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Nairaland Forum / Nairaland / General / Politics / Reps To Summon Bank CEOs Over New Naira Note Scarcity (7641 Views)
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Reps To Summon Bank CEOs Over New Naira Note Scarcity by ijustdey: 1:37pm On Jan 24, 2023 |
The House of Representatives, on Tuesday, resolved to invite Deposit Money Banks, also known as commercial banks, on Wednesday over the scarcity of new naira notes.https://punchng.com/just-in-reps-summon-banks-over-new-naira-notes-scarcity/ 1 Like |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by polari: 1:38pm On Jan 24, 2023 |
Let them cry me a River. The scarcity of the new Naira Notes is all part of the plan. So the criminals don't start storing them up in place of the new Naira Notes. Guys please my appeal, please Deposit all your Old Nairaland note into your Account via the POS and pipe low for now until after the Deadline. Let the enemies of this country bring out all the Notes they have stored up in their GP Tanks and Underground. Guys make no mistake. This is the Buhari you Voted for in 2015. Better late than Never 28 Likes |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by JasonScoolari: 1:38pm On Jan 24, 2023 |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by Emmanuella00(f): 1:38pm On Jan 24, 2023 |
Let it be done and dusted. |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by Seun(m): 1:43pm On Jan 24, 2023 |
Please let journalists or the NASS ask the CBN how much money they have printed so far and how much they have distributed. Also, how much old notes they plan to withdraw and how much they have withdrawn. These are the basic facts that we need in order to ascertain the nation's readiness for the withdrawal of old naira notes at the end of this month. If we don't have these facts, we can't debate sensibly on the matter. 15 Likes 1 Share |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by slivertongue: 1:45pm On Jan 24, 2023 |
NIGERIA is a funny country |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by ecolime(m): 1:47pm On Jan 24, 2023 |
Seun:You are a wise man. They should also let us know how much each Bank has withdrawn so far. CBN shouldn't be pointing accusing fingers when they are the true cause of the shortages. 6 Likes |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by MansoryMX(m): 1:47pm On Jan 24, 2023 |
We lost the remaining sanity we have as a nation left the moment we had over Nigeria to Apc and Buhari because of some of una shouting sai baba in 2015. Right now Nigeria has lost all her glory, in chains like a mad nation and in serious bondage. If you people continue this Apc administration in another 8 years and not vote for either PETER OBI OR KWANKWANSO! If I nor see money use enter plane go Europe I go use boat because na Express junction we all go see ourselves they pick dirty eat for ground 😀 3 Likes 2 Shares |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by christejames(m): 1:47pm On Jan 24, 2023 |
Efforts in futility Buhari already said it "no going back on the adoption of the new naira note, and using of the old notes stop latest 31st January" 😂 😂 😂 |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by kingamaa(m): 1:48pm On Jan 24, 2023 |
Disunity in the house of money A house divided against itself |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by Libertypro: 1:48pm On Jan 24, 2023 |
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Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by Angelfrost(m): 1:48pm On Jan 24, 2023 |
I will keep saying it... Banks are the ones creating this scarcity of new notes. I suspect they are trading the new notes to elite politicians who intend to use them for votes buying. The corruption in the banking sector will shock Tinubu, Atiku, Ganduje, and Jonathan! 7 Likes |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by StrongAlphMale: 1:48pm On Jan 24, 2023 |
Prepare your mind for a New Nigeria. Peter Obi has come. Nigeria’s turn has come. From a Twitter president, he was promoted to a Tribal president. From a Tribal president, they promoted him to a Christian president. From a Christian president to president of Nigerian youths. From president of Nigerian youths, he will be promoted to President of Nigeria in 2023. It’s a process and we are happy with his presidential journey so far. 6 Likes |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by Lanre4uonly(m): 1:48pm On Jan 24, 2023 |
Ok. Fingers crossed. |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by Emyogalanya: 1:49pm On Jan 24, 2023 |
I think hoarding is taking place that's why it's very scarce. The banks are working for the rich ones and giving them the new notes in exchange for the old ones that they now feed into the ATM machines. To be given to the common man 2 Likes |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by Nobody: 1:49pm On Jan 24, 2023 |
APC has no business with governance. These people don't know anything. |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by adioolayi(m): 1:50pm On Jan 24, 2023 |
New Naira note is scarce...New Naira note is scarce.. Can someone explain where the money changers at social functions get the new Naira notes they are trading with at parties Your guess is as good as mine. The Banks CEO should go and explain themselves 2 Likes |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by Emperormartin(m): 1:51pm On Jan 24, 2023 |
