The House of Representatives has resolved to investigate the outrageous fee that Point of Sale (POS) systems impose for cash withdrawals.
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Point of Sale(PoS) agents in Lagos State will now charge consumers N500 for cash withdrawals of N10,000. This comes after the Public Relations Officer, Lagos Chapter, Stephen Adeoye, of the Association of Mobile Money and Bank Agents in Nigeria, unveiled a new price list for PoS transactions on Channels Television’s Business Morning show on Friday.