There is a growing rage among residents of Ibadan, Oyo State over the sudden introduction of a 10% charge per transaction among Point of Sales (POS)
DAILY POST reports that residents of Ibadan have been experiencing a scarcity of cash in the last few weeks following the CBN cash swap Policy.
The apex bank through its Governor, Mr. Godwin Emefiele, stated that all banks are to accept the deposit of old Naira notes without charge and load ATMs with the redesigned banknotes. Thie increase has been attributed to the shortage of cash in the last few days, because of the inability of some of the ATMs to dispense and the inability to withdraw money in the banking halls.
A resident of Ibadan, Mr. Deji who spoke with DAILY POST on Tuesday narrated that he paid N1,000 to withdraw N9,000.“It is too bad. I paid N1000 to withdraw N9,000 at Adamasingba. We are not happy, there is no cash, ATMs are not dispensing cash POS operators are extorting us. Mrs. Olayinka who spoke with DAILY POST on Wednesday in her remarks said the increment of the transaction charges has increased the suffering of the people of the ancient city.
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