The operators of the Point of sale (PoS) have revealed that bank officials were selling cash (both old and new naira notes) to them, which has caused them to increase their own charges.
Some of the operators on Friday in Abuja said they paid huge amount of money to get the cash out of the banks.
They said this has caused them to inflate their charges for their customers.
They also called on the Central Bank of Nigeria (CBN) to sanction banks that are selling cash to members of the public.
A POS operator along Nyanya-NNPC road, who spoke as anonymous said : ”I paid a very high amount to get this money that I am giving to customers. If you look around here, other operators did not open”.
”The woman (bank official) that I collect money from even increased the money today because she said that cash is scarce and she kept it for me because I called her earlier to do so.
”I pay according to the amount I collect. Sometimes, I pay as high as N5,000 for N50,000 to N70,000 that I collect from her.
”I charge N500 for every N5,000 withdrawn and N1000 for every N10000 withdrawn for me to recover what I spent to collect the money.”
Nnedi Ikonye, an operator of PoS along Lugbe, said she was required to drop the sum of N3,000 before making a withdrawal of N65,000 in a bank.
”I was asked to pay N3,000 for the N65,000 that I withdrew from a bank and that is because I know someone in that bank,” Ikonye explained.
“That is just a token compared to what my colleagues are paying. They pay more because they don’t know people in the bank.”
Another operator who spoke as an anonymous said: “In some banks, ATM will not work even though they are loaded with cash,” the operator said.
“During close of work, the bankers will turn the machine on and queue to withdraw from the machine.
“The annoying thing is that one banker can hold like 10 different ATM cards and will withdraw from all of them. This is frustrating.”