x

Amidst Naira Crunch, NRC Rejects Bank Transfer

Despite the adoption of cashless payment systems across different segments of the country, the Nigerian Railway Corporation has insisted on cash payment for its transactions, especially for fares along its Lagos-Ibadan route.

While other businesses are exploring the Point of Sale and online banking services, it was observed that officials of the NRC were not accepting bank transfers, neither were they using the PoS service.

Also, at the Mobolaji Johnson Station in Lagos, it was discovered that ticket officials were only accepting new naira notes. Also, a visit to the Babatunde Fashola Station showed that the ticketing officials accepted only new notes.

One of the officials said the management does not allow bank transfers nor deploy the use of PoS machines, stating it was against their policy.

A passenger who gave his name as Mr. Ahmed Ogunsanya said he had to pay with the little new notes he had on him with a mixture of N100 notes to gain access to the train, pointing out that ticket officials rejected the old notes.

“I paid with the little new notes I had on me and added N100 notes to it too. The ticket man refused to collect old notes from me. Now I don’t even know if ‘danfo’ will collect it from me.”

Speaking on the development, District Manager for Lagos, NRC, Augustine Arisa, said there was no cash anywhere, saying “everybody is faced with the challenge.”

He confirmed that the NRC was collecting only new notes.

He said, “We are not using PoS. If it is not e-ticketing, you pay cash. Until when we are given the go-ahead on e-ticketing. The implication of this is that people who don’t have the new notes won’t be able to use the facility.”

Another passenger said, “The decision of the management of the corporation to introduce a collection of tickets with new naira notes is impromptu, ill-timed and embarrassing.”

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

NOA, EFCC To Commence Nationwide Sensation Campaign On Virtual Asset and Investment Fraud

By Joyce Remi-Babayeju In a bid to tackle the prevalence...

Buhari’s Remains Depart London for Final Burial in Daura

The remains of former Nigerian President Muhammadu Buhari departed...

Senate, FG Support Youth Leadership – Adodo at NYCN Retreat

‎‎The National Youth Council of Nigeria (NYCN) has flagged...

Elipse Bids Farewell to Buhari, Says His Emblematic Leadership Will Be Missed

By Israel Adamu, Jos Elipse International Limited, a mining company...

Bandits Attack ECWA Church, Kill 5, Injure Others in Southern Kaduna

By Achadu Gabriel, Kaduna Heavily armed bandits have reportedly launched...

EFCC Seals Kaduna Hotel Over Money Laundering Violations

The Economic and Financial Crimes Commission (EFCC), through its...

FG Declares Tuesday Public Holiday to Honour Late President Buhari

The Federal Government has declared Tuesday, July 15, 2025,...

Wike Urges Okpebholo, Concentrate on Edo’s development, Dump Obaseki’s probe

By Joyce Remi-Babayeju The Minister of the Federal Capital Territory...
spot_img

Related Articles

Popular Categories

spot_imgspot_img