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Nairaland Forum / Nairaland / General / Business / Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) (76668 Views)
Naira Redesign: Bags Of Damaged Naira Notes Discovered (Video, Pictures) / Another Millions Of Rotten And Decay Naira Notes Discovered In A Private Home / Another Hidden Huge Naira Notes Discovered In A Private Residence (2) (3) (4)
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Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Oluwafomimo(m): 9:43am On Nov 18, 2022 |
Nawa ooo |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by yuzjet(m): 9:43am On Nov 18, 2022 |
Nawa oo |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Realmi: 9:44am On Nov 18, 2022 |
..this redesigning of naira eh,, e go expose all those people wey hide money inside soak away |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by pacespot(m): 9:44am On Nov 18, 2022 |
Omoh, Nigerian politicians are evil |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Chibaby87(f): 9:45am On Nov 18, 2022 |
We are crying of poverty, some greedy men and women carry our money hide. God will punish them. Rich are getting richier everyday while poor are getting poorer everyday. Nigerian are governed by greed people. 2 Likes |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Funflipper: 9:46am On Nov 18, 2022 |
faceland: Only a clean millionaire can do that. The cash was put there for the sole purpose of hiding it which means it is dirty money yet to be cleaned up. 2 Likes |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by casualobserver: 9:48am On Nov 18, 2022 |
Biodun556:. That’s not how loans or the banking system work. It’s not the physical money that is loaned out. Loans are virtual (electronic) money. Banks create money when they make loans. If a bank gives you a loan you don’t get the physical money, they press a button and the figures appear in your account. If a bank has 10m, it can loan say 5m out 30 times to 30 different people just by pressing buttons without printing a single physical bill. The reason banks can’t give out loans in Nigeria is there aren’t enough credit worthy people or businesses who can be given loans. 2 Likes |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Greenfaces: 9:50am On Nov 18, 2022 |
Chibaby87:your money lol. |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Blaze14k: 9:51am On Nov 18, 2022 |
Why una dey carry old video around like this was just yesterday |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by chijiokecosmos: 9:51am On Nov 18, 2022 |
Biodun556:Make una leave Tinubu's money for him. |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by iHateFraudsters: 9:52am On Nov 18, 2022 |
faceland: Actually, no. It's going to be very difficult to move large amounts of cash again. The point of this all is to enforce the cashless policy. 2 Likes |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by TOPCRUISE(m): 9:52am On Nov 18, 2022 |
Kidnappers have stopped kidnapping because of new naira notes that will be introduced 2 Likes |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by uptownemmygee(m): 9:53am On Nov 18, 2022 |
When person no be escobar |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by HRMK: 9:54am On Nov 18, 2022 |
SO,THIS MUCH IS OUT OF THE SYSTEM?NAWA OOO...... |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Princess80(f): 9:54am On Nov 18, 2022 |
hmm |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by nedekid: 9:54am On Nov 18, 2022 |
Na wah. The other day, 2 trailers of rotten notes. Today, money placed outside to sun dry. |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Biodun556(m): 9:57am On Nov 18, 2022 |
casualobserver: Not true Bank can never give out what they don't have. If generation of ghost figures as loan in is true as you claim where will the creditors get the cash from? 1 Like |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Emmanuel602(m): 9:57am On Nov 18, 2022 |
Very old video |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by EmmaLege: 9:57am On Nov 18, 2022 |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by casualobserver: 9:57am On Nov 18, 2022 |
Biodun556: You clearlydon’t understand the financial or banking system 1 Like |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Fearyourcreator: 9:58am On Nov 18, 2022 |
Biodun556:100 |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Albertgr8: 9:58am On Nov 18, 2022 |
WHO is the owner no body Fake News again from APC government |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by KangaIye: 10:00am On Nov 18, 2022 |
Please I need this money to sort out some pressing need. |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Biodun556(m): 10:00am On Nov 18, 2022 |
casualobserver: If that's the case no bank should collapse |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by kingyakos: 10:02am On Nov 18, 2022 |
I said it here that due to investigation the CBN discovered that much money are not in circulation in the country, the currency wasn't flowing as it supposed to and as the result of this causes low purchasing power. Politicians and BDC stockpiling our naira should be arrested. 1 Like |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Originalsly: 10:02am On Nov 18, 2022 |
Drying notes yes .... but why not show the house? .... nor give the address? ... who is the owner? ... who is it spreading the notes ... Police? ... and what is being blurred in the video? This may very well be notes dried in a bank. 1 Like |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Dubemchi(m): 10:05am On Nov 18, 2022 |
The Lord is our strength |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by casualobserver: 10:07am On Nov 18, 2022 |
Biodun556: Like I said you are an ignoramus. When people talk about their area of expertise, you shut up and listen. Bank lending is like a legitimate pyramid/ponzi scheme. Like I said a bank can have 10m and lend 10m to 100 people. So long as the borrowers are credit worthy and pay their loans as and when required, the banks make money and the borrowers and depositors are happy. That is why banks cannot afford to lend to people who Are at risk of default because they can bring the whole system down. That is also why borrowing rates in Nigeria are high to factor in the risk of defaults The reason why loans are difficult in Nigeria is that 1) there is no institutionalized credit bureau to track who is credit worthy 2) most people are self employed and their income cannot be verified. 3) most people go to banks with emotional or unbankable business plans. Bank lending has nothing to do with physical money. If GT bank lends you 5m, you are not going to walk away with 5m cash, they will “credit” your account with 5m. If you want to use the money to buy a car at Emeka motors, you will transfer the money to Emeka’s account at Zenith. No cash involved. Yes there will be a few cash withdrawals but the majority of the transactions involve pressing buttons to move money around, no cash involved. The banking credit system is based on virtual money moving around electronically based on deposits by depositors. Like I said Gy bank can lend the money you deposited to 1000 different people SO LONG AS THEY ARE CREDIT WORTHY AND CAN OAY BACK. 2 Likes |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Nobody: 10:07am On Nov 18, 2022 |
oz4real83:but Naigeria do not have the technology for cashless transactions, they don't even have common electricity to run a cashless transactions and what about the petty market traders, street hawkers, food sellers and other menial jobs paid in cash? How will they do transactions cashless? |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by WowSweetGuy(m): 10:08am On Nov 18, 2022 |
Na Tinubu backyard Greedy old man |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Bobbiee: 10:09am On Nov 18, 2022 |
Why are all these things coming to light recently |
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