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Nairaland Forum / Nairaland / General / Business / "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain (12048 Views)
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"NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by omonla555: 11:00am On Aug 25, 2016 |
Some banks on Wednesday clarified their positions on the alleged suspension from the foreign exchange market transaction by the Central Bank of Nigeria (CBN) over alleged non-remittance of the NNPC dollar deposits. http://www.pmnewsnigeria.com/2016/08/24/why-we-hid-nnpcs-dollars-firstbank-others-explain/
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Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by Nobody: 11:03am On Aug 25, 2016 |
Stupid Excuses Time for paddy paddy business of forex is gradually coming to an end Who the bank forex epp sef? Pay everything back to TSA -- sharp sharp Where is lalasticlala sef 1. "The bank also said that tripartite documented discussions had been ongoing between the CBN, NNPC and the bank on the need for domestic retention of those balances." First Bank : You can't confuse us with your English. Nonsense statement 2. “At the commencement of the Treasury Single Account (TSA) in 2015, Fidelity bank advised NNPC and the regulators with a schedule of repayment for the NNPC/NLNG dividend dollar deposits." Fidelity Bank: Nonsense statement Please post your mid-year report, make the necessary adjustments and lets see what is left. Nonsense. Who una epp sef 19 Likes |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by Raddie(m): 12:16pm On Aug 25, 2016 |
Where is the 'WHY' now? All I can see here is damage control.… 1 Like |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by TonyeBarcanista(m): 12:31pm On Aug 25, 2016 |
Banks and corporate fraud 4 Likes |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by NameChecker: 1:51pm On Aug 25, 2016 |
ok |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by DICKtator: 1:52pm On Aug 25, 2016 |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by Pidggin(f): 1:52pm On Aug 25, 2016 |
2 Likes 1 Share
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Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by emamos: 1:55pm On Aug 25, 2016 |
Bank chiefs currupt more 4 Likes |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by UnknownT: 1:56pm On Aug 25, 2016 |
Heritage Bank doing everything possible to survive CBN should tamper justice with mercy 6 Likes |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by knightsson: 1:59pm On Aug 25, 2016 |
Time for doing business the normal Nigeria way is over, these banks must accept the fact that their main purpose of banking is the private sector and not govt free funds. 10 Likes |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by dahmie2013: 2:00pm On Aug 25, 2016 |
Discipline has now entered d banks! U ppl need 2 understd dat dis govt ain't smiling @ all, everyone needs 2 up deir game. 4 Likes |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by ArchiPelago1: 2:02pm On Aug 25, 2016 |
Medicine after death 2 Likes |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by ItsawrapOutfit: 2:08pm On Aug 25, 2016 |
FCMB also made a press release to their customers which we got via email |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by Nobody: 2:13pm On Aug 25, 2016 |
No campaign after election. Simply return the dollars to CBN, shikenan Banks and Corporate fraud na 5&6 Barayi, Ole 6 Likes 1 Share |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by alizma: 2:19pm On Aug 25, 2016 |
their defense is so weak that it takes a wailer think they are not guilty as charged. 1 Like |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by sammhi(m): 2:23pm On Aug 25, 2016 |
Keneking:Stop displaying crass ignorance . Why will all monies be in TSA ? It is a very wrong principle or policy. Lots of moni sitting idle and helping no one . No wonder the country is dry. All the govt should do is to have a full disclosure of amount and let the bank trade with and pay interest on the money to govt and also to make available whenever it is required . That is the way to do business . Worse , why ban them from forex trading instead of a fine . I wonder who advises this govt. some people are so half baked and quite backward in their thinking and are liking for who to label as thief or a saboteur of the govt.Such over zealous but empty skulls of aides of the president are doing more harm than good to him . They are in a rush to accuse people and shift blame . It is a shame . 16 Likes 1 Share |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by otokx(m): 2:24pm On Aug 25, 2016 |
Something is not adding up somewhere. 3 Likes 2 Shares |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by onatisi(m): 2:25pm On Aug 25, 2016 |
Confused nation with a confused economy,nobody seems to know what to do anymore even the president is confused. Smh for Nigeria 2 Likes |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by Nobody: 2:25pm On Aug 25, 2016 |
sammhi: Transfer all monies to TSA simple and stop speaking grammar Everyone else has complied and you are here giving excuses. 12 Likes 2 Shares |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by miqos02(m): 2:29pm On Aug 25, 2016 |
hmmm |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by kings09(m): 2:33pm On Aug 25, 2016 |
