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Nairaland Forum / Nairaland / General / Business / Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests (64072 Views)
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Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by lexy2014: 4:12am On Feb 08, 2023 |
900warriorz: how should that now result in people suffering and being unable to have access to their cash for daily sustenance? |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by lexy2014: 4:14am On Feb 08, 2023 |
SeniorMan715: did you hatch the plan with them? |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by lexy2014: 4:21am On Feb 08, 2023 |
Blaze14k: who will put in the same effort to check the FG? a month to the cash policy dealine, emefiele bolted out of nigeria and stayed in London for about a month. why would a CBN governor go and hide in London after setting a deadline for something when he was supposed to be in the country to oversee the implementation of such a critical policy? in his absence, his deputies met with legislators at the National Assembly. when asked how much new notes were printed to replace the old notes, the deputy governor said she didnt know. if the CBN was this unserious about its own policy, where was the success for the policy going to come from? 1 Like 1 Share |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by bdon123(m): 4:38am On Feb 08, 2023 |
Officialgarri:M glad u said seamless redesign of currency has previously taken place.The only diff right now is APC politicians hav vowed to frustrate d policy as they are relying on stolen wealth to buy votes. D only blame i hav wit CBN is not to forsee sabotage n making necessary arrangements wit efcc n icpc n DSS to arrest |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by SaLongs1(m): 4:39am On Feb 08, 2023 |
habsydiamond:I will always say this... Nigerians have a way to turn positive intentions from the government into pain for the masses despite our show of religious piety. 2 Likes 1 Share |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by professorPABX: 4:52am On Feb 08, 2023 |
chisomkachy: ICPC this is very shameful of you. ICPC is now playing an ETHNIC CARD because yorubas are liberal. Despite the liberality of the Yorubas, other tribes that are fanatically self centred are taking Yorubas for granted. 1. On the 4th of February, ICPC said an Osun FCMB manager loaded ATM with cash bound with wrappers. https://www.nairaland.com/7553745/icpc-arrests-osun-fcmb-manager/5#120632347 I complained that is it because FCMB belongs to Yorubas? Well known Banks with hundreds of branches are not paying. They are frustrating millions of their customers, you are talking about FCMB. Is Zenith Bank Branches at Osun State paying? Now, ICPC picked another Bank (Sterling) belonging to Yorubas as major shareholders as culprit. Is Sterling Bank the reason Access Banks lock customers outside gate? Is Sterling Bank the reason Zenith Bank pays 2K to 5K in some branches? |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by lexy2014: 4:54am On Feb 08, 2023 |
Officialgarri: but this is what the APC and buhari that you have supported all these years has given to nigerians. am glad buhari has by himself convinced you that he has failed in this simple task much more than his predecessors |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by professorPABX: 4:56am On Feb 08, 2023 |
lexy2014: ICPC, this is very shameful of you. ICPC is now playing an ETHNIC CARD because yorubas are liberal. Despite the liberality of the Yorubas, other tribes that are fanatically self centred are taking Yorubas for granted. 1. On the 4th of February, ICPC said an Osun FCMB manager loaded ATM with cash bound with wrappers. https://www.nairaland.com/7553745/icpc-arrests-osun-fcmb-manager/5#120632347 I complained that is it because FCMB belongs to Yorubas? Well known Banks with hundreds of branches are not paying. They are frustrating millions of their customers, you are talking about FCMB. Is Zenith Bank Branches at Osun State paying? Now, ICPC picked another Bank (Sterling) belonging to Yorubas as major shareholders as culprit. Is Sterling Bank the reason Access Banks lock customers outside gate? Is Sterling Bank the reason Zenith Bank pays 2K to 5K in some branches? |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by professorPABX: 5:05am On Feb 08, 2023 |
lexy2014: Emefiele left Zenith Bank as MD. Emefiele is Jim Ovia most trusted aid. Zenith Bank refused to pay new notes. Is it FCMB or Sterlin Bank that is collecting Money allocated by Emefiele to his Zenith Bank? Zenith Bank has more Branches than FCMB and Sterling Bank and is allocated more money than these Banks yet pay little or nothing in most of their branches nationwide. Where is the huge money allocated to Zenith Bank? Where is Okowa? |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Ebuscoee(m): 5:06am On Feb 08, 2023 |
You don't follow up on news at all. It's very obvious you are APC sympathetic. Officialgarri: |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Donedeal1(m): 5:14am On Feb 08, 2023 |
Clueless redefined. |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Illegal1(m): 5:19am On Feb 08, 2023 |
There is God |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by coldFLARES1(m): 5:25am On Feb 08, 2023 |
virginboy1:Here's someone who sees it fairly clearly! In all of these chaos, the CBN has has come out to tell us how much has been mopped up and what volume of cash has been released in comparison. We need that data to know the ratio. You can't actually draw a volume out of a system and expect say 20% replacement to make things normalise. Things are really very bad on the streets and would get worse with a brutal reaction from citizens if this opacity is continued. While,I'd commend the ICPC for its small efforts, it should just go take a rest and seek answers to the vital questions first so we know where to apportion the greater blame. No way you'd tell me to put the bulk of the blame on a branch where #5m is hidden whereas the CBN may have, hypothetically, printed 300bn after mopping up say2.3trn. 2 Likes |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Berankis: 5:26am On Feb 08, 2023 |
