In spite of the order given by CBN on POS charges, the Road Side POS Terminal operators still take 30% or more as charges for cash withdrawals.

The CBN should as a matter of urgency approach this matter sternly by making cash available at commercial banks and also asking the staff of these banks desist from owning POS terminals for cash-in, cash-out transactions.

The masses are being exploited by these POS operators who take advantage of the present cash crunch to inflict untold hardship on the common man.

This evil practice must stop!

POS agents don't have money in my area. If you want money, just parley with a seller to give cash at the same rate too.
Since yesterday I haven't had any cash with me. Everything I buy is transfer.

imagrg:
In spite of the order given by CBN on POS charges, the Road Side POS Terminal operators still take 30% or more as charges for cash withdrawals.

The CBN should as a matter of urgency approach this matter sternly by making cash available at commercial banks and also asking the staff of these banks desist from owning POS terminals for cash-in, cash-out transactions.

The masses are being exploited by these POS operators who take advantage of the present cash crunch to inflict untold hardship on the common man
.

This evil practice must stop!

Broseave them na bastardz Dem b nemesis go soon catch up with them

We must retire these men that have brought so much suffering and hardship to Nigerians.

Labor Party from Top to bottom on Saturday

Both the POS operator and you that accepted to pay such ridiculous amount are both STUPlD, MAD AND IRRESPONSIBLE.

Since this BuharìCow and Eme-failure madness started, 98% of my transactions and payments have been through POS or transfer.
Anyone who wouldn't accept any of those two should go and fụçƙ themselve.
Why would I pay 30% INTEREST FOR POS? GOD FORBID!

THAT POS OPERATOR IS SUPPOSED TO BE SERIOUSLY BEATEN AND LATER ARRESTED.
AND YOU THAT PAID SUCH RIDICULOUS AMOUNT SHOULD BE SLAPPED AS WELL.

NONSENSE!

Beremx:
POS agents don't have money in my area. If you want money, just parley with a seller to give cash at the same rate too.
Since yesterday I haven't had any cash with me. Everything I buy is transfer.

Upon all your rants and support for Atifkū, so he didn't give some cash at the end?

We've been collecting it like that ever since the cashless policy came on board.

Lol this Policy as really made our life not to remain the same again,..

Bring all your old notes. I'll buy them

Apc and PDP government na bastard with their supporters na me talk am . Mtcheew

Mini looting

For this Benin wey people don dey accept old money

Somebody paid me 10k with old 1000 currency and I accepted.

I used it to buy other things too.

Even GT bank for sapele road na old money their ATM pay today

My only question is, what EXACTLY did this whole naira redesign achieve?? Can someone really tell me one strong point? Just one? Or are we going through all of this for nothing?

It is not a must you patronize POS operator, go into the banking hall.

E don red o.

They are even demanding the 30% on old currency in my area. Corruption is a birthright in Africa, you can't reduce it to zero.

We dey suffer, my own business has crumble badly ... Emiefele! Emiefele!! Emiefele!!!

Obifraud POS operator be dat.

1. That shows the level of greed inherent in humans, but that is equally fueled by desperation. I operate a POS business and have sworn never to buy cash or sell it; when I get cash, I dispense the little I can and rest and have equally sworn not to buy cash from anyone in the name of withdrawing from POS, if you have a service I need and would not accept transfers and at no extra charge, I move to the next person or forego the need unless it is live saving.
Do not buy money from POS operators, if people don't buy they won't keep selling.

2. It is foolish for the CBN to dabble into regulating POS operators; and in this case almost everybody is guilty, the storekeeper sells cash, the keke operator, the fuel attendant.... everybody!
The CBN should be more concerned about making cash available in the banks and circulating therefrom as it were in past and not running after POS agents that people now look up to for the little cash they give when banks have failed

Well, not their fault... I heard some of them actually 'buy' that dough.

How Na?

NOt Only in benin.

This is very correct

I withdrew N7000 and paid N9,100 at Total Petrol Station New Benin today. They say charge is N300per N1,000

Buhari’s Administration incompetence will be studied at Universities by generations yet unborn, a dark era where Nigerians suffered beyond reason and used their naira to buy naira. History will never forgive the daura dull.ard

benitwater:
Obifraud POS operator be dat.

Uncle, You suppose don get sense na... Haba

People need to be patient. In few more weeks things go balance.

CBN need to flood the banks with the money both old and new.

Nigerians are the number one problems of Nigeria 🇳🇬.
God help Nigeria 🙏

Nigerians are the problems of Nigeria.......for real!


Greed and Dishonesty, the two main problems of an average Nigerian.
Read along to understand our reasons for saying so......

(N.B : If you are a fraudster and criminal on Nairaland,
Skip to the next post or you may not survive reading this)

*HOME TRUTH*

I run a manufacturing business and a trading business.
The biggest challenge in my manufacturing business is not power, or infrastructure, the biggest challenge is getting honest staff. Everyone we hire appears to be on a mission to steal as much as possible. Inflated invoices, recording less than the actual number of units produced. The worst part of it all is that all the fraud we've uncovered is not done by a single person, it's usually many staff who collude with each other, from production, to sales, to finance, even top management. There was a year I overhauled management 3 times in a year.........
But me, I've found a solution sha, I now use Indian management. So competent, so honest and so straightforward. I thought they were expensive at first with all the visa fees, accommodation, house staff, but now that losses due to staff theft have been reduced to a minimum, and efficiency increased, the Indian management has turned out to be cheaper than the previous Nigerian management. Now, all sensitive positions involving money go to Indians. Nigerians are only allowed in non-sensitive positions. I used to criticize companies like Dangote Group that hire so many Indians when there are many unemployed Nigerians, but now, I understand their decision.

