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.
Saidu Yaro Musa Government High School (GHS), Adeta Shehu Alimi Foundation For Peace And Development Olokoba Sulyman Idris Garba Ayeyemi Sulaiman Baaziki Sulaiman Akanbi-Oke Abiodun Musa Aibinu Yinka Aluko AbdulGaniyu Kareem Bayer AG Bayo Onimago Junior Secondary School Certificate Examinations Joseph Bamigboye Yusuf A. Usman Yahaya Seriki Pategi Isaac Aderemi Kolawole Mohammed Khadijat Kubura Baba Issa Awoye Saka Abimbola Isau Kwara University Of Education Isiaka Oniwa Olabanji Orilonishe Mohammed Halidu Neo Mundo Ltd Students Union Government Oloriegbe Is\'haq Modibbo Kawu Olumide Daniel Ibitoye Gbajabiamila Oniwa Apaola Kwarareports.com Kwabes Danhawa Tunde Yusuf Ishola Moses Abiodun Obayomi Azeez Umar Gunu Ballah Amusa Bello Adebayo Salami State Bureau Of Internal Revenue Busari Alabi Alausa Abubakar Kawu Baraje Ganmo Offa Grammer School Markaz Arabic And Islamic Training Institute, Agege Amosa Sebastine Obasi Waheed Ibrahim Ministry Of Women Affairs And Social Development Ibrahim Issa Jetti George Funsho Adebayo AbdulHakeem Ajibola Akanbi Ilorin Curfew Niyi Osundare REO CAKES Jimoh Akani Bayo Lawal Issa Oloruntogun Yusuf Amuda Gobir Laolu Saraki Owo Isowo Kayode Issa Olaoye B. Felix Mohammed Saidu Bayo Ajia Salihu Alhaji Musa COEASU Joseph Offorjama Oke-Kura Umar Ahmed Gunu Centre For Peace And Strategic Studies Sabo-Oke

