Lagos PoS agents plan N500 fee for N10,000 withdrawal Point of Sale agents in Lagos State will soon begin to charge customers N500 for N10,000 cash withdrawals. This is after the Association of Mobile Money and Bank Agents in Nigeria, Lagos Chapter, announced a new price list for PoS transactions on Channels Television’s Business Morning programme by the Public Relations Officer, Lagos Chapter, Stephen Adeoye on Friday. According to him, the association’s price list is to eradicate price discrepancies in the industry. He said, “Let me tell you the price list, N1000 – 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; N18,000 to N20,000 will N800 for withdrawal. “Like we said, depending on your location, you can also step it down for people depending on the circumstances. But it should not go more than this.” He fur...
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