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.

SSA Youth Engagement     Gbugbu International Market     Abraham Ojo     Yakub Ali-Agan     Onilupeju Of Ilupeju     Hamza Usman     Saliu Ajia     IHS Towers     Hijaab     Abraysports FC     Idris Amosa Saidu     Sobi Hill     Baba Idris     Durosinlohun Kawu     Olokoba Sulyman     Sadiq Buhari     Isapa     Kale Ayo     Umar Sanda Yusuf     Salihu S. Yaru     Kwara State Sports Commission     Bello Oyebanji     Muhammad Akande Olarewaju Odunade     Principal Private Secretary     Kwasu     Halidu Danbaba     Lawal Arinola Kudirat     Adebayo Mohammed Kamaldeen     Pius Abioje     Adebara     Funke Adedoyin     Charles Ibitoye     Bilikisu Gambari     Maryam Nurudeen     Baba Issa Awoye     Quareeb Islamic Association     Earlyon Technologies     Makama     AGF Abdulrazaq     Assayomo     Umar Bayo Abdulwahab     Taofik Abiodun Ahmed     Olateju Lukman     Sebastine Obasi     Yahaya Oloriegbe     Abdulrasaq Alaro     SAPZ Project     Ahman Patigi     Abdulrahman Iliasu     Rashidi Yekini     TIIDELab     Adamu Ibrahim Sabi     Kwara State Football Association     Alaiye     HICA     Sidikat Alaya     Samuel Adaramola     Lafiagi     Bolakale Saka     Mamatu Abdullahi     Tunji Ajanaku     Omoniyi     Prince Mahe Abdulkadir     KWSUED     Oko     Mohammed Abduraheem     AbdulHakeem Ajibola Akanbi     Lateef Ademola Olatunji     Olosi Of Osi     Ibrahim Orire     Wahab Isa     Federal College Of Education (Special), Afon     Micheal Imoudu     Abatemi Usman     Ibrahim Labaika     Muritala Olarewaju     Yemi Sanni    

Cloud Tag: What's trending

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

Afusat Nike Ibrahim     VADA     Tope Daramola     Jumoke Gafar     Bashir Omolaja Bolarinwa     Taofeek Sanusi     Oloyede     Ibrahim Abduquadri Abikan     Barakat Community Secondary School     Pilgrims Board     Okin Group     Colleges Of Education Academic Staff Union     Yusuf Abdulraheem     Kola Bukoye     Samuel Adedoyin     MMWG     Communication Network Support Services     Valsolar     Joseph Bamigboye     Olajumoke Monsura Gafar     Mustapha Akanbi     Quranic Recitation Competition     Abdulmutalib Shittu     Oluwatoyin Lukman     Kwara State Infrastructure Development Fund     Sheikh Ridhwanullah El-ilory     Baba Issa     NSCIA     Aremu Odolaye     Rihanat Ajia     Sa\'adu Salau     Moshood Bakare     Markaz Arabic And Islamic Training Institute, Agege     Oyawoye     Sanitation Exercise     Okin Biscuit     Ope Saraki     Muhammad Toyin Sanusi     University Road     Lanre Badmus     SSA Youth     Shehu Alimi Foundation     Oba-Solagberu     Pacify Labs     Rafiu Ajakaye     Ahman Pategi     A.E. Afolabi     Bayo Lawal     Ado Bayero     Inside Kwara     Government High School (GHS), Adeta     Taofeek Ibraheem     Aliyu Kora Sabi     Shonga     Idris Amosa Oladipo Saidu     Simeon Sule Ajibola     Danhawa     Assayomo     Abdulrahman Iliasu     Fatimat Saliu     Umar Ayinla Saro     Ayobola Ipinlaiye     CKNG     Sunday Popo-Ola     Muhammadu Buhari     Olaiya Zuberu     Economic And Financial Crimes Commission     Kishira     Iyeru Grammar School     Rotimi Atere     Abdul-Rahoof Bello     Kale Bayero     Harrison Osauwagboe     Abubakar Abdullahi Bata     Isaac Gbenle     Suraj Tunji Oyewale     SARS