It has been a kind of puzzlement to me that has liberated into a kind of worry about where our money deposited in banks goes to.
I stay aronud a branch of first bank,a place where business in moving and customers at every seconds troop into the bank to deposit money(huge amount of money) and i noticed that every 2,3 to 4 days armourd buses comes there to transfer this monies,so i sat down and taught of how many branches we have only in lagos and the batallions of money that would be transfered every day.The question now is to where?,is it to there headquarter's,how big is it to occupy all this money,is it to central bank?,will it occupy all of it from all banks in the federation,is it on the air,in the sea......where pls?

It goes nowhere in particular, money is moved from bank to bank based on cash demand. For example, ojota branch has N30m in deposit and mile 2 branch needs N20m to meet the demands of withdrawing customers, the bullion van transfers N20m from ojota to mile 2. It is that easy, that aside, every bank has its own security put in place and have their individual monetary management system.

blink182: It goes nowhere in particular, money is moved from bank to bank based on cash demand. For example, ojota branch has N30m in deposit and mile 2 branch needs N20m to meet the demands of withdrawing customers, the bullion van transfers N20m from ojota to mile 2. It is that easy, that aside, every bank has its own security put in place and have their individual monetary management system.

wow...tanks 4 dat....more pls