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.
Busari Toyin Isiaka Hamid Bobboyi Onilupeju Of Ilupeju Ganiyu Abolarin New Model Police Station Razak Atunwa Ahmed Shuaib Buranga Students Union Government Osuwa Harmony Holdings Sadiq Umar Alliance For Democracy Iyeru Grammar School Halimat Yusuf Rotimi Atere Titus Ashaolu Oniyangi Kunle Sulaiman Ballah Taofeek Ibraheem UNILORIN Alumni Association Osi Kolo Aliyu Olatunji Ajanaku Ramat Oganija SSA Youth Engagement Kwara Poly Ali Ahmad Leke Ogungbe Www.Kwarareports.com Sabitiyu Grillo Ayo Opadokun Okedare Muhammed Mahe Abdulkadir Aasiyat Bello Oyedepo Smart School Bello Bature Oko Madawaki Of Ilorin Aisha Gobir Tunji Moronfoye Deji Ajani Air Peace ASKOMP Mutawali Of Ilorin Oloje Moremi High School Ilorin Muslim Community Ilorin Descendants Progressive Union Mary Kemi Adeosun Hamidat Sulyman-Yusuf Adewuyi Funmilayo Jumoke F. Ajao Turaki Of Ilorin Umar Ayinla Saro Mary Arinde Ilorin Amusement Park Pakata Development Association Ayodele Shittu Ramadhan Yakubu Dogara Najim Yaasin Sa\'ad Alanamu Ishola Moses Abiodun Akorede Lateef Fagbemi Joshua Adeyemi Adimula Yomi Ogunsola Galadima Saka Aleshinloye Kwara State Polytechnic Isin Aisha Abodunrin Ibrahim Reuben Paraje Aliyu Adebayo Agbarere Rex Olawoye Oko-Erin

