₦airaland Forum

Over 50 per cent of Point of Sale operators have closed their shops as scarcity of new and old naira notes bites harder, it has been learnt.

The National Chief Aggregating Officer of the Association of Mobile Money and Bank Agents in Nigeria, Hussein Olanrewaju, who made this disclosure on Monday, said the impact of the ongoing shortage of new and old naira notes had worsened the plight of their members.

While noting that agents should be given preferential treatment in access to the new notes, he lamented that some Nigerians had taken advantage of the situation to charge unreasonable fees.

He said, “Operators are licensed bodies that provide platforms which agents leverage on. Currently, agents do not have any preferential treatment to deliver this service, hence, more than 50 per cent of agent shops have been closed down as we speak.

OkutaNla:
Lol. Peter Obi the false messiah (who happens to own a large stake in Fidelity bank, and has unfettered access to the new notes) has told them and other suffering masses to keep suffering and smiling while enduring Emefiele's policy, while encouraging the remaining 50% POS operators that are still fleecing hapless Nigerians to keep at it, because he hopes the policy would favour his electoral ambition.

But they shouldn't worry, president Tinubu will surely alleviate their suffering after taking office.

ryloy:
Over 50 per cent of Point of Sale operators have closed their shops as scarcity of new and old naira notes bites harder, it has been learnt.

The National Chief Aggregating Officer of the Association of Mobile Money and Bank Agents in Nigeria, Hussein Olanrewaju, who made this disclosure on Monday, said the impact of the ongoing shortage of new and old naira notes had worsened the plight of their members.

While noting that agents should be given preferential treatment in access to the new notes, he lamented that some Nigerians had taken advantage of the situation to charge unreasonable fees.

He said, “Operators are licensed bodies that provide platforms which agents leverage on. Currently, agents do not have any preferential treatment to deliver this service, hence, m


https://punchng.com/50-pos-operators-close-shops-over-naira-scarcity/

Why Are The Naira Notes Now Scarce? (Video)

Many Nigerians have complained about the difficulty of getting the naira notes, as POS operators take advantage of the situation to inflate their charges on withdrawals by more than 1000% in several instances.

But why are the naira notes hard to get now? Readers should take note of the fact that a great part of the old notes have been mopped up by the CBN, which leaves only a few old notes and the new notes as options. The video looks into the major means by which the distribution of the new notes is being sabotaged.

https://www.youtube.com/watch?v=kcy740S1XJk

Moh247:
How do they make profit on 20k per day

EzeNwaanyiMmili:
Tinubu is a criminal

ryloy:
https://punchng.com/50-pos-operators-close-shops-over-naira-scarcity/

Haakeem:
If only they would convert to Islam whole heartedly and perform their 5 daily prayers regularly.
There is a dua they would do and money would find it way to them💰.
Christianity would do you no good.
Convert to Islam, The religion of peace 🤝

ryloy:
https://punchng.com/50-pos-operators-close-shops-over-naira-scarcity/