PoS operators still charging exorbitant fees despite cash availability
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in the Federal Capital Territory (FCT) satellite towns reports that they charged between N300 and N200 for N5,000 withdrawn.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Mr Chukwu appealed to the operators to return to the usual charge of N100 for every N5,000 and N10,000 withdrawn.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
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.”
Health
Female circumcision attracts four-year jail imprisonment: NAPTIP
NAPTIP noted that an attempt at female circumcision attracts two- year imprisonment.
States
Police kill suspected kidnapper, rescue two kidnap victims in Delta
The police spokesperson said the police also nabbed a suspected robber and recovered a pistol from him.
States
Two notorious carjackers nabbed in Nasarawa, five vehicles, charms recovered
The suspects have been on the wanted list of the command for the past few months.
Hot news Home top
Ekiti: Jealous husband hacks wife to death over alleged adultery
The fatal encounter was confirmed by the police on Saturday.
Heading 4
Benue ex-governor Suswam opposes state police in Nigeria amid abuse concerns
The politician feared governors would misuse local police powers for political ends.
Heading 3
Governor Aiyedatiwa’s campaign manager shot dead as violence envelopes Ondo election
The police are investigating the Saturday evening murder as an assassination.