Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,288 members, 7,818,980 topics. Date: Monday, 06 May 2024 at 09:22 AM

CBN Makes SMS Alert Mandatory For All Account Holders - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Makes SMS Alert Mandatory For All Account Holders (25045 Views)

Firstbank Current Account Holders Pls Help / Cbn Makes N3.3 Billion From Banks’ Borrowing / Panic In Nigeria As MMM Freezes All Account (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: CBN Makes SMS Alert Mandatory For All Account Holders by ithink7: 12:23am On May 18, 2017
deebsman1:
When he was appointed CBN gov, people here on NL kuku said it that d guy na anti people and most even referred to how he used to be d main promoter of contract staffing against full staffing at Zenith bank.
SLS removed 100 naira withdrawal from ATM, emefiele restated it, SLS did a lot of other pro-people policies, only for dis guy to just major in reversing any good policy helping people aside for his loot loot of d treasury he's doing 2geda with his colleagues. God is watching him sha
Re: CBN Makes SMS Alert Mandatory For All Account Holders by bigtt76(f): 5:15am On May 18, 2017
At this rate, they will soon mandate every account holder to own a hardware token and ensure they transfer in and out of their accounts twice a month to keep it active..... Useless people! Wonder what Emefiele still doing there
Re: CBN Makes SMS Alert Mandatory For All Account Holders by k9ine(m): 5:44am On May 18, 2017
A well crafted and approved criminally-minded way to steal from depositors.
Is CBN telling us that accounts having T-alert and a depositor's fund is fraudulently taken, means that the bank must compensate the owner?
Or,
How does refusing a T-alert on one's account free the bank from its responsibility to a customer whose funds are stolen?

This is purely a move by the CBN management to:
- helps the banks make more money while customers loose theirs through phoney charges.
- Remove any and all liability whatsoever from the banks on defrauded customers. There is no correlation between SMS charges and preventing a fraud, because if one gets an alert it means he/she has been hit already. Moreso, in Nigeria its 1 in a million chances that the bank will claim liability, it will always find a way to say you were careless with your account security profile. I have withnessed it firsthand.
- help a directionless and inept FG scoop money from Nigerians through VAT charges on such revenues.
Re: CBN Makes SMS Alert Mandatory For All Account Holders by k9ine(m): 5:51am On May 18, 2017
Trully a kid, or was denied the opportunity to learn Business Studies and Economics in Secondary school.
Let's offer our sympathy to him/her. Its a terrible thing either way.

ithink7:



This kid, you know nothing about banking. Have you ever work to earn money in your life. What hapen to the interest the banks make when they use your money for business.

If you borrow 1m from a bank to do business, you pay back at least 1.24m. That's 240,000 naira interest the bank collect from a borrower on your money you keep with them.

Question: Are they suppose to share that profit with you "the owner of the money"?
Answer: Yes

But instead, they want to steal from your 1m and return 900k to you. That's the evil we are talking about.
Re: CBN Makes SMS Alert Mandatory For All Account Holders by hertz9te(m): 6:31am On May 18, 2017
ithink7:



This kid, you know nothing about banking. Have you ever work to earn money in your life. What hapen to the interest the banks make when they use your money for business.

If you borrow 1m from a bank to do business, you pay back at least 1.24m. That's 240,000 naira interest the bank collect from a borrower on your money you keep with them.

Question: Are they suppose to share that profit with you "the owner of the money"?
Answer: Yes

But instead, they want to steal from your 1m and return 900k to you. That's the evil we are talking about.
so they should rely on profits collected from a few loan takers to keep paying their staffs every month and run maintainance of branches?...wow,clap for yourself..obviously you know nothing about business adminstration and cash inflow.
Re: CBN Makes SMS Alert Mandatory For All Account Holders by SlickM(m): 10:43am On May 18, 2017
hertz9te:
so they should rely on profits collected from a few loan takers to keep paying their staffs every month and run maintainance of branches?...wow,clap for yourself..obviously you know nothing about business adminstration and cash inflow.
Let me educate you real quick. Now, How do banks make money? Their major source of revenue is and will never be through sms alerts. Since you are too lazy to google how banks make money, let me spell it out for you.
1. They make investments with depositors' funds. They invest in real estates and what have you (That's why banks encourage savings by paying interests on savings as well as fixed deposits)
2. Through loans. You should know this
3. Buying and selling of currencies
and the list goes on. I asked that they deactivate my sms alert more than a year ago sef for two reasons ( why do I need sms alert when I have push email on my phone and both sms and email alert come in at the same time? Seems like wastage to me and then email alert is free. The second reason was to check fraud ans fraudsters operate by sending sms alert)
Re: CBN Makes SMS Alert Mandatory For All Account Holders by ROBO1722: 5:05pm On May 18, 2017
IS ALL ABOUT MAKING MORE MONEY……………….SIMPLE WAY OF FORCING THE POOR TO CONTRIBUTE
Re: CBN Makes SMS Alert Mandatory For All Account Holders by AfroKnight: 5:25pm On May 20, 2017
eliascomm55:
I deactivated mine thru this channel

Nice. Thanks for the info. Have you noticed any further sms alerts since you deactivated?

(1) (2) (3) (4) (Reply)

Power-Drunk Customs Officials Loot Traders' Shops Overnigh At Agip Market, Lagos / Shoprite Speaks Out Against Xenophobia / 7 Reasons Why 2017 Will Be Tougher For Some Nigerians

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 21
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.