AHMED KAIGAMA FROM NEWS DIARY ONLINE
Less than seven days to the deadline of the redesigned naira by the Central Bank of Nigeria (CBN), some Point-of-Sale (POS) operators in Bauchi have increased charge for transaction in the old bank notes.
A check by the News Agency of Nigeria (NAN) in Bauchi on Tuesday showed that POS increased deposit charge by about 50 per cent.
The operators are now charging between N150 and N200 for N5,000 and N10,000 deposits as against N100, respectively.
While others simply refused transaction in the old naira notes few days to the Jan. 31 deadline.
A POS operator, Mrs Grace Simon said she rejected the old naira because it was difficult for her to deposit it in the banks due long queues of customers.
“There are maltitude of customers in the banks, you have to spend several hours on the queue to deposit the old naira notes.
“Honestly; I don’t have the strength, and that is why some of us increased charges for old naira notes.
“The charge for transaction in the new bank notes still remain the same,” she said.
Another POS agent, Aliyu Babayo said they rejected the old naira notes inview of the new cash withdrawal policy.
“You can only withdraw limited amount of money on the counter which is not enough to meet daily transaction…
