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Nairaland Forum / Nairaland / General / Politics / War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy (31728 Views)
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Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by djcliff(m): 8:17am On Aug 03, 2015 |
Baba continue. Pdp in trouble. 3 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by BigBen10: 8:17am On Aug 03, 2015 |
jamesharryson: okay you that didn't talk trash how did you contribute to the discuss? You never said anything about the policy mind you. Have a nice day boy. 2 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by alt3r3g0: 8:19am On Aug 03, 2015 |
barcanista: So what do you suggest as you seem to have all the answers? 8 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by menxer: 8:20am On Aug 03, 2015 |
LouisVanGaal: whoever that kicks against any policy that is meant to move Nigerians, not just the cabal, forward may as well kick a land mine. 8 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by nduchucks: 8:21am On Aug 03, 2015 |
This is a great development given that our currency of record is the Naira. Members of the public who have dollars to deposit should follow the process and show the legitimate source of the dollars. The days of open money laundering with impunity are over. While I have some dollars stashed away for speculative purposes, I am willing to give up some profit for the greater good. It is the patriotic thing to do. 8 Likes 1 Share |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by sunnyeinstein(m): 8:23am On Aug 03, 2015 |
ydass: Bros, DOM accounts can still function, they all are just being hypocrites. What the CBN simply wants them to do is to deposit the naira and they(cbn) will convert it to dollar at official rate for them and they can use it, not go and bring the dollar u hv stolen to pollute the Nigerian market. It is a shame that the elite takes joy in demoralising us and our currency. They stack dollars to the 100thousands and millions, do not buy the naira, speculate the naira and start dealing in dollars. Flooding the market wit dollars means cbn'll have to buy evry excess dollar to keep the economy from collapsing (just like in fuel subsidy). This way, the thieves can spend their loots without touching their normal naira. CBN is only doing what it should have been doing since time immemorial: [size=16pt]monitor how the dollar floods the market, not pack the dollars that floods the market[/size] 6 Likes 1 Share |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by 989900: 8:26am On Aug 03, 2015 |
Temporary Suspension of Foreign Currency Cash Deposits Please be informed that due to the unavailability of outlets for managing foreign currency cash deposits, we have found it necessary to temporarily suspend receipts of foreign currency cash deposits into domiciliary accounts at all our branches nationwide from Monday, 3rd of August 2015. In addition, foreign currency cash deposits into domiciliary accounts made prior to this notice will not be eligible for outward electronic transfer and can only be withdrawn as cash. Please note that this temporary measure, does not affect electronic transfer of funds into or from your domiciliary accounts and, you will continue to have access to foreign currency cash withdrawals from your account. Whilst we have had to take this step to temporarily suspend foreign currency cash deposits, we would like to assure you that we are working hard at finding alternative outlets and a quick solution to this situation. Kindly accept our sincere apologies for any inconvenience this might cause. Thank you for banking with us. GTBank. 1 Like |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by Nobody: 8:27am On Aug 03, 2015 |
ydass: why do you need a do account to do foreign transactions when banking is universal, you can conduct transactions with any country in the world , you dont need to have their currency to do this. Dont you know that this domi accounts are responsible for depleting our foreign reserves, only criminals and looters need these dom accounts to stash their ill-gotten gains. 2 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by ransomed: 8:30am On Aug 03, 2015 |
jamesharryson:::--Our eyes are very clear and wide open to PDP massive looting and destruction of Economy. Let APC's juju catch me afterall PDP's juju caught and decieved us for 16 years. 9 Likes 1 Share |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by agriboom: 8:34am On Aug 03, 2015 |
blueseacats: Yes it will, but over time the legitimate ones will make themselves known by finding and going through the legal ways and the illegitimate ones will hide away. And maybe just maybe the honest ones will be dealing at the bank rate you always see at banks but can never get. 4 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by Intendy: 8:34am On Aug 03, 2015 |
agabusta:Truth be told. PDP had looted the nations treasury in USD and have not transferred all so they must kick. They never saw this coming.they still believe its their clueless man in power. PMB WITHOUT MINISTERS IS EVEN YIELDING FRUIT. for genuine business owner bvn to their rescue 7 Likes 1 Share |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by 989900: 8:37am On Aug 03, 2015 |
There are still other positive measure that should be taken. And, I hope the CBN enforces a 'band' on the gap between CBN, Bank, & BDC rates. You can't have CBN @ N197, while banks charge you N208-N225! 4 Likes 1 Share |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by PrinceEm: 8:40am On Aug 03, 2015 |
