Banks in Umudike, Abia State , have pegged cash withdrawals across the counter at N20,000 for lucky customers.

CDA News reports, however, that the frustration of customers surrounding the new currency swap continues without any feasible end to the chaotic experience encountered at the bank halls and ATM points in the Ilorin metropolis.

Customers, who wished to swap their old currencies to new ones throng their various banks as early as 4.a.m and 5a.m and remain till 6p.m in the attempt to beat the extended February 10, deadline by the Federal Government.

Operators of POS have also increased their charges on withdrawals depending on the amount a customer intends to withdraw at a time.

A customer, who spoke to our correspondent, claimed that she was charged N2,000 for a withdrawal of N1,000 while another customer disclosed that he was charged N200 for withdrawal of N1,000.

Findings by Our correspondent further revealed that most operators of POS are unable to meet the huge requests of customers as they complain about paucity of cash.

The development has also collapsed some small scale business enterprises.

A male POS operator told our corresponding that on Monday it is the suffering the passthrough before getting this cash is theproblem

So many POS spots has shutdown due to no money but the once operating are charging wickedly.

(CDA NEWS)
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