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.

Tescom.kwarastate.gov.ng     Gbemisola Oguntimehin     Mohammed Ibrahim     Simon Sayomi     CACOVID     Adamu Ibrahim Sabi     Alumni Association Of The Federal Polytechnic Offa     Temitope Ogunbanke     Olota Of Odo-Owa     Monthly Sanitation     VADA     Ayotunde Emmanuel Alao     Salaudeen Oyewale     Awwal Jawondo     RTEAN     Kwara Consultative Forum     Femi Agbaje     Kunle Suleiman     Oko     Kisra     Rotimi Oyedepo     Timothy Akangbe     Olayinka Jelili Yusuf     Association Of Kwara State Online Media Practitioners     Alanamu     Benin Republic     Mahe Abdulkadir     Sheu Ndanusa Usman     Ayodele Kuburat Olaosebikan     NFAI     KWSIEC     Senior Staff Union Of Colleges Of Education     Na\'Allah     Woro     Mohammed Jimoh Faworaja     Flights To Ilorin     Senate President     Musibau Akanji     Segun Abifarin     Nigerian Supreme Council For Islamic Affairs     Baba Idris     Alabi Lawal     Issa Oloruntogun     Kwara State Geographic Information Service     Special Adviser On Digital Innovation     Oko-Erin     Abikan     Laboratory-to-Product     Ita-Nmo Market     Ishaq Salman     COEASU     Yahaya Jibril Usman     Olabode Towoju     Alfa Belgore     Iponrin     Ibrahim Abikan     Ahmed Alhasssan     Paul Odama     Yakubu Shaaba     Fatai Olodo     Elesie Of Esie     Tsaragi     Salake     Aisha Abodunrin Ibrahim     Aremu Odolaye     Sanitation Exercise     Centre For Peace And Strategic Studies     Ganiyu Taofiq     Sidikat Alaya     Adijat Adebiyi     Binta Abubakar-Mora     Baba Adini Of Kwara State     Ilorin Central Mosque     Micheal Imoudu     Akom Construction And Engineering Synergy Ltd     State Bureau Of Internal Revenue     Idowu Aremu    

Cloud Tag: What's trending

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

Galadima     Baruten     Samari     Vasolar Consultoria     V.O. Abioye     Kwara     Mohammed Saidu     Ishaq Salman     KWAFFA     Yetunde Balogun     Haruna Olawale Sulaiman     Ibrahim Sulu Gambari     Muhammad Akande Olarewaju Odunade     Sheikh Alimi     Yoruba     Abubakar Lah     Saliu Mustapha     SGBN     Government House     Abdul-Rahoof Bello     Galland Marcias     Salman Jawondo     Mamatu Abdullahi     Otoge     Makama Of Ilorin     Rapheal Ashaolu     Lateef Alagbonsi     Kwara Poly     KW-GIS     Lanwa     Sa\'adu Salau     Funmilayo Zubair     Olayinka Are     Kale Bayero     Abdulkadir Orire     Makama     07039448763     Balogun-Ojomu     Ayo Opadokun     Split Diamond Interchange     Dankaka     Idi-Ape     Congress For National Consensus     Adolescent Girls Initiative For Learning And Empowerment     Association Of Kwara State Online Media Practitioners     Iyaloja-General     Durosinlohun Atiku     Mahmud Babatunde Baker     Olayinka Oladapo Jogunola     Abubakar Kawu Baraje     Abdulahi Abubakar Bata     Lukman Oyebanji Fagbemi     Saka Balikis Kehinde     Sarafadeen Kayode Akorede     Nigeria Foundation For Artificial Intelligence     Maja     Markaz Arabic And Islamic Training Institute, Agege     Harafat E. Mukadam     Sunset Workers     Forgo Battery     George Innih     AbdulGaniyu Kareem     Oniyangi Kunle Sulaiman     Mike Omotosho     Akeem Lawal     Khairat Gwadabe     Overland     Saka Keji     Christopher Ayeni     Femi Agbaje     Benin Republic     Pakata     Abdullahi AbdulMajeed     Nigeria Governors\' Forum     Nnazua     Sheriff Olanrewaju     Yahaya Abdulkareem