ydass:if you read the last paragraph it was said that there are ways which those who transacts with their Dom account could do so under the ambit of the law to me i think it's a welcomed development cause it checks the rate of money launder and helps the naira to appreciate 1 Like |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by FrontPageLawyer(m): 8:44am On Aug 03, 2015 |
Mention one Nigerian politician that does not operate a domiciliary account. No politician is a saint in Nigeria maybe VP Osibanjo. APC shouldn't forget the dollarization of the primaries that saw the emergence of PMB as the presidential candidate. Now they all kept quiet with this new policy but time shall tell. |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by ransomed: 8:44am On Aug 03, 2015 |
Emefiele, tight more ropes, put more strigent measures, forclose all lose ends, box looters below the belt and revamp the Naira. God bless you for this great service to your fatherland. Smiling in Igala...ele..ele...ele...OJo! Agba. 2 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by staggerlee: 8:45am On Aug 03, 2015 |
ydass:0 If you are a genuine business man nothing stops you from receiving you foreign currency thru electronic transfers! CBN has not stopped that 2 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by Nobody: 8:54am On Aug 03, 2015 |
alt3r3g0:He should constitute Economic team. |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by staggerlee: 8:58am On Aug 03, 2015 |
arm4u: Bros, no one has said you can't transact in dollars, just do it electronically not with cash, that's all 2 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by menxer: 8:59am On Aug 03, 2015 |
kaeforum: no mind them! I do online transactions in dollars and they charge my Naira mastercard , why all the noise if 'they' don't have any illegal intentions? 3 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by wildflower22(f): 9:02am On Aug 03, 2015 |
This is really a good move. I believe that any policy taken to revive the naira must affect some one. For those doing legitimate business follow the due process and pay your dealers and suppliers. PDP can cry me river. 1 Like |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by menxer: 9:11am On Aug 03, 2015 |
this goes to show that when the head is 'correct' with political will power, the body moves gracefully. Is the CBN Governor just appointed? why did he not implement this policy when GEJ was on seat? Now he is giving glory to PMB 3 Likes 1 Share |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by FrontPageLawyer(m): 9:11am On Aug 03, 2015 |
Why castigate PDP when APC are the loudest wailers concerning this policy. They all have millions of dollars stashed somewhere and they know how to channel it through the banking system. I will never trust APC and its change vision. It remains business as usual unless those crooks surrounding PMB are all jailed. |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by ovo12: 9:11am On Aug 03, 2015 |
Big thief's They make life difficult for honest Nigerians doing business .. Let them go Eat their stollen dollar 1 Like |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by MadCow1: 9:13am On Aug 03, 2015 |
agabusta: Waiter! Give this guy half crate of Orijin with peppered Kanda.. Dem never hala.. They can't move the money out of the country comfortably because of the 10000 dollar cash embargo. This is a case of "One Chance".. 4 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by alt3r3g0: 9:14am On Aug 03, 2015 |
barcanista:I am in awe of your intelligence. 2 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by princdebola201(m): 9:15am On Aug 03, 2015 |
blueseacats:it doesn't affect them..Cbn have already profer a legal way of going through legitimate business, which enhances business men to go through Legal process .. The CBN’s Foreign Exchange Rules have many windows for accessing foreign exchange for legitimate business as well as for personal commitments including payment of medical bills, school fees, mortgages, demand notes and other bills. If you have legitimate business to fund, follow the proper channel. 2 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by princdebola201(m): 9:18am On Aug 03, 2015 |
arm4u:stop foaming in the Mouth, it doesn't affect legitimate business, The CBN’s Foreign Exchange Rules have many windows for accessing foreign exchange for legitimate business as well as for personal commitments including payment of medical bills, school fees, mortgages, demand notes and other bills. If you have legitimate business to fund, follow the proper channel. 3 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by barbiegirl4luv(f): 9:19am On Aug 03, 2015 |
arm4u: What r u ranting here? The press is always available, u can go through them to pour ur heavy heart to Mr. President and please dnt forget to mention to him that he is an illiterate. 2 Likes |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by magicfingaz: 9:21am On Aug 03, 2015 |
Baba abeg wait make I go change my last 100$ before dem close shop |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by Nobody: 9:28am On Aug 03, 2015 |
alt3r3g0:Is the topic about Barca's intel ? |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by onatisi(m): 9:34am On Aug 03, 2015 |
Irrespective of party affiliation we should all support any policy that brings positive development and results. If this policy will bring down the current exchange rate and give our naira more value,then it is all good. 1 Like |
Re: War Against Money Laundering: Banks, PDP Kick Against Cbn’s Policy by adefund(m): 9:38am On Aug 03, 2015 |
Yeah!!! Say no to money laundering n launderers |
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