As the old currency deadline approaches, many have turned to social media to talk about how POS agents are taking advantage of the opportunity.
Social media users have reported that POS agents are charging exorbitant prices because the new currency is scarce and still has not circulated well.
A Twitter user said he transacted N20,000 with a POS agent and was billed N2000 for it.
Social Media Reactions to How POS Agents are Exploiting Nigerians Over New Naira Notes
Andrella Faith wrote: ” Went to use the Pos & the lady charged 500 for 5,000 instead of 100 Naira. She said it’s because it’s the new money.Anyway I have withdrawn new money at the normal price. I went back to tell her that she’s a very greedy, selfish & wicked citizen. She was embarrassed.”
Titilayo Lavender reacted: ” It cost me 200 naira to withdraw 5k😑 I asked the pos lady why and she said because there’s no money outside.”
Dotun Onanuga said: ” See how banks handled this thing with the POS business, and still made money. It is beautiful. Forget people (like me) speaking dogon turanci, once you hack this suffering and smiling thing, you are set for life. It’s a nation of the mentally conquered.”
Shiktra Fori said: “The POS withdrawal lady said she’s not doing transactions of more than 2k per person, and I don’t understand. Also, I found 700 naira in my pocket today, but I can’t spend it cause nobody wants old currency. New currency wahalur guys.“
Marcus Orio wrote: “2k naira to withdraw 20k new notes from POS is crazy, yet you went ahead to withdraw it. Do you know that if Mr A, B & C refuses to pay such an amount, the POS operator will have no choice but to reduce the price. We’re our own problem.”
