Cash Scarcity: Commercial Banks’ Staff Selling Naira Notes To PoS Operators – Activist Alleges

Following cash crunch in Nigeria, a Kogi State born political activist and immediate past House of Representative candidate for Dekina/Bassa federal constituency, Usman Okai Austin, on Tuesday accused some Senior staff of commercial banks are selling money to operators of Point of Sales, PoS, operators.

Okai said it’s now obvious that the PoS terminal are active while the commercial banks are cash drained.

In a statement he signed, Okai said: “The story that the CBN is not given them enough cash or is not meeting up with their demand for cash is a mere story.

“Some commercial Banks are selling money directly to some important personalities, whom they are charging #250,000 on #2,000.00, it’s a venture for them and they are making money from it.”

N103.7b

Okai further added that the blame game on the Central Bank of Nigeria, CBN, is mere deception, insisting that the commercial banks blaming apex bank is mere deception.

He added: “I am not speaking for CBN neither do I blame them, but we should own up the truth and tell our self the truth.

“If commercials banks want us to get money from ATM they will load it, they should stop using PoS as their new business in town, the citizens are suffering untold hardship and this is common among small small business women and men that goes to market.

“Meanwhile citizens have continued to suffered due to this unholy practice which nighter do the CBN, Commercial Banks and POS owned up for Nigerians to know the truth,” he added.

Click here to watch our video of the week:

---

Advertise or Publish a Story on EkoHot Blog:

Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.

Citizen journalists will receive a token as data incentive.

Call or Whatsapp: 0803 561 7233, 0703 414 5611