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.

Aremu Bose Deborah     Frootify     Mohammed Danjuma     Laolu Saraki     Nigeria Customs Service     Ridwan Agboola     Bamikole Omishore     Afeyin-Olukuta     Oke-Ode     Ojuekun Sarumi     Baba Idris     Convocation Ceremonies     Ndakene     Onilorin     Adamu Atta     Ope Saraki     Abdulmumin Yinka Ajia     Babaita     Facemasks     Barakat Community Secondary School     Jare Olatundun     Eghe Igbinehin     Lola Ashiru     Mumini Ishola Hanafi     Hussein Olokooba     Plat Technologies     Ilorin Anchor Men And Women     Dan-Kazeem     Col. Taiwo     Segun Adeniyi     Kuliyan Geri     Benin Republic     Sheriff Shagaya     Yomi Ogunsola     Soffiyyallah Kamaldeen     GRA     Alfa Modibo Belgore     Ibrahim Taiwo Road     Bashiru Makama     Ahmed Idris Mohammed     Curfew     Offa Metropolitan Club     Abdulrazaq Akorede     Tsaragi/Share     Kwara Consultative Forum     Sa\'adatu Modibbo-Kawu     Adeola Abraham     Adedipe     Kwara Polytechnic     Sanitation Exercise     Oke-Ogun     Olota Of Odo-Owa     Royal FM     Malete     Oba David Oyerinola Adedunmoye     Mohammed Haruna     Lanre Olosunde     Dogara     Mahmud Ajeigbe     Bukola Saraki     Yahaya Muhammad     Abdulazeez Arowona     Grillo     Shaaba Lafiagi     Ifelodun     Ganmo Electricity Sub-Station     Amos Justus Sayo     Lawan     Olaiya Lawal     Labour Party     MAI Akande     CT Ayeni     AbdulFatai Adeniyi Dan-Kazeem     Bayo Lawal     Junior Secondary School Certificate Examinations     Olatunji Abdulmumeen     Doyin Agbamu    

Cloud Tag: What's trending

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

Kwara State Pension Board     IHS     Aliyu Kora Sabi     KWSIEC     Nigeria Governors\' Forum     Idris Amosa Oladipo Saidu     Muhammed Aliyu     Yomi Adeboye     GRA     Shade Omoniyi     Kaosarah Adeyi     Mohammed Ibrahim     Olokoba Sulyman     Societe Generale Bank Of Nigeria     Bashiru Makama     Onilupeju Of Ilupeju     Albert Ogunsola     Atiku Abubakar     Kayode Ogunlowo     Saka Adeyemo     Ibrahim Abdulqadir Abikan     David Oyepinola Adedumoye     Mope Dasuki Belgore     Dele Momodu     Ambassador Kayode Laro     Iyabo Dupe Adekeye     Apaokagi     Abdulrazaq Magaji     Post Utme     Abdulkadir Orire     Sulu Gambari     Kisira     07039448763     Igbomina     Omoniyi     Ahman Patigi     General Hospital, Ilorin     COVID     Abdulmajeed Wahab     Savannah Centre For Diplomacy, Democracy And Development     Oba-Solagberu     ARMTI     Sardauna     Orisun Igbomina     Oye Tinuoye     Shettima Of Ilorin     Shaykh Luqman Jimoh     Olokoba Abdullahi Ayinla     Sadiq Umar     Gbemisola Saraki     AbdulRasaq Abdulmajeed Alaro     Www.Kwarareports.com     Kwara State Fire Service     Samuel Elizabeth Keatswa     Iliasu     Mansurat Amuda-Kannike     BIR     Kumbi Titiloye     Fola Consultant     AbdulRauf Keji     Sunday Otokiti     LABTOP     Adamu B. Yaqubu     TIC     Face Masks     Babaita     Adebayo Salami     NULGE     Timothy Olatunde Fadipe     Alaro     Student Learning Support Helpline     Okin High School     AbdulHakeem Ajibola Akanbi     Nurudeen Muhammed     Abubakar Baba     Yomi Ogunsola     Awodun