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.

CT Ayeni     Henry Olaosebikan     National Information Technology Development Agency     Centre For Peace And Strategic Studies     AGF Abdulrazaq     Adam Abdullahi Al-Ilory     Sherif Sagaya     Issa Memunat Moyosore     Taofik Abdulkareem Babaita     Segun Ogunsola     Elekoyangan     Ajikobi     George Innih     Agbarigidoma     Aisha Abodunrin Ibrahim     Olaosebikan     Markaz Arabic And Islamic Training Institute, Agege     Tanke     Press Release     Mahmud Durosinlohun Atiku     Valsolar-Kwara Company Limited     Kwara Metro Park     Rafiu Olasile     Bayo Lawal     Col. Ibrahim Taiwo     AbdulRaheem Ahmad Shayi     Yusuf Amuda Abubakar     Alaiye     Abubakar Bature Sulu-Gambari     Oluwole Dupe     MMWG     Kwara State Sports Commission     Ballah     Abraysports FC     Muhammadu Buhari     Doyin Agbamu     Jebba     Mohammed Lawal     Nigerian Correctional Service     Kwara 2023     Playing Host     Kisira     Saidu Kawu     April 11     Sam Onile     Okanlawon Musa     Nupe     Temitope Ogunbanke     Oko Erin     Ejidongari     Samuel Adedoyin     Yaman     Congress For National Consensus     Tinubu Legacy Forum     Vasolar     Galadiman Ngeri     Odogun Olushola Gabriel     John Obuh     Lai Gobir     Aisha Ahman Pategi     Usman Rifun     Roseline Oni Aremu     Gbemi Saraki     Baba Issa Awoye     Bayo Ajia     Bond     Pakata Development Association     Abdulrasaq Alaro     Binta Abubakar-Mora     Obuh     Adolescent Girls Initiative For Learning And Empowerment     S.O. Opowoye     Elerinjare     Yomi Ogunsola     QuickWin     Trader Moni     Aminu Ado Bayero    

Cloud Tag: What's trending

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

Ola Falade     Vasolar Consultoria     Sola Saraki University     CCB     Al-Hikmah University     Dauda Adesola     Shehu Alimi Foundation For Peace And Development     Abdulkadir Bolakale Sakariyah     Solomon Edojah     Kwara State Polytechnic     Samari     Mohammed Tunde-Jimoh     Ile Arugbo     Saka Asiat Ayinke     Ahmad Lawan     Abdulrosheed Okiki     Ajeigbe     Logun     Habeeb Abdullahi Al-Ilory     Osi     IYA ALFA NLA     Rihanat Ajia     Abdulkadir Orire     Oke-opin     Oni Adebayo     Mumini Ishola Hanafi     Dele Momodu     Saba Jibril     Talaka Parapo     Minister     Abdulazeez Uthman     NTA Ilorin     Yashikira     ENetSuD     Al-Ilory     Abdulquawiy Olododo     Abdulbaqi Jimoh     Abdullahi Imam Abdullahi     Muhammed Mahe Abdulkadir     Adesoye     Ishola Balogun Fulani     Idris Garuba     NIPR     Ahmed Shuaib Buranga     Rasheed Jimoh     Abdulmumin Yinka Ajia     Azeez Salawu     Monthly Sanitation     Centre For Peace And Strategic Studies     Kumbi Titiloye     Ubandawaki     Halidu Danbaba     Olugbense     IsDB     Mustapha Olanipekun     Bello Taoheed Abubakar     Gobirawa     Kwara Restoration Project     Kamoru Kadiri     Elewu     Rabiu Kwankwaso     Tosho Yaqub     Gbenga Awoyale     Kwara     KWASSIP     Joana Nnazua Kolo     Ibrahim Bio     Geri-Alimi Split Diamond Interchange     Bio Ibrahim     CELF     Taofik Abdulkareem     Monthly Sanitation Exercise     David Oyepinola Adedumoye     Sadiq Buhari     Adeola Abraham     Jumoke Monsura Gafar     Sa\'adu Gambari