Banks peg cash withdrawals at N20,000 as POS charge N1,000 for N10,000 in Kwara
Banks in Ilorin, Kwara State capital, have pegged cash withdrawals across the counter at N20,000 for lucky customers.
DAILY POST reports, however, that the frustration of customers surrounding the new currency swap continues without any feasible end to the chaotic experience encountered at the bank halls and ATM points in the Ilorin metropolis.
Customers, who wished to swap their old currencies to new ones throng their various banks as early as 4.a.m and 5a.m and remain till 6p.m in the attempt to beat the extended February 10, deadline by the Federal Government.
Operators of POS have also increased their charges on withdrawals from 10 percent to 25 per cent depending on the amount a customer intends to withdraw at a time.
A customer, who spoke to our correspondent, claimed that she was charged N1,000 for a withdrawal of N10,000 while another customer disclosed that he was charged N150 for withdrawal of N1,000.
Findings by Our correspondent further revealed that most operators of POS are unable to meet the huge requests of customers as they complain about paucity of cash.
The development has also collapsed some small scale business enterprises.
A female POS operator told DAILY POST in Ilorin on Monday, that she could only give out N2,000 at a time to the numerous customers that patronize her shop.
DAILY POST recalls that President Muhammadu Buhari has asked Nigerians to give him one week to decide and take action on the currency swap crisis.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
08001000100 Photo News Pius Abioje Forgo Battery Gafaru Olayiwola Olorisade Aishat Mohammed Lawal Gbemisola Saraki Bluenile Associates Rasheed Jimoh Oniwa Neo Mundo Ltd Government High School Adeta Matthew Babaoye Government House Okanlawon Musa Ghali Alaaya Kwara United Al-Adaby Yahaya Dumoye Bankole Omisore Suleiman Rotimi Iliasu N-Power Harrison Osauwagboe Admiralty Villa Abdulkadri Ahmad Alaiye Inside Kwara Olokoba Students Union Government Muazam Nayaya College Of Education Special Adviser On Digital Innovation Muyideen Ajani Bello Hameed Oladipupo Ali Bello Abubakar Riskat Opakunle Otoge Alfa Belgore Mutawalle Razaq Ayobami Akanbi Ilorin East Olaiya Zuberu Transition Implementation Committee Isaac Gbenle Abdulsalam A. Yusuf NAWOJ Nigerian Correctional Service Christian Association Of Nigeria Madawaki Of Ilorin Idris Garba Ilorin.Info Sulaiman Gado Abiodun Oyedepo NIPOGA Abdulrazaq Aiyelabegan Ahmed Idofin Pakata Yusuf Abdulwahab Fatimat Saliu Quran Abdullah Janet Amudat Elesie Of Esie Bola Sagaya Lawyers Unite Against Corruption Omotoso Elerin Of Erin-Ile Salake Ganiyu Taofiq Old Oyo Okiki Abdullahi Imam Abdullahi Ilorin Curfew Laduba Aso Ofi Adamu Jemilat-Baki Stephen Fasakin Abdulrasheed Lafia