Officialgarri:Thank you so much! This is actually my reasoning. They are now trying to turn the table against the commercial banks, making them look like the saboteurs, whereas, they setup the whole confusion and choas which I believe is largely political. 1. Even with the discoveries of undistributed/hoarded ccash in the commercial banks,I still believe the CBN hasn't released/distributed enough cash to go round. 2. The timeline is too sudden to retrieve all the old naira notes and distribute the new ones, hence the panic. I still have old notes with me that I didn't deposit, that is what I have been living on and still not sure if it's going to expire or not by 10th. |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by AngelicBeing: 5:29am On Feb 08, 2023 |
modath:Excellent, glad to hear that you are doing well, lol at commitment ear and dear, una go kill person with laugh for nairaland.com, Have a Nice day Modath the Strong and iron lady of Nairaland.com politics section 1 Like |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by lagosrd: 5:31am On Feb 08, 2023 |
Officialgarri: CBN has no issue and no fault. Let's be sincere. The commercial banks are something else. They are bunch of rougues in shirt and tie. They get soft loan from the CBN and split it into 3 to make 90% interest per anuum. Is that CBN faults to. Where do people who sell money in parties see them, do they buy from CBN too. Why is it always difficult to get your money out most times by month end ? Is that CBN too? Why keep the money that was given to you by CBN, is that the apex bank fault to? It equally means the money has been given out to them and they are waiting for their political ogas who are assuring them that nothing will happen against the wishes if the masses. They deduct all manners of charges from your account until the account hits zero , card maintenance, monthly charges, 3alerts on a single transaction, network issues , yet you want to blame the CBN. I mean it's a no no. If they had distributed the money, there wouldn't have been any destruction of properties and break down of law and order. When you are saving your money, they smile but to get it out, it's usually a serious wahala. They should be held accountable for their actions. And let's leave Emiefele alone, let's leave CBN alone. The commercial banks have over 3 months to have upgraded their IT infrastructures but they didn't , they are making money like armed tobbers and yet refuse to spend same money on the IT guys who are leaving in their drooves. 1 Like |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Nobody: 5:36am On Feb 08, 2023 |
BAZ001:Oga, how much you yourself you de withdraw in a year.. no lie.. De speak for yourself abeg! |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by lexy2014: 5:40am On Feb 08, 2023 |
professorPABX: I don't follow. Is this for me or someone else? |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by lexy2014: 5:42am On Feb 08, 2023 |
professorPABX: What has this got to do with my post? |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by coldFLARES1(m): 6:02am On Feb 08, 2023 |
FireUpNow:e get the way una dey look this thing wey e no clear. Sell to POS operators bi ti bawo? How much is to be made from such base transaction? The patron that offers the bigger kickback is that man that has a vault with ill-gotten funds who'd be ready to part with a fair percentage of his accumulations so as to get the new notes without documentation. And the problem with that is that, he goes back to store his new notes thus constricting the supply of the new notes and causing the dislocations we're witnessing currently. Oh, you think those terrorist mocking the CBN governor about being in possession of vast sums of the redesigned notes exchanged it at the bank/CBN after proper documentation? Dey there dey jonz! For me, I know the proper backlash would get to them when they'd tell the frustrated poor to lose their paltry sums after they messed up a process that's not as difficult as quadratic equation. |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by izubext007: 6:07am On Feb 08, 2023 |
The power of jagaban |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by mikeapollo: 6:09am On Feb 08, 2023 |
chisomkachy: N258m cash in the headquarters of a bank is nothing to make headlinea about! That money is too small for even just 1000 customers |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by HardMirror(m): 6:11am On Feb 08, 2023 |
NoToPile:yes. Banks are not supposed to hoard money. Their job is to hold the money for you and when you want to withdraw, they make it available. But in this case they have custommers that want to withdraw and they are refusing to give the money. By the way 250million is too small for sterling bank head office. Cbn should do better. |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Nobody: 6:19am On Feb 08, 2023 |
HORLADY:I tire, if small sterling can do this I wonder what big Haaland will do. |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by jaytee01(m): 6:29am On Feb 08, 2023 |
bonechamberlain: 1 Like
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Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Livingstone124: 6:34am On Feb 08, 2023 |
bonechamberlain:JESUSUU
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Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by cuteboy2: 6:34am On Feb 08, 2023 |
Everything Buhari touches turns to dust. I doubt the man knows how to wipe his ass after poo poo 💩 Officialgarri: |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by mading951: 6:40am On Feb 08, 2023 |
lordm:There is no mark or name poster you can see at BenefitsCal |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by doneback04: 6:41am On Feb 08, 2023 |
1 Like |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by zedegit: 6:42am On Feb 08, 2023 |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by zedegit: 6:44am On Feb 08, 2023 |
HORLADY: Imagine how much first bank, zenith Bank and others have in their vaults. |
Re: Naira Redesign: ICPC Busts Sterling Bank, Discovers N258m, Makes Arrests by Blaze14k: 6:51am On Feb 08, 2023 |
lexy2014: Emefiele was threatened with dss arrest that was why he didnt come back and i believe he phoned the president based on the arrest. Its now clear that tinubu's camp were the people who wants emefiele arrested. From my point of view i think buhari has betrayed tinubu cos he wont let him rig the election to his favour. Lets see how it plays out |
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