Despite the adoption of cashless payment systems across different segments of the country, the Nigerian Railway Corporation, NRC, 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, POS , and online banking services, it was observed that officials of the NRC were not accepting bank transfers, neither were they using the POS service.

When newsmen visited 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.

He confirmed that the NRC was collecting only new notes.