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.

Funmi Salau     Prince Sunday Fagbemi     Federal Polytechnic Offa     Oro Grammar School Old Students Association     Akeem Olatunji     Quran     Saka Adeyemo     Shehu Jimoh     Kisra     Rebecca Olanrewaju     Kayode Laro     Rachael Obisesan     Babs Iwarere     Mopelola Abdulmaliq-Bashir     Special Agro-industrial Processing Zone     Olayinka Olaogun     Lukman Adeloyin     Durosinlohun Atiku     Hijab     General Hospital     Yusuf Arowosaye     Tescom.kwarastate.gov.ng     Ejidongari     Kwara-SAPZ Project     Durbar     Ayinde Oyepitan     Musa Abdullahi     AbdulKareem Yusuf Danhawa     Iliasu     Kamaldeen Gambari     Opaleke Bukola Iyabo     IDPU     ITP     Adebayo Salami     CCEPE     Sulyman Abdulkareem     Ibrahim Abiodun     Busari Alabi Alausa     Mahe Abdulkadir     Kassim Babamale     Abdulhakeem Adelaja Amao     Abdullahi Samari     Gbemi Saraki     Oyelere Oyinloye     Durbar Festival     A.E. Afolabi     Revenue Court     Yomi Adeboye     Olabimpe Olani     Yahaya Jibril Usman     Akanbi-Oke     Muhammad Ghali Alaaya     Playing Host     Olayinka Are     Abdulsalam Firdaous Amosa     Joshua Adeyemi Adimula     Lafiagi     Mahfouz Adedimeji     Bello Oyebanji     Www.Kwarareports.com     Moses Salami     Lithium     Mary Kemi Adeosun     Lola Olabayo     Ilorin.Info     Joseph Offorjama     Amusa Bello     Idi-Ape     Abdulwahab Ololele     Post-utme     Taofik Abdulkareem     Ahmed \'Lateef     AbdulRasaq Abdulmajeed Alaro     March 18     Opolo Global Innovation Limited     Idris Garuba     Olufolake Abdulrazaq    

Cloud Tag: What's trending

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

Bolakale Saka     Adeola Abraham     Olosi Of Osi     Gbenga Adebayo     Bond     Markaz Arabic And Islamic Training Institute, Agege     Quarry Royal Valley     Elerin Of Adanla Irese     NaAllah     International Vocational Centre     Elerin Of Erin-Ile     Saba Jibril     Curfew     Saheed Akinwumi     Sunday Otokiti     Chief Imam Of Omu-Aran     Bello Taoheed Abubakar     COVID     Oniwa     Ayegbeni     Isa Aremu     Sa\'adu Salahu     Unicontinental Construction Company     Toyin Olayinka Tejidini     Zulu Gambari     Ethical College     Irepodun     Toyosi Thomas     NYSC     Kazeem Gbolagade     Taofeek Sanusi     Tuesday Assayomo     Omoniyi Ayinla     Garuba Alikinla Shittu     Toyin Falola     Suraj Tunji Oyewale     Simon Sayomi     Zara Umar     Ishaq Salman     Abdulrazaq Sanni     Aliyu Salihu     Omotoso     Ilorin West     Suleiman Yahya Alapansapa     Ishola Balogun Fulani     Olatinwo     Onilupeju Of Ilupeju     Abubakar Abdullahi Bata     Kayode Ishola     Muhammad Fawaz Abubakar     Bureau Of Lands     IEDPU     Ahmad Belgore     Ibrahim Oloriegbe     Abdulhakeem Adelaja Amao     Olatunji Bamgbola     Olupako Of Share     Olabimpe Olani     Tunde Yusuf     Adaramaja     Code Of Conduct Tribunal     Post Utme     Yahaya Abdulkareem     Bolaji Nagode     Public Holiday     Saduki Lafiagi     Fareedah Dankaka     Damilola Yusuf Adelodun     Oyawoye     Raymond Olaitan     Aremu Odolaye     Yusuf Lanre Badmas     Edret Sabi Abel     Olayinka Olaogun     Kwara Polytechnic     Alaro     Amos Bajeh