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.
Baboko Primary School Abdulazeez Arowona Kwara United Saheed Alakoso Offa Poly Plat Technologies Aisha Abodunrin Ibrahim Chemiroy Nigeria Limited Gbenga Adebayo Bola Sagaya Na\'Allah Bureau Of Lands Yusuf Abdulwahab Sobi Hill Opobiyi Dauda Adesola Mary Arinde Dapo Teni Nig Enterprise Lanre Issa-Onilu Rafiu Olasile Danhawa Toyin Abdullahi Sulyman Buhari Marafan Shonga Emir Of Shonga Ramadan COVID-19 Palliatives Abdulmumini AbdulRazaq Kayode Yusuf Abdulrosheed Okiki Fatai Garuba Labaka Timothy Olatunde Fadipe Sunday Popo-Ola Aminat Ahmed Alabe Amina Susa\'a De Ahmed Segun Olawoyin Bank Of Industry Aisha Ahman-Pategi Yaru Saeedat Aliyu Ganmo Power Sub-Station Split Diamond Interchange NaAllah Cornelius Adebayo Prince Mahe Abdulkadir Ibrahim Abikan Old Oyo Alfa Belgore Daud Adeshola UTME Onilu Mope Dasuki Belgore Saidu Isa Benin Republic Olaitan Buraimoh Abdulbaqi Jimoh Afonja Descendants Union Mustapha Akanbi Coronavirus NYSC Ajike People Support Centre Salihu Yahaya Abdulkadir Bolakale Sakariyah Ibrahim Oniye Tunde Oyawoye Ayinke Saka Igosun Jare Olatundun Kubra Kazum Arik Quareeb Ganiyu Taofiq Oniyangi Transition Implementation Committee Lanre Badmus Aremu Bose Deborah

