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.
Vishvas KOZ Tractors Dan-Kazeem Usman Rifun Dapo Teni Nig Enterprise Ayegbeni Ahman Pategi University Akume Hamidu Olowo Isiaka Saka Opobiyi Oba Abu Mutawali Akanbi-Oke Alfa Belgore Kwara North KWATMA Olomu AbdulGafar Tosho Adamu Ibrahim Sabi John Mayokun Dada Facemasks Muazam Nayaya David Adesina Bareke Jebba Dan Iya Of Ilorin Aremu Odolaye Ahmad Belgore Lanre Badmus HAMFAT Clinic And Maternity Jimoh Lambe Abdulkareem Gurei Oye Tinuoye Ahmed Dankaya Federal Polytechnic Offa Chartered Institute Of Personnel Management Of Nigeria Alabe Twitter Ibraheem Abdullateef Turaki Of Ilorin Paul Odama Peculiar Allowance Nurudeen Muhammed Bio Ibrahim Danhawa Abubakar Abdulraheem Ethical College Ijagbo Joseph Daudu Umar Sanda Yusuf Radio SBS Olatunde Jare Rafiu Olasile Bolaji Abdullahi Senior Staff Union Of Colleges Of Education Radio Kwara Mohammed Kamaludeen Abdulfatah Ahmed Galland Marcias Yusuf Mubarak Peter Obi Dagbalodo 2017 Budget Hussein Oloyede International Vocational Centre Emir Of Yashikira Emmanuel Olatunji Adesoye Oluwarotimi Boluwatife Adenike Bureau Of Lands Esinniobiwa Quareeb Maryam Nurudeen NAWOJ Kwara Hotel Oko Erin Government Girls’ Day Secondary School Pakata Akom Construction And Engineering Synergy Ltd Kubra Kazum Government High School (GHS), Adeta

