NewStats: 3,259,756 , 8,170,842 topics. Date: Sunday, 25 May 2025 at 10:40 PM 20s28

Point of Sales (POS) operators, under the aegis of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), Lagos state chapter, have increased charges for deposit and withdrawal.

With the new directive, Nigerians who want to deposit the sum of N1,000 and N4,900 will now have to pay service charge of N100; N5,000 and N10,900 will attract a service charge of N200; N11,000 and N20,900 will attract a service charge of N300; N21,000 and N30,900 will attract service fee of N400; N31,000 and N40,900 will attract service charge of N500 and from N41,000 to N50,000 will attract a service charge of N600.

For withdrawals up to N1,000 and N2,400, Nigerians are expected to pay a service charge of N100; withdrawal from N2,500 to N4,000 will incur a service charge of N200; withdrawal from N4,100 to N6,400, will incur a service fee N300; withdrawal from N6,100 to N7,400 will now attract a service charge of N400; withdrawal from N7,500 to N10,900 will incur a service charge of N500; withdrawal from N11,000 to N14,400, will attract a service charge of N600; withdrawal from N14,500 to N17,900 will be subject to a service charge of N700 and withdrawal from N18,000 to N20,000 will now attract a service charge of N800.

The new price list was unveiled at the 4th Annual AMMBAN Lagos Symposium themed “the impact of cashless policy on mobile money & agency banking.

The chairman of the AMMBAN, Lagos state chapter, Abiodun David disclosed that the new price was agreed upon by the Association in an effort to reduce extortion by POS agents on the general people and is also a reflection of the current economic climate in the nation.

While POS agents may go lower the price list depending on their region, David clarified that they are not permitted to go above the pricing list.

https://leadership.ng/pos-operators-increase-charges-for-withdrawal-deposit/

The difference ain't that much compared to when we had cash scarcity

We don't like each other in this country

Nigerians should desist from this act of
schadenfreude and profiteering

God1000:
We don't like each other in this country

Nigerians are very eager to make life difficult for each other.

RESHARPENED:


Nigerians are very eager to make life difficult for each other.

you are right, our people are wicked

Renewed shege

Na from next month we go begin to feel the effect of subsidy removal.

By August everybody go turn snake. If no swallow a fellow snake you no go big. Na aggressive hustling, no pity, no mercy.

By then many go gree to collect than to allow armed robbers obtain from them their hustle.

Haa

Well, it's no longer news that the Nigerian government are not the only ones that are criminally minded and insensitive to the plight of others..

Nigerians only complain when it doesn't favour them..

PS: What's wrong with this guy below, why would you be happy that people are suffering, are you a witch, how much do you have that's making you feel you can't go broke or suffer later ?? Majority of Nigerians tried their best during the election, but BAT stole the mandate, are they supposed to die with it??

Cut the youths some slack, please!!!

Damnnn niggarrrr
Hahah
So protest never still hit streets

The hardship is making me excited
Where are all those it will favor me and my family
Hahhaha
Una go suffer
Make we continue to dey play politics of tribalism
Una go suffer

Electricity tariff on the high....Tertiary institution fee on the high....Price of fuel on the high.....114 percent increase in the salary of elected politicians waiting to be approved by tinubu....Guess what POC every year have been introduced right about now....poc is proof of car ownership certificate of 1000 naira every year
Now pos charges on the increase

To the niggarrrr comments above...why should I pity anyone..a South African friend told me before the election that if tinubu get up to 50k votes he mean say we Nigerian youth don fuckkk up and we nor know ourselves

After the reversal of the cashless wahala; the pos operators reverted back to status quo but they were not happy with what they were making. So this was inevitable

RESHARPENED:
Nigerians are very eager to make life difficult for each other.

Don't blame them. So many of them have staffs they pay, and the ones that run it by themselves, have the ever rising inflation to deal with.

Even landlords are increasing their rents...

Normal naau....

Na fuel scarcity cause this one too?

Everybody dey vex

With the increment in fuel price expect everything to go up as well.

Small small e go reach every sector

Bank ATMs are close to me. I'd rather go to an ATM.

@Falseprophet should please, come and tell us to increase the price of seeds and offerings in the church.

Pos Agents don get association too?...wonder shall never end

Lol Lagos chapter...


So POS people get association...

I go use ATM na

This is a very crucial moment for every citizen of Nigerians, Traders desist from adding to our burdens.
it is well!

slawomir:
Damnnn niggarrrr

Hahah

So protest never still hit streets

The hardship is making me excited

Your leg press pause? Enter street naw.

It's still too expensive

Clowns, left to me they'll be out of business . I've never used them before I pay with my card at stores or make transfers if i have no cash

Fasten your seat belts guys, from frying pan to fire 🔥

This season film go sweet die.

This government go favour me and my family

E remain Oloshos to adjust their prices under Tinubu

Islie:


https://leadership.ng/pos-operators-increase-charges-for-withdrawal-deposit/

Oya nah

slawomir:
Damnnn niggarrrr

Hahah

So protest never still hit streets

The hardship is making me excited

Coward

Lead and we will follow you

Back to queuing up in Banks...!

The poor and average earners just can't catch a break!

The one they did us in Feb/March is still paining their body.
They've come back for revenge.