Barely three days before the deadline set by the Central Bank of Nigeria, (CBN) to phase out the old Naira notes, POS agents in Kaduna have begun to take advantage of new Naira notes' scarcity to demand extra charges on every transaction made by their customers.
Barely three days before the deadline set by the Central Bank of Nigeria, to phase out the old Naira notes, POS agents in Kaduna have begun to take advantage of new Naira notes’ scarcity to demand extra charges on every transaction made by their customers.
Already, some traders within the state have stopped accepting the old Naira notes since Thursday, citing difficulty to deposit them in the banks as their reasons. For instance, for every withdrawal of new anything from N1000 to N10,000 notes, N200 is charged to the POS agents instead of the fixed N100 charges.
However, one of the Kaduna residents, Shehu Usman who registered displeasure towards the extra charges, described it as an outright act of wickedness.
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