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.

Kwara State Internal Revenue Service     Towoju     Bello John Olanrewaju     Esinniobiwa Quareeb     Umar Bayo Abdulwahab     Akanbi-Oke     Sadiq Buhari     Kayode Yusuf     SSA Youth     Gamji Members Association     Nigeria Customs Service     Local Government     Bashir Omolaja Bolarinwa     Isa Aremu     Seed Technologies     Abubakar Imam     Afeyin-Olukuta     Kawu     Elewu     Oko-Olowo     Ilorin East/South Federal Constituency     Popo-Igbonna     Unicontinental Construction Company     Monthly Sanitation     A.O. Belgore     Shettima Of Ilorin     Omotosho     Budo Egba     Ophthalmological Society Of Nigeria     Florence Saraki     Taibat Ayinke Ahmed     Titus Suberu-Ajibola     IHS Towers     Shuaibu Yaman     Sobi FM     Kwara Politics     Saheed Popoola     Sunday Fagbemi     Oni Adebayo     Paul Olawoore     Kwara State Council Of Chiefs     Muhammad Sirajo Aliyu     Olokoba     Turaki     Mohammed Kamaludeen     College Of Arabic And Islamic Legal Studies     Umar Gunu     Sheikh Ariyibi     Post-utme     Code Of Conduct Tribunal     A.E. Afolabi     Adesoye     Afin Descendants Union Of Odo-Owa     Kayode Zubair     Oloyede     Woro     Fareedah Dankaka     Abdulmajeed Wahab     Olokoba Sulyman     Dele Momodu     Ayodele Olaosebikan     Wahab Issa     Odo-Owa     Saka Balikis Kehinde     Ilorin Durbar     Yusuf Amuda Aluko     GRA     Valsolar Consultoria     Okanlawon Musa     Lawal Olohungbebe     Kwara University Of Education     Medview Airlines     Wahab Agbaje     Olatunde Jare     Owo Arugbo     Adama Isa     Orire    

Cloud Tag: What's trending

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

Amuda Aluko     Joseph Daudu     Rafiu Ajakaye     Tayo Awodiji     Olatunji Moronfoye     State Bureau Of Internal Revenue     Idris Garuba     Dar-Al-Handasah Consultants     Ogbondoroko     Risikat Lawal     Aishat Mohammed Lawal     Arinola Fatimoh Lawal     Tsaragi-Share     Sulyman Atolagbe Alege     Code Of Conduct Bureau     Durosinlohun Kawu     Vasolar Consultoria     Yusuf Ibitokun Sherifat     Yahaya Oloriegbe     Twitter     Sidikat Alaya     Iponrin     Musa Alhassan Buge     Niyi Osundare     BIR     Old Oyo     Hameed Oladipupo Ali     Alabi Olayemi Abdulrazak     Ilorin South     Ahmad Olayiwola Kamaldeen     Siraj Oyewale     Kayode Zubair     National Union Of Road Transport Workers     Kwha.gov.ng     Lithium     Bello Oyedepo     Mohammed Haruna     Ariyo     Osinbajo     Mahmud Babatunde Baker     Dauda Adesola     Oke Sunna     Hussein Olokooba     Nigeria Governors\' Forum     Sulyman Buhari     Gamji Members Association     Ibikunle Ogunleye     Akanji     Baaziki Sulaiman     Adama Isa     Plat Technologies Limited     Taiwo Joseph     CELF     Olusin Of Ijara Isin     Yahaya Abdulkareem Babaita     Bello Oyebanji     Sheikh Hamzat Yusuf Ariyibi     Mary Arinde     Lukman Oyebanji Fagbemi     Moshood Kashimawo Abiola     Modupe Oluwole     Gbemi Saraki     Mary Kemi Adeosun     Kwara State Fire Service     Ajeigbe     AbdulRahman Saad     HYPPADEC     Mumini Ishola Hanafi     AGF Abdulrazaq     Awili Pedro     Kwara North     Abdulrazaq Akorede     Kazeem Oladepo     Yunus Oniboki     A.E. Afolabi     Garba Ado Sanni     Ileloke