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By Emman Ovuakporie
Abuja residents in Kubwa on Saturday morning woke up to discover that all the ATM machines in commercial banks had no cash to dispense.
TheNewsGuru.com, (TNG ) reports this development as residents of the Abuja satellite town troop to Point of Sale, otherwise known as POS to cash money and had to pay a 100 percent increase on each transaction.
All the commercial banks located on Gado Nasko road in Kubwa as at 9am on Saturday had no cash to dispense to customers.
A short tour of the banks by TNG revealed that the ATM machines in Firstbank an old generation bank, Gtb, Union bank, Access bank and a host of others had no cash to dispense.
This development has led to a sharp increase in commissions charged by POS operators who increased their commissions by 100 percent.
To cash just 1000naira now in Kubwa attracts 200 naira commission and anything above 10k attracts 300 naira.
The mobile POS operators have relocated their operations to ATM centres beckoning on customers to use their services as the ATM machines no longer work.
A security guard in one of the banks who spoke under the condition of anonymity told TNG that “oga we have stopped putting money inside the machines because of ENDSARS.
“If area boys come here now wetin we fit do so we no de put money again oh go use POS sir.
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