POS Operators in Ilorin Struggle to Source Cash Amid Statewide Crunch
Residents of Ilorin, the Kwara State capital, on Monday, expressed concerns over the ongoing cash crunch affecting daily transactions in the state.
Point of Sale (POS) operators in the city revealed that they have resorted to sourcing cash from unconventional places, such as filling stations and other business establishments, to meet customers' demands.
The shortage of cash has caused significant disruptions in the local economy, leaving residents and businesses grappling with financial uncertainty.
This is coming in the wake of similar reports in other states of the country.
A POS operator, Mrs Olaonitan expressed frustration sourcing money from banks.
She said the banks now give as low as N5,000 in some cases to customers.
She added that they now “Source cash from filling stations” and other cash collecting businesses across Ilorin metropolis.
It was observed that some of the POS operators have inflated charges to N150 from N2,000 instead of N100.
A staff of one of the commercial banks at Unity Road, Il?rin said although the issue is connected to the farming season, many of their customers no longer visit for deposit but for withdrawals.
“We started noticing it last week but it had now worsened”, he said.
He, however, added that they have limited withdrawal to N30,000 irrespective of the customer's demand adding that “I am aware of some bank pegging theirs at N20,000 and even lower”.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Olatunji Bamgbola Kayode Yusuf Folaranmi Aro UNILORIN Alumni Association Bature Bello Quareeb Muazam Nayaya Ridhwanullah Al-Ilory Mufti Of Ilorin International Aviation College IHS Towers Esuwoye Funmilayo Isiaka Oniwa Kazeem Oladepo NITDA Marufat Oladosu KWTV March 28 Centre For Peace And Strategic Studies Ilota Risikat Lawal Mahmud Durosinlohun Atiku Public Holiday Afolayan Afeyin-Olukuta Lotus Bank Temitope Ogunbanke Onilorin Of Ilorin Aasiyat Bello Oyedepo Wasiu Onidugbe Abiodun Oyedepo Ganiyu Taofiq Sherif Sagaya Rueben Parejo Raimi Iyanda Kwara State Sports Commission Okiki Akeem Olatunji Senate President HAMFAT Clinic And Maternity Sadiq Buhari KWASAA Awoye Rotimi Atere 07039448763 Orisa Bridge Ishak Mohammed Sabi Yusuf Amuda Abubakar Government House A.G.F Abdulrasaq Apaokagi Is\'haq Modibbo Kawu Abdulmalik Bashir Mopelola Risikatullahi Oyun Kehinde Baale Oladimeji Thompson Moses Rahman Popoola Babs Iwarere Idris Amosa Saidu CACOVID Palliatives Muhammadu Gobir Umar Ahmed Gunu Neuropsychiatric Hospital Monthly Sanitation Lukman Oyebanji Fagbemi Oniyangi Kunle Sulaiman Mohammed Saidu Kwara State Government School Of Nursing David Oyepinola Adedumoye Magaji Are Hameed Oladipupo Ali Olabode Towoju Principal Private Secretary Okin Group Bilikis Oladimeji Ajakaye

