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Election Spending Fuels Cash Shortage In Banks - Business (2) - Nairaland

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Fear Over MPC Outcome Fuels Naira Appreciation / Cash Shortage Hits Banks As TSA Deadline Expires / Cash Shortage Hits Banks, Overnight Lending Rate Jumps (2) (3) (4)

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Re: Election Spending Fuels Cash Shortage In Banks by idee91: 7:51am On Mar 27, 2015
W
Re: Election Spending Fuels Cash Shortage In Banks by martyns303(m): 7:51am On Mar 27, 2015
Cashless policy is the solution, it will also stop politicians from buying the public.
Re: Election Spending Fuels Cash Shortage In Banks by tiamiyukunle69(m): 7:52am On Mar 27, 2015
Thanks to the national cake sharing
Re: Election Spending Fuels Cash Shortage In Banks by Runaway: 7:54am On Mar 27, 2015
What were u expecting, when they are all sharing the money. Vote wisely.......
Re: Election Spending Fuels Cash Shortage In Banks by Nobody: 7:56am On Mar 27, 2015
GEJ and his co-hot have finished sharing are money
Re: Election Spending Fuels Cash Shortage In Banks by nikkiehan(f): 7:59am On Mar 27, 2015
shocked shocked shocked shocked shocked shocked undecided undecided God save us o. we dnt want austerity o

1 Like

Re: Election Spending Fuels Cash Shortage In Banks by seguntijan(m): 8:05am On Mar 27, 2015
Which pipeline was vandalized recently that we
don't know about? people are saying they don't
have money again to importproducts and you are
talking nonsense!, how can you expect me to
spend 450m on a product that 320m used to buy
because you devalued the naira?I continue telling
Nigerians, by the time Jonathan is done with
their ars@, they will regret Jonathan 2019.It is
clear that the nation needs to start afresh but
we must punish the culprits at the polls, the
government's austerity measuresis suffocating
and the masses think its cool!!How can you have
kids studying abroad and you want to vote
Jonathan, are you insane? what devalued the
naira? shortage of FOREXwhere does our FOREX
come from? Sale of Oil, under Jonathan
400,000bbls of this oil is stolen daily worth
$46,000,000 when oil was $115.Jonathan had the
temerity to award a security pipeline contract of
$1.3b to Tompolo who is part of the theft, can
you imagine the wickedness of this man?
Tompolo got his $1.3b in 2011, yet millitary got
theirs in 2014 after boko has killed over 13,000
Nigerians? Is jonathan not wicked? are you guys
ok! how can you vote poverty on your
counscience? Let the Abuja big boys vote him,
let us see how many votes he will get, yet the
poor people who will soon become armed robbers
and prost!tutes are shouting Sai Jonathan!!
shame on your souls!!Other oil producing
countries saved at the time reason they are not
complaining much, Russia saved $480b, their
only achilles heel is their EU sanction.Norway
saved $780b, they are not complaining, Saudi
Arabia saved $920b, depleted to $760b they are
not complaining, in cohort with Qatar, Nigeria
decided to deplete the ECA and Foreign reserve,
that is the genesis of this mess and we say SAI
Jonathan? Why did the governors demand for
their share of the ECA, because Jonathan was
misappropriating it, several personal withdrawals
from the account was proved in court.Under OBJ
nobody touched that account, that was how we
survived drop in oil price as low as $38,
Jonathan is $60, right now and Nigeria is on fire,
can't you guys see?You are an importer getting
dollars at 225 naira and you say jonathan 2019?
you are a m0r0n.By the end of 2015 if Jonathan
continues, most of the students here will drop
out because your parents will lose their jobs, I
am firing three next month and a lot of people
are doing the same, youguys have no idea what
is going to happen by this year end.let me give
you the history, oil price down, devalued naira,
shortage of fuel, removal of all subsidies
including HIV drugs, doyou guys know where
austerity measures end? food shortages.You are
a student and you want to vote Jonathan, sorry
for you because when the government is running
budget deficit like now, salaries will be owed and
your lecturers will go on strike, cant you see?If
you took any loan bank , office or cooperative
loan, with a devalued currency, you are in for an
upward review of your interest rate, and some
people think it is cool to be shouting GEJ 2019,
those people deserve to be shot without trialAll
government funded subsidies will disappear, if
you have HIV, just save for your burial because
in rivers state now, they are stranded, the ones
supplied by the Americans can no longer go
round, cant you guys see?We must punish PDP
at the polls, why are you scared of Buhari, are
you a thief? the undisciplined andthe thieves
don't want buhari, while you a nobody is singing
their praise, what are you scared of?Anytime you
fall in love with Jonathan ask yourself? what do
you have to lose?We are already down with
Jonathan, we cannot fear any worse.Buhari is
not a jesus but Jonathan must be punished for
this mess, he should be held responsible and
accountable for this mess, How can Jonathan
approve austerity measures for Nigerians while
he could not cut his feeding budget and you guys
think its ok!!He flies 9 private jets and you don't
even have a tokumbo car shouting SAI jonathan?
Crude price is down and you thinkJonathan is not
responsible are you daft? how about saving and
appreciating the naira when it was high so that
as it goes down, it won't be this low?jonathan is
a walking disgrace if you support Jonathan and
you are rich, benefitting from this government,
you are wise, if you are an average Nigerian who
is gonna face this austerity measures and still
support his presidency, you are a f00l and a
m0r0n, shaken together and runneth over.This
election has exposed one thing, Nigerians are
very bad people, they are willing to stand and die
for evil, the next hitler willbe a Nigerian, mark my
words.May God help the generation unborn.
# vote wisely#

