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.
Sa\'adu Salau Atunwa Iyiola Oyedepo Yahaya A Paniyaro Forgo Battery Mope Dasuki Belgore Kayode Zubair Taibat Ayinke Ahmed Abdulwahab Oba Simon Sayomi Crystal Corner Shops Ethical College Alagbado Halimah Perogi Ijagbo Health Centre Oja-Oba Harafat E. Mukadam Ilorin Likeminds Foundation Is\'haq Modibbo Kawu Rachael Obisesan Maryam A. Garuba Tsaragi/Share Emir Of Yashikira Playing Host Elerin Of Adanla Irese Innocent Okoye Saliu Oluwole Senior Special Assistant On Student Affairs Titus Suberu-Ajibola GRA Women For Change And Development Initiative Emir Of Shonga Kwara State Printing And Publishing Corporation Sulyman Age AbdulKareem Akanji Oloje Earlyon Technologies Oyin-Zubair Simeon Ajibola Busari Alabi Alausa Village Alive Development Association Olatunde Jare Hassan Oyeleke Age AbdulKareem Yusuf Arowosaye Adamu Attah Dasuki Belgore Umar Ahmed Gunu Shero Abdullahi Imam Abdullahi Dogara Tunji Moronfoye IYA ALFA NLA Dorcas Afeniforo Mohammed Tunde-Jimoh Yusuf Abdulwahab Sai Kayi Taiwo Joseph Abdulrosheed Okiki Bukola Ajikobi Yakub Lai Gobir Tunde Saad Okeose Christian Cementary Musbau A. Akanji Suraj Tunji Oyewale Erin-ile Ibrahim Abikan Buari Edun Sola Saraki University Salman Suleiman Razaq Ayobami Akanbi Habeeb Saidu James Ayeni Lawyers Unite Against Corruption Moro Olomu Sulyman Tejidini

