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.

Lai Gobir     Arik     ASKOMP     Jawondo     Pilgrims Board     Sun Qing Rong     Galadiman Ngeri     Okasanmi Ajayi     Madawaki     Wasiu Onidugbe     Kwara State Polytechnic     Basic Education Certificate Examination     Hassan Taiye Salam     SWAN     Kwabes     Oko Erin     African Democratic Congress     Funmilayo Braithwaite     Esinrogunjo     Sadiq Umar     Tunde Kazeem     Amoyo     PharmAccess Foundation     Offa Grammer School     Dele Momodu     Erin-ile     KWATMA     Unilorin FM     Alanamu     Kabir Shagaya     Abdulrazak Shehu Akorede     Moshood Mustapha     Federal Allocation     Saka Isau     Dar-Al-Handasah Consultants Ltd     Odolaye Aremu     Alabi Lawal     Awodun     Roheemat Hammed     Mary Kemi Adeosun     Moses Adekanye     Baaziki Sulaiman     Odogun Olushola Gabriel     Just Law Forum     Shuaib Olarongbe     Fatai Adeniyi Garba     Ilorin Likeminds Foundation     Bashir Badawi     Salihu S. Yaru     Lateef Ademola Olatunji     Nurudeen Muhammed     JSSCE     Zulu Gambari     School Of Nursing     Suraj Tunji Oyewale     Wale Oladepo     Hauwa Nuru     TIC     Imam Gambari     Oro Grammar School     Kwara State Pension Board     Emmanuel Bello     Henry Makinwa     Oyun     Bola Olukoju     Omu Aran     Press Release     Ramadan     Okanlawon Musa     All Confederation Of Principals Of Secondary Schools     Adamu B. Yaqubu     Joshua Adeyemi Adimula     Bureau Of Lands     Fulani     Facemasks     Kwara     Amule Elementary School    

Cloud Tag: What's trending

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

Magaji Erubu     Sodiya     Sam Onile     Mustapha Olanipekun     Kwara Muslim Pilgrims Welfare Board     Salmon Babatunde Salmon     Sobi Specialist Hospital     Elekoyangan     Durosinlohun Atiku     T And K FOODS     Makama Of Ilorin     Esinrogunjo     Government Girls’ Day Secondary School Pakata     Chief Imam Of Omu-Aran     Olayinka Jelili Yusuf     Kumbi Titilope     Abdulrahman Iliasu     Isiaq Khadeejah     KWTV     TESCOM 2025     Musa Yeketi     Nigerian Medical Association     Tunji Olawuyi     Ahman Pategi University     Otuka     Kwara State Pension Board     Oyeyemi Olasumbo Florence     Ilesha-Gwanara     Erubu     Tunji Ajanaku     Shehu Salau     AbdulKareem Yusuf Danhawa     Mubarak Oladosu     Gbenga Olawepo     Wahab Agbaje     Funmilayo Zubair     Illyasu Abdullahi     Sheikh Ariyibi     State Bureau Of Internal Revenue     Colleges Of Education Academic Staff Union     Florence Saraki     Mahe Abdulkadir     SWAN     Saraki     Falokun-Oja     Oye Tinuoye     Ilorin Likeminds Foundation     Aliyu Umar     Eleyele     Kisira     David Oyepinola Adedumoye     Gobir Organization Foundation     Yusuf Babatunde Abdulwahab     Saka Adeyemo     Oloruntoyosi Thomas     Kwara NIPR     Alfa Belgore     Hamza Usman     Abdulrazaq Adebayo     Omar Gambari     General Hospital     Orisun Igbomina     Kwara State Fire Service     Sambo Murtala     Tinubu     Mansur Alfanla     LAK Jimoh     IHS Towers     Mary Kemi Adeosun     Y.A. Abdulkareem     Salau Kabiru Abdullahi     Earlyon Technologies     Javed Khan     Countryside Emerging Leaders Fellowship     Read With Me     Olatunde Jare     Rasheed Jimoh