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The CBN’s efforts to entrench a cashless economy opened a thriving business for POS agents. When Dele Olaitan (not his real name) visited a commercial bank inside the Lagos State University (LASU) campus, Ojo, on Friday, July 26, 2024, to withdraw ₦100,000, he expected to get the money without hassle. Unfortunately, he left the bank disappointed, angry and frustrated.Having queued in the banking hall for over an hour waiting for his turn, he was told there wasn’t enough cash for the amount he wished to withdraw. The middle-aged man could not understand why a bank wouldn’t have cash to dispense…

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