1 Like

Re: Election Spending Fuels Cash Shortage In Banks by Nobody: 8:07am On Mar 27, 2015
hahn:


Are you on whatssapp?

yes, add 07035260535 on Whatsapp
Re: Election Spending Fuels Cash Shortage In Banks by UnimkeAk(m): 8:18am On Mar 27, 2015
uselessgoat:
[size=28pt] undecided


Thanks to Mr President's dollar rain[/size]

[size=28pt] undecidedUSELESSGOAT ![/size]

1 Like

Re: Election Spending Fuels Cash Shortage In Banks by Nobody: 8:24am On Mar 27, 2015
uselessgoat:
[size=28pt] undecided


Thanks to Mr President's dollar rain[/size]

5 billion dollars has been spent only by Jonathan in his campaign. Now tell me, is that our 5billion dollars (1 trillion naira) missing from the 20 billion dollars? Where is the remaining 15 billion dollars? Who be the thief who be the owner? If you are a thief and you are asked was 20 billion dollars missing when you know you are in power, what would you say? Absolutely nothing.. I am telling you oo, 5 billion dollars has been spent just by jonathan, he intends on throwing more today. Let's watch and see. If he looses, it's to spend the remaining 15 billion. If he wins, then be sure to know that for 3 yrs he won't perform a damn thing. Ngozi says they have to borrow 2 billion dollars from the world bank, are you people so blind to see it? Are you telling you are so blind to know that jonathan hasn't spent more than that already? What is 2 billion dollars going to do to help the nation? Who are they fooling? I won't be fooled.. Never. There was a program shown on AIT, when jonathan finished speaking, he went on to Shake the top officials around him, while shaking their hands, every other person bowed with respect of saying hello to the president, except Ngozi. She just gave him a little hand shake, more like you are tarnishing my image. Jonah is been controlled by the Anenih himself, Anenih is the one who showed OBJ how to run privatisation things in the country. Do you think if 20 billion dollars is missing and they call 1 million audit firms, it will be found? When Anenih is involved? Dream on Young lads. I pray anyone wins, and for those in support of Jonah, Mark this day, if and only if he wins, then be sure to know Nigeria is in great doom. The level of poverty in the country will be alarming to the extent nigeria will have to force him out. Watch and see. Transgender affirmation of Nigeria (TAN) my as ass.
Re: Election Spending Fuels Cash Shortage In Banks by Nobody: 8:33am On Mar 27, 2015
IDES OF MARCH.
In themselves, days are days, until events happen and give them the mark of remembrances. Like yesterday, today would seem like tomorrow and the boring series of normalcy would continue. The subject of the news has been constantly depressing; one would think that a pharmaceutical company selling mostly Prozac has decided to sponsor what we now call the news of the day.
Nigeria is on the march again. Only this time, the government has decided to make the punch line make more sense. The reasons for the shift are ludicrous but the history of the Nigerian state supports it. As such, the outrage was minimal as expected. In another 3 weeks, Nigerians will be giving the opportunity to select between an incumbent who is said to be good but incompetent and an ex dictator who everybody wants to trust. There is no better example of an illusion of choice.

As a state whose history is a trail of bad blood, suppressed discontent and noise, one honestly hopes that we would get it right. But, can we?

A 5 minute conversation with a voter will depress you. If democracy rests on the belief that those involved in the decision making process are intelligent enough, should there not be a caveat or a slightly adjusted version for countries where the educational system produces graduates that are unemployable? And youths who look forward to the legal drinking age than the voting age? Or worse, youths who prefer to discuss football and music than the Nigerian economy? If a democracy cannot get a people to concentrate and carry out reasonable discuss on the important things, is it still one? How do you reconcile that enormous gap in ignorance? Be that as it may, we still carry on. A good number of some of us are undecided. It is fair to understand why. Let us explain it this way: "on undecided Voters,; to put them in perspective, I think of being on an airplane. The flight attendant comes down the aisle with her food cart and, eventually, parks it beside my seat. "Can I interest you in the chicken"? She asks. "Or would you prefer the platter of shit with bits of broken glass in it"? To be undecided in this election is to pause for a moment and then ask how the chicken was cooked.

Beware the ides of March, a new fool might emerge in April and if you May, acknowledge him. Understand the gaps and allow yourself the excuse to exclude. If you can, enjoy that terrible tyranny of the majority but, by all means, I beg you, choose wisely.

