POS Operators in Ilorin Struggle to Source Cash Amid Statewide Crunch

Date: 2024-12-10

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.

Bello Bature     Ajibola Ademola Julius     Afonja     Kolade Solagberu     Unilorin FM     Adesoye     Yakubu Dogara     Popo-Igbonna     Sardauna     Ilorin Innovation Hub     AGM Professional Services     Olushola Saraki     Kulende-UITH     Aisha Abodunrin Ibrahim     Busari Alabi Alausa     Jimoh Lambe Abdulkareem     Abubakar Ndakene     Ahmed     Inside Kwara     Suleiman Idris     Okedare     Razak Atunwa     Kolawole Akande     Yusuf Babatunde Abdulwahab     Agbarigidoma     Saliu Mustapha     Okiki     Ogbondoroko     Haruna Tambiri Mohammed     Moshood Bakare     Kumbi Titilope     Ayedun     Yakubu Danladi     Vasolar     Issa Oloruntogun     08001000100     Afolabi-Oshatimehin Adenike Harriet     Mufutau Gbadamosi Esuwoye     Baboko Primary School     Odogun Olushola Gabriel     Lawal Jimoh     Tunji Oyawoye     HYPPADEC     Senate President     Shuaibu Yaman     Ezekiel Yissa Benjamin     Raliat AbdulRazaq     Hassanat Bello     Rabiu Kwankwaso     Oluwole Dupe     Centre For Peace And Strategic Studies     Jide Oyinloye     T And K FOODS     Medinat Folorunsho Salman     Budo Egba     Okanlawon Musa     Omoniyi Ayinla     Olayinka Jelili Yusuf     David Oyerinola Adedunmoye     Orire     Ilorin Talaka Parapo (ITP)     Abiodun Musa Aibinu     Oko     Curfew     Mohammed Danjuma     NITDA     Taibat Ayinke Ahmed     Atiku     Na\'Allah     Lotus Bank     Aliyu U. Tilde     Kwara Teaching Service Commission     Oniwasi Agbaye     Okoolowo     Government House     Aminu Adisa Logun     Tunji Ajanaku    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Iyeru Grammar School     New Model Police Station     Laolu Saraki     Smart School     Sa\'ad Alanamu     Abdulrasaq Alaro     Ilorin Emirate     Aliyu Sabi     Abdulganiyu Oladosu     Olohungbebe     Ekweremadu     Busari Toyin Isiaka     Ahmed Saidu Rufai     AbdulRahman Saad     11th Galadima     Vasolar Consortium     Kemi Adeosun     Ogbondoroko     Durbar Festival     Yemi Sanni     Yoonus Lawal     IDPU     KWIRS     Special Adviser On Digital Innovation     Lukman Oyebanji Fagbemi     Apaola     Salmon Babatunde Salmon     Mahmud Ayinla Giwa     Elesie Of Esie     Muhammadu Gobir     Neo Mundo Ltd     Afetu Of Alabe     Neuropsychiatric Hospital     Damilola Yusuf     Kunle Akogun     All Peoples Party     Kale Ayo     Gbemi Saraki     Gwanara     Abdullahi Imam Abdullahi     Towobola Abdulrahman Toyin     Mohammed Ibrahim     Medinat Folorunsho Salman     Yahaya Oloriegbe     Egbejila     Yakub Lai Gobir     Saidu Kawu     IYA YUSUF     Ahmed \'Lateef     Kayode Ishola     Esuwoye     Valsolar     Joshua Adeyemi Adimula     HICA     Aasiyat Bello Oyedepo     Osinbajo     Gani Saadu     Durosinlohun Atiku     Wahab Egbewole     Owo Arugbo     Emir Of Ilorin     Saadu Yusuf     Olupako     Sa\'adu Salau     Musa Ayinla Yeketi     Suleiman Mora Omar     Amina Susa\'a De Ahmed     Oba Abu     Aremu Bose Deborah     Abdulmumin Yinka Ajia     Quran     Oke-Kura     Yekeen Alabi     Federal College Of Education (Special), Afon     Ahmed     Eghe Igbinehin     Adijat Adebiyi