Emefiele is a strong man |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by habsydiamond(m): 1:51pm On Jan 24, 2023 |
No bank take cbn serious even with the fine place on who doesn't comply yet they kept doing their thing the way they like.... It shows that cbn has lost it's strength as the apex bank in this country... these banks are busy selling the currency to the highest bidder.. if this is not corrected soon, I don't see that 31st set by CBN as the date for the usage of old notes as legal tender |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by Thomthom(m): 1:53pm On Jan 24, 2023 |
From fuel scarcity to Currency Scarcity nawaoo |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by Cherish233: 1:53pm On Jan 24, 2023 |
.. |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by vowiski(m): 1:53pm On Jan 24, 2023 |
Criminals… The masses are not complaining 😂 Anything to stop the drug baron from nearing the entrance of Aso rock is a welcomed development. |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by Menclothing: 1:56pm On Jan 24, 2023 |
Seun: Basic fact here 1 Like |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by valentineuwakwe(m): 1:56pm On Jan 24, 2023 |
What will they do after the summons? |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by Spiritmask: 1:57pm On Jan 24, 2023 |
No going back on the policy. If you like keep your old note. |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by CodeTemplar: 1:58pm On Jan 24, 2023 |
Lol... Banks have limit with how much cash they can hold in vaults. |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by tk4radi: 1:59pm On Jan 24, 2023 |
CBN SHOULD STRICTLY ENFORCE THE USE OF “DIGITAL MONEY-COUNTERS” In my own personal opinion: I think it is high-time the CBN makes and implement a very strong policy across-the-board to all the deposit-money-banks in Nigeria for the compulsory use of the “Digital Money-Counters” which read the Serial-Numbers on Naira Notes,, and do away with all these existing analogue counters. These special counters should be connected as “appendage hardwares” to computers; thus, the serial numbers of the cash that are withdrawn and/or deposited by the customers and/or clients of the banks would be recorded and stored in the bank’s database, and be readily released to the CBN at any time they might need it, either for recorded-keeping, statistics, or for tracking-and-tracing of cash. Stacks of cash that were previously counted and stored in the vault by such machines should have “Uniquely Generated Stack Codes”, and same should apply to “Bundles”; thus, whenever someone wants to withdraw money, the “Bundle/Stack Scanner” (from ANY bank across-the-board) would just have to scan the “Bundle-Code” or “Stack-Code” (as the case may be) and all the serial-number-identities of all the cash contained in such stacks or bundles (as previously counted and logged in the database) would be recorded against the withdrawer. For anyone that is paying-in or depositing money, the Money-Counter would have to count all the money all over again, without having to use the “Bundle/Stack Scanner”. I repeat, This policy would be very helpful for record-keeping purposes, for proper statistics of the money in circulation, as well as for proper tracking and tracing of the cash in circulation. As for some distress withdrawals (Such as RANSOM), or in the case of theft or robbery where the serial-numbers can easily be ascertained based on the “bundle/stack identities”, such monies can be reported to the CBN by the bank. In the case of “withdrawal for ransom” the withdrawer should pre-inform the bank, so that the money to be withdrawn can be reported to the CBN for it to be marked; and thus, all such notes would be RED-FLAGGED Nationwide. Once any Money-Counter (anywhere across the nation) starts seeing any of such money, it would immediately alert the CBN, and the Bank would get the Police to be aware of such discoveries... With this, it would be very easy to know and track the Depositors of such money, and that would very much aid the Police in their investigations. This particular policy is not in any way going to violate the “Privacy Policy”. Once everything is normal, there is no need to violate any privacy policy (the protection of the private information of the customer, and non-disclosure of such private information to any third-party). But once there are activities in any person’s account that requires the attention of the Law Enforcement Agents, it means that the rights of other citizens are hampered, and thus, “upholding of national values” takes precedence over “Privacy Policy”, even without the attention of the customer/client, so that the law will take its full course, irrespective of the privacy policy. The Summary Of Everything I Just Wrote Here Is: “LET CBN MAKE IT A STANDING POLICY FOR ALL THE BANKS IN NIGERIA TO BE USING ‘DIGITAL MONEY-COUNTERS’ IN ALL THEIR OPERATIONS”. 2 Likes 1 Share |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by mannobi(m): 2:00pm On Jan 24, 2023 |
In all of these, Emefiele deserves straight slaps from every Nigerian for the nonsense he did 1 Like 1 Share |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by phoneport(m): 2:02pm On Jan 24, 2023 |
Reps my left foot... As if they are not the ones the Criminal Bank CEOs are hoarding the New Notes for. Shea una dey wine us nii. |
Re: Reps To Summon Bank CEOs Over New Naira Note Scarcity by MorolayoVictor(m): 2:03pm On Jan 24, 2023 |
I support. |
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