bembe Senior Special Assistant On Student Affairs Kubra Kazum Imam Gambari CUTI Saudat Abdulbaqi Frootify Bureau Of Lands Kale Ayo AIT Ilorin Ethical College Aso Ofi Nigeria Association Of Women Journalists Kawu Baraje Okin Malt Gbajabiamila Onilupeju Of Ilupeju Gurei Oja-Oba AbdulRazaq AbduMajeed Alaro Charles Ibitoye Salihu Ajibola Ajia Bayo Ajia Moshood Bakare Demola Banu AbdulGafar Tosho Yoonus Lawal Ayobola Ipinlaiye Kwara Coalition Of Business And Professional Associations Ayinde Oki Illyasu Abdullahi Ibrahim Abdulkadir Abikan Mopelola Abdulmaliq-Bashir Harrison Osauwagboe Ijagbo Plat Technologies Limited Shuaibu Yaman Abdullahi MAI Akande New Naira Notes College Of Health Manzuma Ahmed Alhasssan Yahaya Seriki Kwasu Societe Generale Bank Of Nigeria Abdullahi Samari Pakata Patriots Ilorin South Oke-Kura March 18 NITDA Bolaji Aladie Bilikisu Gambari Sarafadeen Kayode Akorede Haliru Yahaya Oba David Oyerinola Adedunmoye Oyeyemi Olasumbo Florence Shehu Adaramaja Folashade Omoniyi Dan-Kazeem Shettima Of Ilorin Coalition Of Kwara North Groups Oyedun Juliana Funke Taofeek Ibraheem Abdulwahab Olarewaju Issa Oke-Odo Abdulrazaq Akorede Salihu Alhaji Musa Olaoye B. Felix Cornelius Adebayo Seni Saraki Kwara Poly Tunde Kazeem Solomon Edojah Saliu Oluwole Boko Haram Gbemi Saraki

