Tuesday, April 16, 2024

PoS operators still charging exorbitant fees despite cash availability

A correspondent who monitored some PoS points in the Federal Capital Territory (FCT) satellite towns reports that they charged between N300 and N200 for N5,000 withdrawn.

• April 10, 2023
Point of Sale (PoS) outlet
Point of Sale (PoS) outlet

Some Point of Sale (PoS) operators still charge above the usual service charge despite the Central Bank of Nigeria’s directive.

A correspondent who monitored some PoS points in the Federal Capital Territory (FCT) satellite towns reports that they charged between N300 and N200 for N5,000 withdrawn.

Romanus Chukwu, a customer seen at one of the points in Nyanya, said the charge was still much compared to before the cash crunch.

Mr Chukwu appealed to the operators to return to the usual charge of N100 for every N5,000 and N10,000 withdrawn.

Another customer, Agnes Ike, appealed to the CBN to look into the situation to curtail extortion by operators.

Meanwhile, a PoS operator in Nyanya who pleaded anonymity said the high cost was still a result of insufficient funds given to them in the banks.

”Some banks will give you only N20,000 while some will give N40,000.

”Sometimes, I go to three banks to be able to get the money that I will use for my business, so I include all my expenses in the charges,” she said.

The CBN had said it would withdraw the licences of PoS agents found guilty of inflating charges on customers who withdraw money from them.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

NAF aircraft

NationWide

NAF airstrikes eliminate 30 terrorist kingpins, fighters in Lake Chad

Mr Gabkwet said that among those neutralised were some senior commanders of the insurgents.

National Youth Service Corps (NYSC)

States

NYSC deploys 2,172 corps members to Bauchi

The coordinator said discreet screening of the corps members would be conducted.

Gavel used to illustrate the story

States

Farmer jailed six months for stealing steel rod

During a police investigation, the steel rod was found in the convict’s possession.

Enyimba FC and Heartland FC

Sport

Enyimba ready to humble Heartland FC today: Player

“This is a game I personally want to win being my first Oriental Derby in Enyimba International FC colours.’’

National Human Rights Commission (NHRC)

States

NHRC gets 130 human rights complaints in Kano

“Mr Abdullahi urged couples to be more patient with one another.’’

Court

States

Student bags six-month jail for stealing gas cylinder

Mr Bokkos gave the convict an option of N20,000 fine.