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.
Albert Ogunsola REO CAKES Post-utme Adedayo Yusuf Abdulkareem Isiaka Saka Opobiyi Orire Gbemi Saraki Kwara State Governor Kamaldeen Kehinde Adaramaja John Kehinde Salako Aisha Gobir Nurudeen Mohammed Shaykh Luqman Jimoh NSCIA Okala Baba Kulende Joseph Alex Offorjama University Road Oloriegbe Fatai Garuba Labaka Sherif Shagaya Akeem Lawal Jalala Sanitation Exercise Sheu Ndanusa Usman Owo Isowo Hamidu Olowo Samuel Adedoyin UTME Bello Taoheed Abubakar Simeon Ajibola Centre For Peace And Strategic Studies Chemiroy Nigeria Limited Jelili Yusuf Suleiman Idris Malete Sango-UITH Road Volunteers Of Ilorin Community And The Emirate Yusuf Amuda Abubakar Suleiman Mora Omar Bayo Lawal Bukola Saraki Halidu Danbaba Taofik Abdulkareem College Of Arabic And Islamic Legal Studies Saidu Isa Chief Imam Of Ilorin Bature Bello BECE 11th Galadima IYA YUSUF Council Of The Wise Saad Belgore Abdulrahman Onikijipa Okeose Christian Cementary Sheikh Alimi Is\'haq Modibbo Kawu Muhammad-Mustapha Suleiman Kale Belgore Kwara 2023 Yomi Adeboye Ajasse-Ipo Hydroelectric Power Producing Areas Development Commission Okin High School Lukman Oyebanji Fagbemi Dumagi Law School Scholarship Senate Akom Construction And Engineering Synergy Ltd Moronfoye Egbewole Abdulrazaq Sanni Nigerian Correctional Service Sulyman Age AbdulKareem Offa Grammer School Eghe Igbinehi

