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.

Folajimi Aleshinloye     Dankaka     UNILORIN Alumni Association     Muhammed Abdullahi     Lithium Deposit     Olayinka Olaogun     Suwa-Arabs     Amule     Babaloja-General     Tescom.kwarastate.gov.ng     Unicontinental Construction Company     NFAI     Abdulwahab Olarewaju Issa     Muyideen Ajani Bello     Shehu Alimi Foundation     National Democratic Congress     Abdullahi Adisa Akodudu     Harmony Holdings     Akeem Lawal     Flights To Ilorin     Oja-Oba     Code Of Conduct Bureau     KWASSIP     Tsaragi-Share     National Party Of Nigeria     Olaiya Zuberu     Gbemisola Saraki     Abdulganiyu Oladosu     Umar Danladi Shero     Salihu S. Yaru     Dauda Adesola     Imam Gambari     Medview Airlines     Abdulraheem Olesin     Afolabi-Oshatimehin     Kola Olota     National Union Of Road Transport Workers     Abdulkadir Jimoh     Dairo Kunle Paul     Ganmo Electricity Sub-Station     Kpotum Mohammed Baba     Simeon Sule Ajibola     Alimi Abdulrazaq     Salaudeen Oyewale     Samuel Elizabeth Keatswa     Ilesha-Gwanara     Kayode Ishola     Kabir Shagaya     Sodiya     Ahmad Lawan     Femtech     Shero     Federal Allocation     Abdulkadir Orire     Rabiu Kwankwaso     Ladi Hassan     Kishira     Yaru     Funmilayo Braithwaite     Aliyu Sabi     SAPZ Project     Ilota     Dar-Al-Handasah Consultants Ltd     Sheikh Ridhwanullah El-ilory     Kwara-SAPZ Project     Modibbo Kawu     Egbejila     Oro Grammar School     Hameed Oladipupo Ali     Illyasu Abdullahi     Yomi Ogunsola     Muhammed Akanbi     Adam Abdullahi Al-Ilory     Aisha Ahman Pategi     Peter Obi     David Oyepinola Adedumoye     TETFUND    

Cloud Tag: What's trending

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

Kwara State Television (KWTV)     Fulani     Ishola Abdullahi     Ophthalmological Society Of Nigeria     Inside Kwara     Muhammed Mahe Abdulkadir     School Of Nursing     Senior Staff Union Of Colleges Of Education     Pakata     Kwara State Television     JMK Construction Company Limited     Bolaji Aladie     Amule Elementary School     Bukola Saraki     Prince Bola Ajibola     Emir Of Ilorin     Kwarareports.com     Yusuf Amuda Gobir     Erubu     Muideen Olaniyi Alalade     Fola Consultant     Arandun     Muhammad Akande Olarewaju Odunade     Bello Oyedepo     A.E. Afolabi     AbdulGaniyu Kareem     Ibrahim Gambari     Ridwan Agboola     Shao     Isin     Wahab Olasupo Egbewole     Abubakar Aliagan     ER-KANG Mining Nigeria Company Limited     Oba Abdulkadir La\'aro     Ajakaye     Segun Ogunsola     Waheed Ibrahim     Law School Scholarship     Kayode Alabi     Ogbondoroko     ITP     Muyiwa Oladipo Kanu     Oba David Oyerinola Adedunmoye     Sabitiyu Grillo     JAAC     Olatunde Olukoya     Y.A. Abdulkareem     United Nigeria Airline     Umar Ahmed Gunu     Congress For National Consensus     Ojo Fadumila     Tunde Oyawoye     Joseph Bamigboye     Owo Isowo     Olatunde Michaels     Kanu Agabi     Kwara Coalition Of Business And Professional Associations     Sulyman Abdulkareem     Umar Saro     Joana Nnazua Kolo     Okin Biscuit     Kuliyan Geri     Kannike     Rebecca Olanrewaju     Federal Road Maintenance Agency     Chief Of Staff     Oloye     Taofik Abdulkareem Babaita     Mohammed Lawal     Jimoh Olusola Imam     Alapansapa     Sulyman Tejidini     SGBN     Rex Olawoye     Sayomi     Ibrahim Abikan     Eruku