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.
Risikat Lawal Kwara Saliu Ajibola Ajia AbdulRazaq Abubakar Jiddah Surajudeen Akanbi GANZY Fatai Adeniyi Garba Afolasade Opeyemi Kemi Tanke Arik Valsolar Consortium Jamiu Oyawoye Gobirawa Ilorin.Info Adesoye College Kanu Agabi Oke-Ero Aasiyat Bello Oyedepo Mary Kemi Adeosun Fatima Abolore Jimoh Student Learning Support Helpline Amosa Aliyu Salihu Jimba Babatunde Ibrahim Akaje Just Event Online Halimat Yusuf Adegoke Bamidele MAI Akande Jumoke F. Ajao IPSAS Asiwaju Bola Tinubu Abdulmajeed Wahab Yusuf Amuda Aluko Jimoh Bashir Basit Olatunji Alumni Association Of The Federal Polytechnic Offa Saliu Oluwole Kwara State Television JAAC Kumbi Titilope Matthew Okedare LEAH Charity Foundation Gani Saadu Bukola Ajikobi Demola Banu Busari Alabi Alausa Ojo Isekuse Atunwa Bayer AG Aso-ofi Fatimah Abdulkadir Adedipe Ilorin Emirate Garba Ado Sanni Council Of The Wise Tosho Yaqub Sodiya Kwara North Democracy Day Ishola Abdullahi Salman Suleiman Alaro IQRA College MATTA Girls Foundation Taofeeq Olateju Ayo Salami Illyasu Abdullahi Obuh Suleiman Abubakar General Tunde Idiagbon International Airport Kunle Akogun Hamidu Olowo Joseph Daudu Amoyo Olupako Omotoso Musa

