Cashless: Poor network stalls sales, traders complain at Lagos market | The Guardian Nigeria News - Nigeria and World News

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The poor mobile service network at the Lagos International Trade Fair Complex that houses three markets in Lagos, on Saturday stalled commerce, as traders complained of inability to transfer cash online.

The traders, who spoke with the News Agency of Nigeria at the close of business, said that the problem was frustrating and unbearable.

NAN reports that the introduction of the new redesigned N1,000, N200 and N500 notes and its slow-pace release in the system by commercial banks, as directed by the Federal Government, has been causing hardship to the people.Mr Andrew Umeh, an article and Confectionary distributor, said that the cashless policy that they have adopted was not helping matters because of poor network.

“Since the government is finding it difficult to release cash to the system for reasons best known to them, they should please allow us to trade with better network service to encourage online cash transfers,” he said. Duru, who said he lost a transaction worth N700,000 because of lack of cash and poor mobile network to enable the customer make a transfer, said if the trend continues by next week, a huge protest will be imminent for many who are affected.

 

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Zenith bank app has not opened since last 2 weeks in Aba, they are not yet ready for cashless thing

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