With the recent cash flow in banks across the country, thanks to Nigeria Labour Congress, POS Operators in Benin City, Edo State are now charging their customers, 1k for for every 10k withdrawn particularly in New Benin Market area. This amounts to 10% of one's hard-earned money!

The painful aspect of it is that most of these greedy people withdrew this money from the banks without charges!

The Federal Government and the Central Bank of Nigeria should do something about this ugly trend for sanity sake.

Edo can never be Lagos truly

For real.

helinues:
Edo can never be Lagos truly

DaddyCash:
For real.

That question seems dumbo.. More like telling a blind man it's raining

How do you mean?

helinues:


That question seems dumbo.. More like telling a blind man it's raining

DaddyCash:
How do you mean?

Mo mi agbado

I collect 3k with 900 in Lagos

Its getting better then

Its getting better then, gradually it will be resolved fully

helinues:
Edo can never be Lagos truly

Commander general of Al zombies.

Koralords:
I collect 3k with 900 in Lagos

I collected 5k with 800Naira charge. I asked the lady to explain why, and she couldn't.

Nigerians are cruisers!

Nigerians are naturally greedy

Eventually everything will fozzle out but not yet.

You can't blame the POS operators as this isn't their fault.

They spend 5 hours inside banks to get cash. That means a large part of their productive hours have been removed and they have financial obligations to meet so they increase their charges so that they can cover those lost hours.

When people can get cash without staying long inside banking halls, their charges will reduce

POS AND CASHLESS POLICY IS EMEFIELE'S ABRACADABRA.

EMEFIELE SHOULD BE IN JAIL YESTERDAY.

You can also go to the bank to withdraw the money if you think it's that easy to get the cash in the banking hall.

sulaimon22:
You can also go to the bank to withdraw the money if you think it's that easy to get the cash in the banking hall.

I withdrew from ATM few days ago but yesterday I was in a small hurry so I told the lady to give me just 2k and she said ₦500 I was about leaving, she was begging me to come that she'd take 400. I said when these ATMs are paying? She said I should use the ATM then, I just looked at her and left. If not for God I would've told her words she wouldn't ever forget. They're desperately trying to do last minute cashout before it's all over

Mynd44:
Eventually everything will fozzle out but not yet.

You can't blame the POS operators as this isn't their fault.

They spend 5 hours inside banks to get cash. That means a large part of their productive hours have been removed and they have financial obligations to meet so they increase their charges so that they can cover those lost hours.

When people can get cash without staying long inside banking halls, their charges will reduce

most ATMs are paying here. You'd spend highest, 20 minutes on the queue. I used to defend them but this is just greed

Una get luck, them dey collect 40 percent for our side

Still Two-hundred per a thousand naira here.

The cash never circulate like that.

Mynd44:
Eventually everything will fozzle out but not yet.

You can't blame the POS operators as this isn't their fault.

They spend 5 hours inside banks to get cash. That means a large part of their productive hours have been removed and they have financial obligations to meet so they increase their charges so that they can cover those lost hours.

When people can get cash without staying long inside banking halls, their charges will reduce

na the real Mynd44 be this or an impersonator?

Spirit04:
most ATMs are paying here. You'd spend highest, 20 minutes on the queue. I used to defend them but this is just greed

why not stay and withdraw instead of going to a pos merchant?
You can avoid the drama and name calling by going to the atm yourself