PlayMaker14:
I support the CBN on this one.... They should not just withdraw their license, but also throw some of them into prison and use them as a scapegoat.

Country Bad, Country Bad, but you still dey press your fellow citizen for neck, looking for ways to extort each other.

If you check those POS agents giving this ridiculous charges, they always look unkempt, lack courtsey and look stupid.

PlayMaker14:
I support the CBN on this one.... They should n I'mot just withdraw their license, but also throw some of them into prison and use them as a scapegoat.

Country Bad, Country Bad, but you still dey press your fellow citizen for neck, looking for ways to extort each other.

If you check those POS agents giving this ridiculous charges, they always look unkempt, lack courtsey and look stupid.

Buddha3:


You ignorantly started an argument and when you realised your idiocy was being laid bare for the world to see, you deviated and decided to reel out half-baked details on an unrelated issue, just to save face.

Where in all of my submissions have I asked you about the reasons for money scarcity? Do I look to you like your regular nairalanders who lack the requisite information as regards the workings of our very dysfunctional society? Instead of you to keep quiet and take needed corrections, you're salivating everywhere and typing lengthy epistles that are of no relevance to the subject matter.

Calling you a cow is an insult to even Buhari's 150 barren cows in Daura... !

Helpfromabove1:
Were they given license in the first place


So if you did not give it what do U want to withdraw

Anybody can get pos for his or her business and they pos can also be use for pos business

CBN mob 2.7tr as at last Sunday and only printed 900bn in an election period that politicians need all the cash they can get is a policy that will guarantee public unrest and protest but unfortunately the same CBN is now going after POS and banks for its own policy failure

CBN should accept its policy failure and work a good solution not going after POS and banks

PlayMaker14:
I support the CBN on this one.... They should not just withdraw their license, but also throw some of them into prison and use them as a scapegoat.

Country Bad, Country Bad, but you still dey press your fellow citizen for neck, looking for ways to extort each other.

If you check those POS agents giving this ridiculous charges, they always look unkempt, lack courtsey and look stupid.

Irupetepete:
I operate a pos and in all ramifications, I am better than your entire generation...
What should I do? I bought 100k for 6k...
The cbn should have properly planned this before implementing...

PlayMaker14:
Dem never talk, a braggart like my father don dey talk about generation....

We are Poor biko, even our sense and mentality is of poor quality

.

Ketamine9000mg:
CBN always taking the wrong steps.
They caused inaccessibility of cash forcing POS operators to buy cash. I know an agent that said he bought 10,000 for 1,300 and he put his own charges at 1,500 for every 10,000 withdrawn.

People struggle to get money at ATM only to get between 2-5k per person.

Make cash available to the public and all these problems will die a natural death.

It is all CBN and the commercial bank fault.

Face the root cause and not just the complications.

Irupetepete:
My dad is useless

Reference:
Reformation is never a cake walk. I expect any serious government trying to control cash in circulation to do exactly this. For how can you be practicing a cashless policy yet have almost 80 percent of currency outside the banking system. That is untracked money, that is an economy within an economy. No government will accept that.

However the fact is that as long as institutions remain weak particularly those of the criminal justice system, shock therapy remains the only tool of government. For there are all sorts of laws that are serially broken for that amount of cash to have leached out of the central bank in the first place and the fears are real that if our laws can or will not be enforced wen the new currency will sooner or later find us way back to private 'central banks'.

Whatever we suffer today is of our collective making. Nigerians are by and large not ready or able to organize ourselves into a viable, progressive society.

Personally this is one incident that has affected me, perhaps not as much as others, but I cannot bring myself to complain about it because I know it is all a product of bad citizenship of which I am a Nigerian, just as I cannot complain about pesky police check points when I know my fellow citizens will exploit their absence to commit all manner of crimes if which I may become a victim.

Fellow citizens, if we don't restructure Nigeria we will suffer until our time on earth is over. My two cents.

SenatePresdo:


Banks are not giving out cash, both Old or New currency.

Many people are stranded.

POS agents buy their money from third party, and you expect them to give it out at normal charges?

superCleanworks:


so that means we should eat each other.
instead of eating the people causing us pain we turn around and eat each other.

shantti:


bank managers

Skankamola:

Do bank managers print money in their offices or what? You treally believe bank managers would suddenly decide to withold customers cash? Go and read about the current crisis facing lebanon you would get a glimpse of the real problem

shantti:


But you know that bank managers have been caught hoarding cash to sell them for profit, right?

Skankamola:

If you produce cars and the demand for your cars suddenly goes far higher than you supply, you would sell to the highest bidders first as a business man, thats normal business pattern. Blame who created the scarcity not someone trying to please his most important customers, if given same position you wont do different, its just business. Quit being emotional about the situation and face reality, the cbn has all the blame here.
Until they can produce and supply suffucient amount of cash to match what they have withdrawn from circulation there would be scarcity.
The governors, politicians, top business men all have access to the new currency, forget emefiele and his crap.

shantti:


It still doesn't make what the mangers are doing right.
It's the fault of the mangers calls if they are not hoarding cash and making only a single atm out of 5 to be dispensing 5k max, cash would have reached everyone