Nigeria's Cash Crisis: POS Agents Emerge as Most Reliable Way to Access Cash
Despite policy changes, commercial banks in Nigeria have lost the cash arms race to POS agents, who have become the most reliable way to access cash across the country.

Reese Morgan
In a significant crackdown on illicit trade, Kenyan authorities have seized 7,500 liters of bootleg ethanol at the Lwakhakha border station in Bungoma, Western Region. The contraband was concealed under 2 tonnes of oranges coming from a neighboring country, with an estimated customs duty and tax value of Sh4 million.
This bust highlights the importance of improved surveillance and multi-agency collaboration in combating transnational crimes and illegal trade. The Kenya Revenue Authority (KRA) has implemented a multi-departmental approach, actively participating in local security committees and sharing intelligence to prevent illicit trading within its borders.
The seizure is a significant success in the KRA's efforts to protect the integrity of Kenya's trading environment, and serves as a warning to smugglers and illegal traders.
Despite policy changes, commercial banks in Nigeria have lost the cash arms race to POS agents, who have become the most reliable way to access cash across the country.
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