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.
While lamenting over exorbitant charges on every transaction they make at POS points, Kaduna residents are now calling on the CBN to extend the deadline for at least one week.
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.
At one of the POS stands visited by the Guardian to monitor the mode of transaction and figure out how much is charged on each deposit and withdrawal,…
Read More