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.
Ilorin Amusement Park National Information Technology Development Agency Tanke Salihu Alhaji Musa Yinka Aluko GRA Okiki Ilofa Ilorin Kwara State Football Association Muhammed Abdullahi Amusa Bello Oluranti Idowu Idris Garuba Abdulmalik Bashir Mopelola Risikatullahi Kunle Okeowo Sam Okaula Sun Qing Rong Abatemi Usman Saad Omo\'ya Abdulmajeed Abdullahi Gbajabiamila Ethical College Radio Kwara Yusuf Abdulwahab Bolaji Nagode Federal Road Maintenance Agency Tafida Of Ilorin Senior Ibrahim Suleiman Tunde Akanbi Siddiq Adebayo Idowu Salawu Adekunle David Dunmade Mutawali Yusuf Amuda Aluko Olusin Of Ijara Isin Na\'Allah Ayinke Saka Ayoade Akinnibosun Dagbalodo Pategi Fatai Garuba Labaka David Oyerinola Adedunmoye Saad Belgore Bayer Nigeria Limited Basit Olatunji KWSUED Binta Abubakar-Mora Dauda Adesola Abdulmumini Jawondo Ayodele Shittu Aso-ofi Nigeria Governors\' Forum Egbejila Oyawoye Coalition Of Kwara North Groups Lai Gobir Tunji Olawuyi Saliu Tunde Bello Aisha Abodunrin Ibrahim NURTW Muyideen Ajani Bello Awoye Radio SBS Durbar Festival Solomon Edoja Olabode George Towoju Democracy Day Mohammed Haruna HICA Raimi Iyanda Olabimpe Olani LABTOP IEDPU Apaokagi Dumagi Bio Ibrahim Basic Education Certificate Examination

