POS operator jailed for stealing N120,000

The Ota Magistrates’ Court in Ogun has sentenced a 22-year-old point-of-sales operator, Ayomide Salawudeen, to three months’ imprisonment for stealing N120,000 from her employer.

The police charged Ms Salawudeen with theft following her guilty plea.

In her ruling, Magistrate A. O. Adeyemi gave the convict an option of a N3,000 fine and ordered her to pay N120,000 to the complainant, Nosiru Jayeola.

The prosecutor, Insp E.O. Adaraloye, told the court that the convict committed the offence on February 8 at about 8:00 a.m. in Ogba Ayo, Ijoko area of Ota.

Mr Adaraloye said the offence contravened section 390(9) of the Criminal Code, Vol.1, Laws of Ogun, 2006.

Kaduna beggars become ‘human PoS’

Destitutes in Kaduna who rely on begging for survival say they have been turned to ‘PoS Operators’ as a result of the prevailing cash-squeeze.

Explaining their ‘newly- found’ status, the beggars said most people now gave them old naira notes and demanded for ‘change’ in return for a reward.

“The situation is so desperate, especially with most banks allowing the withdrawal of not more than N1,000 or N2,000, and PoS operators imposing high charges.

“There are two categories of people that patronise us, namely those who pretend to give us alms, and those who openly request for favour.

“The first category will give you either N200 or N500 old Note, forfeit part of it to you as alms, and request that the change be given back to him in lower denominations of N100, N50, N20 and N10.

“The second category will openly request for change in lower denominations and offer you some percentage as reward”, narrated one of the destitute, Usman Ali.

Another destitute, Kabiru Musa, confirmed that such ‘economic transaction’ between beggars and members of the public, was actually flourishing in Kaduna.

He said from time immemorial, assistance to beggars had always been in lower naira denominations, and so the beggars were hardly short of such monies.

A female destitute, Maryam Baba, who was asked for comment on her informal ‘PoS Operator’ status, bursted into wild laughter, just as she also confirmed the development.

A mother of two, she said because of her adolescent kids, people had been generous in giving her alms, and that most times, she had enough lower denominations to grant requests for ‘change’ from people.

“This new ‘business’ is promising and how we wish it will continue; the only challenge we face is how to deposit the money in banks.

“However, the good thing is that each time we go to banks, we are being granted special concessions because of our condition,” she said.

However, lepers could not engage in such ‘business’ because of the issue of stigma.One of them contacted, who spoke on condition of anonymity, lamented that even sellers of items were often reluctant to receive money from them.

“We are battling with stigma; even spending our money is a problem, therefore the issue of people requesting to exchange money with us, is out of the question.

“However, some of us do give other fellow beggars our money to help us in exchange for us to also benefit from something little,” he narrated.

Also, visually impaired beggars could only engage in such ‘business’ by proxy, as they cannot identify value and colour of currency.

“We sometimes use our guides, mostly our children, to attend to such requests from people; It is profitable; the only challenge is depositing of the old notes, but most times, we are granted concessions in banks.

“We pray for the end of the sufferings by Nigerians over this naira redesign, but honestly, some beggars are in brisk business.

“We (beggars) are now like those into casket trade, who do not wish people dead, but can only be in business when people die”, analysed Kabiru Bello, a visually impaired beggar in Kaduna.

Emefiele tells banks to stop PoS charges

Central Bank governor Godwin Emefiele has asked banks to stop high charges by the Point of Sale (PoS) agents on every transaction made by their customers.

”I am going to be calling a meeting with the banks this evening or by tomorrow, if those charges go to or those charges have been charged through the bank, we are going to have an arrangement with even telcos to see how those charges can actually at this time be stopped.

“Those charges at this time should be stopped. So, if we know whatever you are making that you’re not making because we stopped it, we can collect it somewhere and look for a way to pay you.

“But we don’t want you to continue to create pain on those who want to use alternative channels when they cannot have cash in their pocket.

“We will go into this later this night or even tomorrow, we’re going to call a meeting of both the banks and the mobile networks; at this time nobody should be charged, if you are charged, we will need to know about it.

“But we would want this service to continue to be offered. Whatever it is in terms of volume and number that you have carried out. We will look for a way to pay you your money,” he said.

The redesigned naira notes comprising N200, N500 and N1,000, came into use on December 15, 2022, after they were unveiled by President Muhammadu Buhari on November 23, 2022 in Abuja.

The CBN had earlier fixed January 31 as the deadline for the collection of old naira notes, but later extended the time limit to February 10.

Mr Emefiele had said the extension was to allow Nigerians that had naira legitimately earned and trapped, the opportunity to deposit their money for exchange.

The governor had ordered banks to load their Automated Teller Machines with the new naira notes to ensure Nigerians had access to them.

Nigerian man expresses shock as POS operator in his neighbourhood buys a Benz

A Nigerian man has expressed shock at the sudden upgrade witnessed in the lifestyle of a POS operator in his neighbourhood.

The man took to Twitter to reveal that the POS owner recently acquired a Mercedes Benz even though it was just a month ago that he officially started the business.

The tweep with username @belafeid, wondered if it is possible that the POS operator is into some fetish money making acts as he finds it hard to believe that he could buy Benz out of the proceeds of his business.

He wrote; ”The guy wey just open POS shop last month for my area don buy Benz…una dey baff soap ontop POS business again?”

See his post:

While some tried to explain that it is a lucrative business, others created humour out of the post.

@iam_kiddee said; Money Dey there dey make 200k per day

@Ebitam_; Dangote dey withdraw for him shop

@Graciethebrand; How e take do am na

@Dsage_BigHeart ; E get as the matter be oo

@ebukaAFC; They defraud people with POS machine. A guy got a extra debit of 600k after using a POS. Some POS terminals are use for stealing.

@bamideleOmolar6; Ah!…..e be like say POS business dey pay this days o…