Naira redesign: Cash scarcity hits Nasarawa, businessmen groan


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as POS operators unleash hardship more, charges of N1000 in every N10,000 withdrawal

By David Odama

Residents of Nasarawa state and it’s environs have been hit by scarcity of cash, both old and the new notes.

This is even as business operators and customers are in for hard times arising from cash being trapped in commercial banks who have refused to dispense both new and the old notes in the state.

A visit to most of the commercial banks in Lafia, the state capital showed that most Nigerians in Nasarawa State can not withdraw not more than five thousand new naira notes no matter the amount customers intended to withdraw.

Thousands of residents are seen clustering at the banks ATM to cash as little as they may need to cater for their immediate needs without success.

Constraint by the hardship getting cash from the bank, operators of Point of Sale (POS) now Catch on the situation to unleash more hardships on the people in the state.

A survey carried out in…

Source: Vanguard Newspaper