Beware the ides of March, freedom is not that easy to come by, but once in a while, it is caught stranded. Futures are secured by leaders who have the audacity to make laws that make them less powerful. The next president has in his hands, the opportunity to make or mar this nation for good. Are the choices choosy enough? Would the benevolence of fate make room for the placement of good fortune? Do we need leaders who would prefer to incite violence than provoke peace? Are we not tired of the madness?

Beware the ides of March, ask questions, puncture holes and fill them with reasonable discontent. Basic amenities should not be a bench mark for good governance. Any democracy that triumphs in the spreading of distractions is a fickle one. Would you not shawkee for one second and inquire about what happens? What sort of society are you building for your kids? “If you are a part of a society that votes, then do so. There may be no candidates and no measures you want to vote for... but there are certain to be ones you want to vote against. In case of doubt, vote against. By this rule, you will rarely be wrong”.

(c) Igenebga.
Re: Election Spending Fuels Cash Shortage In Banks by anonimi: 8:37am On Mar 27, 2015
bushdoc9919:
There goes our money.......

And meanwhile.....we have no light, no water and an oil dependent economy.

Whoever wins in March 2015....is going to be running austerity government by 2016.

Tighten your seat-belts Nigerians.....the final call for the time machine flight to the late 1980's is here. Gertscham jump......!


PDP....managing to ruin Nigeria's economy over 16 years.

And I thought you were smart sad




www.nairaland.com/attachments/2102459_apcteam_png6dc9407cdcc2b68174c445361fc3e4c9
Re: Election Spending Fuels Cash Shortage In Banks by Lunar2010: 8:40am On Mar 27, 2015
I created this same post from same source 3hrs earlier than this op and no FP. Na wa o...
Do I have to do 'cc: lalastica; Seun' to get on FP abi na federal character?
Diaris God in everytin we are doing o.
Re: Election Spending Fuels Cash Shortage In Banks by anonimi: 8:41am On Mar 27, 2015
Re: Election Spending Fuels Cash Shortage In Banks by EagleScribes: 8:45am On Mar 27, 2015
So what is noise about cashless policy all about?

This goes ahead to confirm that we have nothing but jokers in places of authority
Re: Election Spending Fuels Cash Shortage In Banks by MARKone(m): 9:17am On Mar 27, 2015
lordhugo:
PDP have only enriched themselves and their loyalists.


one word for GEJ.............



Hahahahahahhahahhahhahhahahahaha
hahhahhahahahahahahahahhahahahaha
hhahahahahhahhaahhahahahhahahahha
hahhahahahhahahahahahhaahhahhaahh
ahhahahahahahahahahh!!!!!!!
Re: Election Spending Fuels Cash Shortage In Banks by bjdon: 9:24am On Mar 27, 2015
bushdoc9919:
There goes our money.......

And meanwhile.....we have no light, no water and an oil dependent economy.

Whoever wins in March 2015....is going to be running austerity government by 2016.

Tighten your seat-belts Nigerians.....the final call for the time machine flight to the late 1980's is here. Gertscham jump......!


PDP....managing to ruin Nigeria's economy over 16 years.

I saw the 1980's many of these young ones have not they don't know whats coming.

You can expect massive inflation (As the currency falls in value)
Massive job losses.
Company shut downs(In the 80's nobody could believe when Kingsway shut down. Dont' be surprised to see shoprite seel up and leave in a few years)

Oil price will not see $80 dollars for years to come as their is an ongoing price way between the Saudi's and US shale producers. As usual Nigeria is not ready. Dark days ahead

1 Like

Re: Election Spending Fuels Cash Shortage In Banks by INDUSTRIALFAN(m): 9:33am On Mar 27, 2015
Adesiji77:


http://www.punchng.com/business/business-economy/election-spending-fuels-cash-shortage-in-banks/

CC: Seun, lalasticlala
money shortage? So where are all the money being spend saved by those who collected it? Abi na hole the dig hide the money?
Re: Election Spending Fuels Cash Shortage In Banks by omoadeleye(m): 9:36am On Mar 27, 2015
so where are all the money going? if people are not holding those exorbitant cash ffor house
Re: Election Spending Fuels Cash Shortage In Banks by sonofspada(m): 10:49am On Mar 27, 2015
Lets toast, to all the wild animals yet uncaught for zoo services and the Elections yet to be rigged. .. hit like and say *cheers*
Re: Election Spending Fuels Cash Shortage In Banks by suptol(m): 2:53pm On Mar 27, 2015
All is well
Re: Election Spending Fuels Cash Shortage In Banks by AdeMoss: 3:26pm On Mar 27, 2015
I believe this post is incorrect and the message is false. Ask yourself, how much can any politician withdraw to cause liquidity issue? In today's banking generation where billions are moved inter bank hourly. Moreover, what our politicians made scarce is dollars. An average ATM is probably loaded with N8m, which is a lot. If you see long queues, blame the Nigeria mentality of panic buying. We do that a lot. By Monday, they will go back to the bank to deposit it.

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