The same CBN n Nnpc r aware? Some things r going on in d background dat has nt bn made public. The banks shld pls comply so dat we get to knw d rest of d gist. Even Heritage bank dat jst came is also involved. nawa oo |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by Youngzedd(m): 2:35pm On Aug 25, 2016 |
Believe the banks and believe anything. 1 Like 1 Share |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by 989900: 2:36pm On Aug 25, 2016 |
sammhi: 7 Likes |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by Clerverly: 2:36pm On Aug 25, 2016 |
"Repayment" Na Loan?? 2 Likes |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by sammhi(m): 2:39pm On Aug 25, 2016 |
Keneking:My friend , it is not an excuse . The bank said NNpc is aware , cbn is aware. Why didn't they resist it or tell them no. Prblem with you guys in power presently is that you don't understand how money works . Just half baked empty heads looking for who to blame for their ineptitude . Most of you have never own a business or run an organization so you have an employee mentality . No wonder the country is collapsing not because there is no moni but because of your poor vision and plain ignorance of how moni works . You don't want banks to have government moni, so where or how will they do business ? Or you think because it bears the name 'bank' , moni will fly into their vault? I pity you and your ilks . Worldwide , Banks have some government funds with them. You are very wrong to think every give money should be in CBN which will not benefit any person. It is a shame 4 Likes |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by Zieristclair(m): 2:43pm On Aug 25, 2016 |
sammhi:u are the ignorant one here.Why didn't the banks comply with the directive earlier?do you remember that a deadline was given and it was thoroughly flouted by these banks?dumb Nigerian who doesn't know his right.There are too many accounts operated by NNPC and the govt is taking the right step in consolidating them just the way a prudent and efficient one should so we shan't have another Diezani saga where $20b vanishes into thin air due to non-remittance. 7 Likes |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by weezii(m): 2:46pm On Aug 25, 2016 |
Who do we believe |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by tiwiex(m): 2:47pm On Aug 25, 2016 |
sammhi: My bro. The ignorance is mind buggling. This government has successfully sent a dumb signal that the banks are bad for the economy. I still don't understand how keeping all this money in CBN helps the system. It made sense for the economy to have this monies in circulation for d greater good of all. TSA has been a nightmare in implementation. Removing all that money in one fell swoop just destroyed us. And we are here cheering the government to victory. Banks+Businesses make up the economy. Are we seriously happy about all this APC campaign on achievements. I even thought the treasury was emptied by PDP. And no one should tell us APC discovered the money. It was always there. PDP would have wiped thr accounts clean if they were so bad. 3 Likes |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by blackmantis: 2:50pm On Aug 25, 2016 |
I have said it before, this administration talks and acts first then thinks later. The CBN under Emefiele has been flip flopping on the Forex policy. Do they know the damage their pronouncements have caused. with lots of people in panic rushing to withdraw money from the banks mentioned? Why not first send an internal warning with a deadline.. Does the CBN want to claim ignorance that it only realized yesterday that more than $2billion is sitting in the vaults of these Banks or are they trying to shift blame? To appear blameless before our Emperor? I will not be surprised if tomorrow this same CBN will come out to deny the statement they released earlier. (na their way) I'm just tired of this country. 3 Likes |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by sammhi(m): 3:20pm On Aug 25, 2016 |
Zieristclair: Initially I wanted to ignore you but for the benefit of many kids in nairaland who don't know left from right I would grant you a response . It is economically and financially very wrong for FG to empty banks of all its monies . It is never done anywhere in the world . It is like saying we too should keep all our monies under our pillow or where we want . How then are the banks to operate ? With what funds ? The important thing is that CBN and NNpc are aware of the amount with them. Like I said earlier , what the FG should do is to tel them to pay interest on the amount with them . They could even tell the banks the percentage of the money to keep and the amount to remit to TSA . Even as individual , if you keep withdrawing all monies from your account and the amount is significant , banks will engage you and make proposition so you can keep some with them. It makes no sense at all for FG to Make the banks look as if they are rogues or against their interest . ! What the FG has done is to further erode confidence in the banks . If the banks collapse , you and I are the ones to feel the pains . Govt is to enhance confidence and help build their financial base. You and your likes are very wrong . TSA implementation does not mean all monie should be outside the banks . 6 Likes |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by Amanwulu1(m): 3:26pm On Aug 25, 2016 |
Explain all u want d fg has achieved her aim which is to make news n appear tough by banning u. Mission accomplish. |
Re: "NNPC’s Dollars Were Fully Disclosed To CBN" - FirstBank, Others Explain by Adesiji77: 3:30pm On Aug 25, 2016 |
Story 1 Like |
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