• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Customers allege bank officials’ connivance with PoS operators

PoS

The Matters Press by The Matters Press
April 1, 2023
Reading Time: 2 mins read
0
N43tn e-payments made in Nigeria

POS

Some bank customers on Friday alleged that bank officials were conniving with Point of Sale operators (PoS), to make it difficult for them to easily have access to cash from Automated Teller Machines (ATMs).

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

They said in Ikotun, Alimosho Local Government Area in Lagos State that the POS operators usually get preferential treatment from bank securities and officials whenever they come to withdraw cash.

They also alleged that PoS operators usually withdrew more than the stipulated amount from the ATM stands and sell to people around the banks at exorbitant rates.

Chief Kayode Adedeji, an ex-military man, said he had been coming to FirstBank, Ikotun, over a week, to withdraw cash but to no avail.

“This branch, in particular, have been frustrating people; we come here everyday, but they always say there is no cash.

“They keep telling us that there is no cash.However, you see some of their staff coming out with cash to give to a PoS agents.. This is wickedness, ” he said.

Mr Fidelis Nwafor, a clock repairer, also spoke in the same vein.

“The money that banks would have given to people, were being sold to PoS agents. Look at me, I have been coming to this bank since Monday, yet, I can’t get any cash. Tell me how corruption will end in this country? he queried.

Similarly, Mr Stanley Uzoma, a trader in Ikotun Market, alleged that bank officials around the area connive with police officers as they usually shunt the queues.

“The police normally jump the queue to get cash for the PoS operators, while customers can not complain because of their uniforms. This is not nice.

“We are in a terrible situation in this country. Now, we know those working against the masses. Those who we felt were protecting our interest were really not doing so.

“I wish something can be done to address the excesses of these PoS operators, ” he said.

Mrs Oluremi Barakat, also a trader in Ikotun Market, noted that banks securities always pamper PoS operators by giving them preferential treatment.

“Sometimes, we would be on the queue and the next thing, a security man would just come from inside the banking hall and call a particular person from the crowd.

“When we ask why, he would tell us that the person had been here since 5 a.m. to write his name and pick a number,” she said.

PoS operators go to banks with many ATM cards and they do not leave the boots untill they are through.

Some PoS operators lined up in front of the bank and were chanting “PoS, PoS” to the frustrated and angry crowd.

The PoS operators also charge N12,000 for N10,000 and N6,000 for N5,000.

It was observed that other banks, Guaranty Trust Bank (GTCO), Stanbic IBTC, Sterling Bank, Access Bank, Ecobank and Zenith Bank among others pay more to their customers.

Tags: POS
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
Fraud in banking sector, mostly insider instigated

Customers want banks to improve, strengthen complaints resolution

ANAMMCO to manufacture vehicles that will satisfy consumers

ANAMMCO to manufacture vehicles that will satisfy consumers

Recommended Stories

Nigeria regains top crude oil production spot in Africa

Oil theft: Firm urges FG, multinationals collaboration

November 12, 2022
NIPC begins validation of investors’ readiness to invest in Nigeria

NIPC partners with Katsina state to boost investments in agriculture, mineral

January 9, 2024
Missing fighter jet found dead

Missing fighter jet found dead

March 27, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us