My biggest challenge in the trading business is the same, getting honest staff. The form of trading occurs in the open market, and involves staff having access to huge sums of money running into a few millions. I know how much I pay to security companies to provide escorts for the staff, not to prevent robbery, but to ensure that the staff go straight to the bank to deposit the money after the day's sales and not disappear with my money. This money spent on security companies is even enough to be declared as profit. We have to spend on CCTV, biometric scanners and other things that wouldn't be needed if staff weren't looking for the slightest opportunity to steal.

It got so bad at a point that my main criteria for employing staff was no longer competency but honesty. At least, competency and skills can be learnt, but once you're dishonest, you're dishonest.

We always complain of the economy and how there are no jobs. I know people abroad who would have loved to set up job creating businesses in Nigeria but they can't because they can't get any trustworthy person to run it.

I know people in Nigeria with so much money, they want to start factories and other job-creating businesses but they can't because they are occupied elsewhere and can't get any trustworthy person to run the business. So instead of investing in the real sector and creating jobs, they'll just buy treasury bills, while the thieves are shouting no jobs.

Many big businesses would have been born in Nigeria if we could engage in partnerships, but we cant because you can't trust anyone. This is one advantage the Indians and Lebanese have over us in Nigeria. They can pull resources together and do mega-business, unlike Nigerians that because only one person must do everything since we can't partner, end up with small, tiny businesses.

Start a poultry and they will be stealing your eggs. Some will even go ahead to be killing the chickens so that they'll be allowed to take them home.

Start an entertainment/viewing/game center and they'll be pocketing your money. On the days you're around at the business, the money realized will be x10 of the money realized when you're not around..... Because they're eating your money.

Lease out a vehicle to a driver to use and watch as he'll finish you.

Start a restaurant, the same thing will happen. More than half of the total food ingredients will end up in their personal kitchens.

Even ordinary provisions shop, they will find a way to steal.

You'll see them with that their evil, wicked saying "na where person dey work, na there e dey chop, na e make dem dey callam workchop/workshop"...... Just imagine, justifying theft at work.

And you'll see these people point their crooked fingers at politicians when they're not any different. I usually say the reason most Nigerians haven't stolen billions of government money, is simply lack of opportunity.

*On every level, Nigerians are the problem of Nigeria*.


If the truth wanna kill the online fraudsters and criminals we have on Nairaland,
you guys should better die now.
We will continue to hit your head as much as we can with the truth and be against your fraudulent lifestyle ALWAYS.
For all the scams you have scammed innocent people all over the world, and they end up committing suicide or becoming homeless, and y'all here thinking you are living large, kid you not, you will never enjoy that fraudulent money, it will lead you to your grave soonest. (You can keep hating honest, and hardworking members on this forum, but some of us will continue to kill you with the truth.)
Only if God doesn't exist.
Thieves, Barawos everywhere.



**********************************


GREED!!!

When we say we are our own problem they start grumbling.....

Okay listen to these examples:

1. You sell chicken and add over 40% profit ,you are happy forgetting that the person that bought the chicken sells tomatoes and pepper.

2. The tomatoes and pepper seller has to recover the excess she paid for the chicken, so she adds her own 42% profit margin.

3. Teacher will come and buy these 2 items with what? She has no other alternative than to increase lesson fees or school fees.

4. You will go and rent house from a landlord who has paid excess for cement, sand, chicken, tomatoes and pepper, lesson fees, how will he meet up if not by increasing his house rent by 60%.

And the circle continues, it is not about dollars, dollars is just an excuse, abi wetin concern garri, beans and yam with dollars.

The problem is you and I and our excessive greed.

Xhuntra:


Seun lalasticlaIa mynd44 OAM4J
Rule 1. Derailing the thread

Only a fraudster or criminal will be wailing about our above post.
We hope you ain't one of them kiddo?
If so, we understand your weeping about the honest truth.
No wonder you are your fellow children are always wailing and in serious pains reading our posts here.
The earlier, the better for you.
Advice from the elders

Stormtrooper11:

Your right,but we got good ones too

Sure we do get the good ones among the youths.

heyhey2016:
I like your answer

Only sane, honest and hardworking Nairalanders like you will definitely like our answers and comments,
Not the miserable fraudsters aka, children of hate, frustrations and perdition that abound here.
God bless your legit hustle man.
It will end in praise for you.


Addendum:
The below are screenshots from a very recent party we went to grill Barbecue for one of our clients we met on Nairaland,
And the below are the amount of meats the food caterer hired for the event stole, ready to take home with her.
After telling people at the party that beef has finished!
(After being paid close to 2 Million Naira for her catering job!!)
A picture speaks more than a thousand words.
Shame on her and her online criminals here.....

The annoying part is that it's not even the new notes o

Two weeks ago I was charged same here in lekki
Tears nearly commot for my eye
The pos operator was like
If you no want like that leave am.

Just imagine. It might not be their fault sha since they said they're also buying the cash in order to remain in business.

I thank God I didn't find myself in such desperate need for cash this period.