OPERATORS of Point of Sales (PoS) machines in Lagos State, under the aegis of Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), has announced a new price list for transactions.
The spokesman of the state chapter of AMMBAN, Stephen Adeoye, speaking on a television programme, said: “N1000 to N2,400 will be N100 for withdrawal; N3500 to N4000 will be N200; N4,100 to N6,400 will be N300; N6,500 to N7,900 will be N400; N8500 to N10,900 will be N500; N11,000 to N14,000 will be N600; N14,500 to N17, 900 will be N700 and N18,000 to N20,000 will N800 for withdrawal.”
This would, however, based on customers location, as operators could reduce the charges depending on the circumstances, but it would not go above the stipulated amounts.
He added that for deposits and transfers, agents are to charge N100 for N1,000 to N4,900; N200 for N5000 to N10,900; N300 for N11,000 to N20,900; N400 for N21,000 to N30,900; N500 for N31,000 to N40,000 and N600 for N41,100 to N50,000.
Adeoye said the new price list was recently made available to the association’s executives at a symposium by the state Chairman, David Abiodun, to curb the activities of agents overcharging customers.
“Although we agreed that depending on one’s area, they can lower the charges, but it should exceed these new charges. This is why we expect everyone to paste it in their locations, so that customers can see it.
“To enforce this new price list is easy, because we have a good relationship with the Lagos State Police Command and all the DPOs in the state. Very soon, a task force will be set up in each zone, so that they will work along with it,” Adeoye explained.
