Lol... if you check, most of them no go withdraw pass 5k. People just like to suffer themselves.

candidbabe:
Even in daura too.
The end is near.
Banks have crashed

and they wud say there is recession

wtfCode:
This is because 90% of northerners don't know how to operate an Atm machine...believe me
U'll see somebody in an Atm and be thinking he knows what he's doing and he will not even request 4 help.
Uselessness.

U dont mean it.. 90%. Wow

psucc:
Wetin concern a.boki with bank. It must be one alhaji who d distribute largese

Yeah, notin concern a.boki with bank. It definitely must be your old drunk papa dancing na.ked while people watch.

coolk:
Hmmm....

The CBN restricted banks from accessing above 10 million naira, perhaps to control inflation or the depreciation of the naira.
They (i presume) hope to create a sort of cash crunch / artificial scarcity to drive the prices of commodities down during this yuletide.

They don't care who suffers.

The average nigerians (masses) are denied their hard earned cash to buy essentials, while the upperclass with excess liquidity larvish themselves with luxury.

The level of cluelessness in this current administration is beyond words.

I like your enlightened analysis here. However, I feel that the cash scarcity may favour the masses in the long run because prices of commodities and food items will not be illogicaly inflated by dubious sellers. When no one comes to buy, prices reduce in order for the sellers to sell items quickly. If you take note, prices of items have been stable in this yuletide as against the previous ones. Fuel is not scarce and things are quite normal.

I hate these id!ots (s0utherners) with passion because they're as worthless as pig p00. Just because some idiot took a refined donkey sh!t weed and decided to create this thread, everyone of them believed the fabricated lies because they're nothing but bunch of illiterates.

Get well all of una.

Not true
Photo is fake
The bikes in the picture isn't that common in the country. It's the old type used before in Nigeria.

I hope that ATM machine is not doing promo?

3seriez:


U dont mean it.. 90%. Wow

havent u visited northern part b4?

worse govt ever liveth!

Fake news abeg na ibo people be that as wetin concern aboki with xmas.

gemale:

Dey weren't insured. Banking then wasn't as regulated as it is nw. U r tlkn abt d days b4 d 25 billion recapitalization criterion was enforced by CBN.

/
Don't forget that banks operate on Fractional Reserve banking. That is why banks place limit on withdrawals. To withdraw a certain amount from the bank, a depositor will need to give advance notice to the bank because the funds have to be put together.

And when a bank collapses, there is a hierarchy followed in settlement. The regular customers may have to wait a lifetime to get that
NDIC insurance payment. Legally, banks are not mandated to give advance notice before collapsing. Some things look good on papers.
What is pension plan in Nigeria? It is an insurance against old age. Sort of. Right? Well, pensioners have learned that it is not always
as rosy as it appears on papers. The same goes for a systemic collapse of the banking industry.

Don't forget that banks are loaning out money that they don't have. A bank that has N1000 in its account can write a loan for N10,000.
Once you understand how banks work, you will learn how to secure your investments. Nigerians call them serial debtors, but those
Nigerian billionaires that owe billions to the banks and their lawyers understand the concept of banking better than the average Joe depositor
out there.

For example, after Hurricane Katrina in Florida, insurance companies refused to pay compensation to victims because they don't have
enough money to cover the costs. When pushed, they filed for bankcruptcy and that was the end. US Fed. Reserve had to step in
and crank up the money-printing machine. Remarkably, Nigeria does not have that luxury because she does not print her own currency unlike US Fed. Reserve that can crank up the printing machine any time.

\

gemale:

I hope you are monitoring the ATM debacle in Nigeria. Yep! For so much trust in the banking system.

This is just a tip of an iceberg of what happens when there is a run in a bank.

What!

Did all these guys actually come to use the ATM?

wtfCode:
This is because 90% of northerners don't know how to operate an Atm machine...believe me
U'll see somebody in an Atm and be thinking he knows what he's doing and he will not even request 4 help.
Uselessness.

Kaji dan iska... What's there in using ATM? from all indications you are/were an art student who sees complexity in everything and credits expertise to anyone who can do a simplest job. Can't forget how most of them saw me as a mini professor just by solving logarithms to them.

prophetfire:
kai! everything buhari touches turns to dust. naija don hear nwiii.

is that your prophecy, then God will proof you wrong.

This image is a big fat lie.. I wish som1 can contact UBA Daura. It is possible its not Katsina's UBA, and please check the OP's profile, he is an anti-APC, so am not surprised with this post, but what pains me is that the Mod's moved this lie to FP..
Note: *I support no party*

How true is this? This can be pushed to the guiness book of records as the longest queue in an ATM.

Is that the only ATM there

wtfCode:
This is because 90% of northerners don't know how to operate an Atm machine...believe me
U'll see somebody in an Atm and be thinking he knows what he's doing and he will not even request 4 help.
Uselessness.

Well done Mr. man for going round the length and breath of the north to do the census of the people who can't operate atm! Well done again for arriving at 90%. Maybe you should check again in case you made a mistake -don't you think it should be 100%?

jerryBoss1:
Merry Xmas nairalanders

illiterate mumu... what's the connection here. As for ur story, the teacher does not mark ur storyline but consistency in the course of the story, grammatical accuracy and punctuation.

mosisnho:
see the crowd at UBA ATM, Duara branch, katsina state. see picture below

http://www.smartlinkzone.com/2016/12/chritsmas-wahala-uba-atm-in-duara.html

biggest lie of the year. This is UBA in otukpo benue state. Opposit st. Mary catholic church. My brother get your facts right before posting lies on your blog

Mujinho4b:
This image is a big fat lie.. I wish som1 can contact UBA Daura. It is possible its not Katsina's UBA, and please check the OP's profile, he is an anti-APC, so am not surprised with this post, but what pains me is that the Mod's moved this lie to FP..
Note: *I support no party*

my brother the oP is the biggest lier of the year. That is uba in otukpo benue state. I can still go n take pix of d bank to prove him wrong

[quote author=yarimo post=52230282]But OP this looks like SAMBISA FOREST atm branch [/quote

my belle oooo

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Let Buhari order Emefiele for more banks in Daura na.

Abi Buhari want to be like Jonathan who left office with no pipeborne water in Otuoke;

or be like Obasanjo who ruled for 8 years but federal road to his Ota home was not done.

Is dat not d village of Boy Buhari yen?

Lies. This picture has nothing to do with ATM withdrawals.

This picture was taken during some physical verification exercise done at the bank

People need to stop spread lies and posting sensational threads to attract comments and I think that the nairaland mods should do something about this.

No doubt, queues at ATM machines have increased this yuletide season but posting this and passing it off as ATM queue is uncalled for.

Buhari oooooooo

bros you can lie eh! this is Texas City, (OT)

The poster is a big liar, Daura has only four banks which is first bank, unity bank, keystone bank and access bank so pls try and get d right info before posting thank u