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.
Onilorin Aliyu Umar Hassan Oyeleke Olayinka Are Olajumoke Monsura Gafar Kwara Apc Apaokagi Adaramaja Ganmo Electricity Sub-Station Hassanat Bello Olatunde Michaels Raimi Iyanda Tunde Akanbi Segun Ogunsola Abdulmutalib Shittu ARMTI Ebun-Olu Adegboruwa Erubu New Model Police Station Abdullateef Abdussalam Azeez Salawu Government High School (GHS), Adeta Oya State Elections Sulu Babaita Isiaka Mumini Ishola Hanafi Dan Iya Of Ilorin Ilorin South UNILORIN Alumni Ilorin West/Asa Federal Constituency Salihu Jibril Garbi Ganiyu Taofiq Elerin Of Adanla Bola Sagaya Sa\'adu Salahu Bamidele Aluko Volunteers Of Ilorin Community And The Emirate Abdullahi Imam Abdullahi Taofik Abiodun Ahmed Plat Technologies Sulu Gambari Wahab Abayawo Nigerian Supreme Council For Islamic Affairs Toyin Abdullahi Sam Okaula IQRA College Yemi Osinbajo Unicontinental Construction Company Nupe Akanji Abdulganiyu AbdulAzeez Vasolar Consortium CLAY POT Ojo Fadumila Balogun-Ojomu Emir Of Yashikira Olayinka Oladapo Jogunola Abdulhakeem Adelaja Amao Alfa Modibo Belgore Ajeigbe COEASU GGDSS Pakata Ethical College Oloriegbe Monsurat Omotosho Muritala Awodun Roseline Oni Aremu Ahmad Ali Wasiu Onidugbe Wahab Isa Olusin Of Ijara Isin Onilupeju Of Ilupeju Patigi Regatta Abdulrasheed Akogun Ilorin General Hospital Muhammad Ghali Alaaya Balogun Ajikobi

