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.

Mustapha AbdulGaniyu     Curfew     Funke Adedoyin     MalHub     Idris Amosa Saidu     TIIDELab     Salihu Alhaji Musa     Ilorin South     Ilorin Durbar     SWAN     Alimi Abdulrazaq     Adesoye     KWASIEC     Kwara Basketball Association     Yahaya A Paniyaro     Agboola Babatunde     State Bureau Of Internal Revenue     Abubakar Suleiman     Abdulrasheed Akogun     Baba Isale     Isaac Aderemi Kolawole     Frootify     Transition Implementation Committee     Raliat Elelu-Habeeb     Aliyu Umar     Dumagi     Amada Jidda     Saidu Isa     Yusuf Lanre Badmas     Maigida Soludero Transit     Akande Idowu Ayoola Muhammed     Tsaragi     NTA Ilorin     Taibat Ayinke Ahmed     Iponrin     Busari Alabi Alausa     Budo Egba     Wahab Egbewole     Adanla-Irese     JAMB     Oloriegbe     Dairo Kunle Paul     Olusola Saraki     KWASAA     Taofik Abdulkareem     Prince Sunday Fagbemi     Sidikat Uthman Ajibola     Ilorin East/South Federal Constituency     Simeon Ajibola     JUSUN     Sulyman Age AbdulKareem     Leke Ogungbe     Mopelola Abdulmaliq-Bashir     Ado Ibrahim     Christopher Tunji Ayeni     Ishaq Oloyede     Kwara Pdp     Elesie Of Esie     Yahaya Abdulkareem Babaita     Sarakite     Iyaloja-General     Kwara Central     Olaiya Victor Mobolaji     UTME     Binta Abubakar-Mora     Amuda Bembe     Jare Olatundun     KWACOBPA     Shuaibu Yaman     Sulu Babaita Isiaka     Ghali Muhammed     Moshood Bakare     Ahmad Uthman     Harmony Holdings     Unilorin FM     Salihu Jibril Garbi     Muyideen Ajani Bello    

Cloud Tag: What's trending

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

Sheriff Shagaya     Aliyu Muyideen     Benin Republic     Mansur Alfanla     Wahab Kunle Shittu     Abdulrahman Abdullahi Kayode     Hijab     Niguel Gallando Marcias     Saliu Oluwole     Timothy Olatunde Fadipe     Shola Odetundun     March 18     Adam Abdullahi Al-Ilory     Kwara State Branch Of The National Library     Shoprite     Oniyangi     Lawan     Ibrahim Kayode Adeyemi     Public Holiday     Kayode Ishola     Wahab Issa     Aliyu Olatunji Ajanaku     Ajase-Ipo     Ademola Kiyesola     Laduba     Abatemi-Usman     Aremu Bose Deborah     Amos Sayo     Ojuekun Sarumi     Kupchi Hosea Maxwell     Oye Tinuoye     Najim Yaasin     Wahab Isa     M.Y. Abdulrahaman     Riskat Opakunle     Ilota     Kaiama     Oke-Ogun     Sheikh Ariyibi     Makama Of Kaiama     Kamoru Kadiri     Adamu Ibrahim Sabi     Ibraheem Adeola Katibi     Aliyu Kora-Sabi     Prince Bola Ajibola     Akume     Simeon Ajibola     Muhammed Akanbi     Sarkin Malamai     MAI Akande     Mumeen Lah     Lola Ashiru     Bello Taoheed Abubakar     Ibrahim Issa Jetti     Abubakar Imam     Sarakite     Oluronke Adeyemi     Colleges Of Education Academic Staff Union     Hydroelectric Power Producing Areas Development Commission     Adamu B. Yaqubu     Kwara Pdp     Olokoba Sulyman     Muhammad Sirajo Aliyu     Kishira     VADA     Segun Olawoyin     Harafat E. Mukadam     Isaac Gbenle     Onikijipa     Kwara 2015     Haliru Dantoro     Nigeria Association Of Women Journalists     Oluwole Dupe     Labaeka     COVID-19 Palliatives     Muhammed Danjuma     Tunji Ajanaku