₦airaland Forum

The Federal Government of Nigeria should either enforce stringent measure to curtail the exploitative practices of POS operators or put a total ban on the operation of roadside POS operators. If such measure is not obeyed, the Companies in charge of such terminals should have their licences withheld if they cannot effectively control their agents.

It has been observed that since roadside operation of POS terminals, cash have become scarce in banks and ATM terminals across the country. Reports also have it that almost all workers in the bank operate Roadside POS terminals where they have young girls running it on their behalf. They freely trade with bank money at the detriment of bank customers who stand endlessly on queue to withdraw their hard-earned money.

Except the Federal Government and The Central Bank of Nigeria take drastic step to stop these shady practices, cash scarcity and buying of ones money would remain.

Nigerians would have to decide what kind of society they want to build.

Exactly. In my opinion they should be banned for now until the society goes back to normal. That is the only way, money can really circulate again, makachuks.

Why not ban corruption in politics first? Must you target the lowly placed in society?

You have no contract with POS operators but you bank as far as getting your money is the issue. They are not forcing you to withdraw money from them. Your bank is there to serve. Why not go to them.

Typical Nigerian pursuing shadow.

LadyExcellency:
Why not ban corruption in politics first? Must you target the lowly placed in society?

Don't mind him.

a4cube:
You have no contract with POS operators but you bank as far as getting your money is the issue. They are not forcing you to withdraw money from them. Your bank is there to serve. Why not go to them.

Typical Nigerian pursuing shadow.

Oga the Op is 💯 correct! Stop supporting nonsense. They are the reason why money both old naira and new naira notes are not in circulation. Most of the bank staffs run POs codedly.

imagrg:
The Federal Government of Nigeria should either enforce stringent measure to curtail the exploitative practices of POS operators or put a total ban on the operation of roadside POS operators. If such measure is not obeyed, the Companies in charge of such terminals should have their licences withheld if they cannot effectively control their agents.

It has been observed that since roadside operation of POS terminals, cash have become scarce in banks and ATM terminals across the country. Reports also have it that almost all workers in the bank operate Roadside POS terminals where they have young girls running it on their behalf. They freely trade with bank money at the detriment of bank customers who stand endlessly on queue to withdraw their hard-earned money.

Except the Federal Government and The Central Bank of Nigeria take drastic step to stop these shady practices, cash scarcity and buying of ones money would remain.

how are those people doing pos at road side now problem, how many of them have cash to give..only God can help some to bounce back with this current situation...are they Government or cbn ni

Tiwaz2:
Oga the Op is 💯 correct! Stop supporting nonsense. They are the reason why money both old naira and new naira notes are not in circulation. Most of the bank staffs run POs codedly.

Keep on pursuing shadow. POS is not forcing you to withdraw from them. Go to your bank that is where you opened account and that is where to get your money from if you have any. If POS are owned by bank workers write to CBN to sanction them. Simple. Your govt made you to buy your money with your money and you are here blaming the pos agents.

Adiob200:
how are those people doing pos at road side now problem, how many of them have cash to give..only God can help some to bounce back with this current situation...are they Government or cbn ni

Don't mind the brainless children all over Nigeria that don't know their left from their right.