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.
Majlis For Sadaqah, Zakat And Waqf Sobi Kwara State Branch Of The National Library Abdulrahman Abdulrazaq Yaru Raymond Olaitan Emir Of Ilorin Elerinjare-Ibobo 3MTT Ayotunde Emmanuel Alao Toyin Falola Dagbalodo IF-K Ilorin Likeminds Foundation Toyosi Thomas Ilorin West Ilorin Anchor Men And Women Olupako Of Share Cassava Growers\' Association Transition Implementation Committee Olabanji Orilonishe Amusement Park Age AbdulKareem N-Power Radio Kwara Oba Sulaiman Asude Ilorin Like-Minds National Union Of Road Transport Workers Agboola Babatunde Agor Market Okeose Christian Cementary Oyedun Juliana Funke Abdulazeez Arowona Offa Grammer School Ayobola Ipinlaiye Modibo Kawu John Obuh Muhammadu Buhari Mahmud Ayinla Giwa COVID Olabimpe Olani AbdulHamid Adi JAAC Dapo Teni Nig Enterprise Halidu Danbaba Kayode Yusuf Sheikh Ariyibi Playing Host Abubakar Abdullahi Bata Ilesha-Baruba Medview Airlines AbdulHakeem Ajibola Akanbi Oniwasi Agbaye Elerin Of Adanla Seni Saraki March 18 Moremi High School Paul Odama Olota Of Odo-Owa Samuel Adaramola Olomu Of Omu-Aran Bio Ibrahim Bankole Omisore Abdullahi Adisa Akodudu KFA Olomu Jani Ibrahim Rachael Obisesan Teachers Specific Allowance Adewuyi Funmilayo Muhammed Aliyu ER-KANG Mining Adamu Ibrahim Sabi Abubakar Baba Sulaiman Lafiagi Abdulfatai Ahmed Muftau Akanbi Oke

