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.
Chief Imam Of Lafiagi Chief Of Staff Osinbajo Ademola Kiyesola Kwarareports.com Olusin Of Ijara Isin Olokoba Abdullahi Ayinla National Association Of Nigerian Students Police Commissioner Madawaki Of Ilorin Lawal Arinola Kudirat Ike Ekweremadu Sardauna Of Ilorin Ijagbo Lukman Adeloyin Taofik Abiodun Ahmed Saliu Alamoyo March 18 Olayinka Oladapo Jogunola Aso-ofi Gbajabiamila Saadatu Modibbo-Kawu Amos Bajeh UITH Kwara Basketball Association Centre For Digital Economy Mope Dasuki Belgore Muritala Awodun Zaratu Umar Sarkin Malamai Jimoh Lambe Abdulkareem Biliaminu Aliu Muhammed Aliyu Sidikat Akaje Tayo Awodiji Yakub Ali-Agan Atiku Shagari Saudat Abdulbaqi Kwara Liberation Group Babatunde Ajeigbe Abdulkadir Akanbi-Oke Odogun Olushola Gabriel Tunji Ajanaku Nigeria Governors\' Forum Moses Adekanye Abdulrazak Shehu Akorede Babatunde Idiagbon Ilorin Amusement Park Tunde Idiagbon Road Mutawali Bareke Eleja Taiwo Banu Sarakite Ibrahim Mohammed Abatemi-Usman Umar Gunu Saadu Yusuf Baba Issa Awoye Abdulquowiyu Olododo Bello Bature Okala Baba Buhari Ibrahim Issa Jetti Rasheed Jimoh Kwara State Printing And Publishing Corporation Balogin Alanamu Adegoke Bamidele Jaigbade Alao Musibau Akanji Kwara State Television (KWTV) Alikinla Sayomi Kwara State Sports Commission Alfa Yahaya Road Aishat Mohammed Lawal Face Masks

