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.
Roheemat Hammed Modupe Oluwole Umar Danladi Shero Idi-Ape Kwara Central Abdulrosheed Okiki Senior Staff Union Of Colleges Of Education Isau CCEPE Kumbi Titilope Olufolake Abdulrazaq Funmilayo Isiaka Oniwa Aliyu Kora Sabi Assayomo Saka Aleshinloye Babata Elesie Of Esie Dapo Teni Nig Enterprise Ekweremadu Segun Ogunsola Raimi Iyanda Alao Ayotunde Yinka Aluko FERMA Computer Based Test Mohammed Abdulahi Idris Amosa Saidu IF-K Olatomiwa Williams Salihu Alhaji Musa Sobi Kayode Oyin Zubair Kpotum Mohammed Baba TIC Moji Makanjuola SDP Neo Mundo Ltd Rice Farmers Association Of Nigeria Amasa Kehinde Boyede Amos Bajeh Emir Of Shonga Seni Saraki Ilorin Descendants Progressive Union Alanamu Bisi Kristien Musa Yeketi Medview Airlines Olaosebikan College Of Education First Lady CBT Kabir Shagaya Joseph Daudu Student Learning Support Helpline Abdullahi Dasilva Yussuf April 11 Mohammed Tunde-Jimoh Peter Amogbonjaye Saba Jibril Aisha Abodunrin Ibrahim Gbajabiamila Government House Samuel Adedoyin Saidu Yaro Musa Olaitan Adefila Umar Ahmed Gunu Saliu Shola Taofeek Aliyu U. Tilde Afin Descendants Union Of Odo-Owa KW-GIS AbdulRauf Keji N-Power Yusuf Abdulraheem C2c@kwarastate.gov.ng Quareeb Islamic Association Umar Yakubu Jaja

