The Anambra State Chairman of Motorcycle Transport Welfare Association, Comrade Jude Udegbe has lamented that real banking transactions have shifted to Point of Sale (POS) operators in Nnewi and environs.
Comrade Udegbe said it had become difficult to cash up to N100,000 at ago in any bank within the industrial community.
He alleged that banks now preferred to send huge somes of money to the POS operators in return for big commissions while the POS operators would give out cash to their customers at exorbitant commissions.
Udegbe said the trend had further aggravated the ongoing economic hardship the masses were suffering.
He also disclosed that even traders now deal more with the POS operators with whom they strike fast deals than the banks.
“The banks have started hoarding available cash as they did last year and the POS people are maximizing their profits at the expense of their customers.
“Government should do something about it. What is happening now makes things more difficult for the people who are already traumatized by the economic strangulations.
On road infrastructure in Nnewi his home community, the Okada leader said people should not panic about the road dualization from Agulu in Aniocha Local Government Area to Nnewi which Governor Charles Soludo’s administration had decided to do.
He said that the project when completed would reduce to a great extent traffic problems suffered by residents of the affected communities.
He said he believed that the Anambra State government would compensate those worthy of compensation, whose property might be affected in the dualization project.
According to him, there was no cause to panic since the contractors equipment had not been any close to Nnewi.
He, however, advised people whose property would be affected according to what surveyors had measured to do the needful before it became late.
He said that the rumour that work would start in Nnewi on Tuesday, November 12 should be ignored.
