christinie:
Tell them dear.
I got no pity for all the morons who voted good GEJ out. They will suffer and smile for four years.

M4gunners:
Amen on behalf of those morons.

mikolo80:

loo hoo hoo ser
Hahahaha
don't worry I understand
na so agama lizard de congratulate hissef

christinie:
Hissef. Oyibo! Oya supu.



Primary school drop out.



Who let the dogs out??!!!??

Trut:


My dear, I don't have pity for anyone who lost his or her job. They all voted for CHANGE.

Trut:


My dear, I don't have pity for anyone who lost his or her job. They all voted for CHANGE.

mikolo80:


how by losing
see don't deceive yourself
he couldn't rig cos his governors were bad candidates compared to tinubu performers.

Perfoming govnors like aregbe,fayemi,ajumobi.
Can u bet with your life that APC didnt rig the election? Imagine a boko haram ravaged states having millions of votes, compare to south.




where.

In nigeria,in your street... Even our saviour buhari attest to that last month(the refineries and other goodnews we are seeing)..

losing due to being afraid of world court and genocide is not a trait to be admired.he lost woefully. even after rigging.

Hahahaha,yes he lost in every state. And please what was the final result difference?.
He may ve lost the election but he has won my heart.. Baba iyabo can never accept defeat, our saviour buhari will ask for blood.
I wish buhari goodluck.

wirinet:
No wonder your people excel in fictional literature, you just sit down an imagine stories without recourse to reality. Why not tell us how many bankers lost their job under Jonathan's reign?

see the links below;

https://www.nairaland.com/356403/zenith-bank-downsizes-600-employees
https://www.nairaland.com/1536315/massive-sack-union-bank
http://www.businessjournalng.com/first-bank-may-sack-2740-over-branch-downsizing/
https://www.nairaland.com/857072/access-bank-sacks-1500-intercontinental
https://www.nairaland.com/998989/unity-bank-retires-500-workers

These are just a tip of the iceberg as the number of bank workers sacked or retrenched in the last 6 years is huge.

You were not concerned about the tens of thousands of bankers that have lost their jobs within the last 6 years, why are you suddenly concerned now?

jaybee3:
So few thousands lost jobs and their respective families thrown into high degrees of bother as a direct result of the TSA policy.

We agree that it's one of the disadvantages of introducing such policy in tough economic climate but what about the advantages:

Millions more will hopefully feel the effect of good governance as well as provision of basic infrastructure due to the obvious resultant effect of closing avenues that govt departments have been using to siphon money.

It will force the banks to reduce their dependency of govt departments deposits and in turn ensure they become innovative on their business models which will hopefully strenghtne their ethics and best practices.

Excerpts from IMF paper => https://www.imf.org/external/pubs/ft/wp/2010/wp10143.pdf
"
The primary objective of a TSA is to ensure effective aggregate control over government cash balances. The consolidation of cash resources through a TSA arrangement facilitates government cash management by minimizing borrowing costs.5 In the absence of a TSA, idle balances are maintained in several bank accounts.6 Effective aggregate control of cash is also a key element in monetary and budget management.

There are other objectives for setting up a TSA. They include: minimizing transaction costs during budget execution, notably by controlling the delay in the remittance of government revenues (both tax and nontax) by collecting banks, and making rapid payments of government expenses; facilitating reconciliation between banking and accounting data; efficient control and monitoring of funds allocated to various government agencies; and facilitating better coordination with the monetary policy implementation.
The benefits of a TSA flow from its objectives:

Allows complete and timely information on government cash resources. In countries with advanced payment and settlement systems and an Integrated Financial Management Information System (IFMIS) with adequate interfaces with the banking system, this information will be available in real time. As a minimum, complete updated balances should be available daily.

Improves appropriation control. The TSA ensures that the MoF has full control over budget allocations, and strengthens the authority of the budget appropriation. When separate bank accounts are maintained, the result is often a fragmented system, where funds provided for budgetary appropriations are augmented by additional cash resources that become available through various creative, often extrabudgetary, measures.

Improves operational control during budget execution. When the treasury has full information about cash resources, it can plan and implement budget execution in an efficient, transparent, and reliable manner. The existence of uncertainty regarding whether the treasury will have sufficient funds to finance programmed expenditures may lead to sub-optimal behavior by budget entities, such as exaggerating their estimates for cash needs or channeling expenditures through off-budget arrangements.

Enables efficient cash management. A TSA facilitates regular monitoring of government cash balances. It also enables higher quality cash outturn analysis to be undertaken (e.g., identifying causal factors of variances and distinguishing causal factors from random variations in cash balances).

Reduces bank fees and transaction costs. Reducing the number of bank accounts results in lower administrative cost for the government for maintaining these accounts, including the cost associated with bank reconciliation, and reduced banking fees.

Facilitates efficient payment mechanisms. A TSA ensures that there is no ambiguity regarding the volume or the location of the government funds, and makes it possible to monitor payment mechanisms precisely. It can result in substantially lower transaction costs because of economies of scale in processing payments. The establishment of a TSA is usually combined with elimination of the “float” in the banking and the payment systems, and the introduction of transparent fee and penalty structures for payment services. Many governments have achieved substantial reductions in their real cost of banking services by introducing a TSA.

Improves bank reconciliation and quality of fiscal data. A TSA allows for effective reconciliation between the government accounting systems and cash flow statements from the banking system. This reduces the risk of errors in reconciliation processes, and improves the timeliness and quality of the fiscal accounts.

Lowers liquidity reserve needs. A TSA reduces the volatility of cash flows through the treasury, thus allowing it to maintain a lower cash reserve/buffer to meet unexpected fiscal volatility."

mikolo80:
Aaahhg quick somebody get the doctor. 500mg of tranquilizer. lunatic on the loose. muttering gibberish

christinie:
last time in history: I'm a mad man calling an ambulance for myself.I shall Continue.

christinie:
I spent about 3 hours yesterday at Zenith Bank because they had only one cashier issuing out money to their customers.


All the other cashiers had been sacked.




Welcome to change!!!

mikolo80:
off course they rigged. are you a learner.
if e easy why him no rig
even after sharing 2 trillion in 6 weeks
he still lost. cos you can't rig where you're very unpopular.
they are performing by gej standard (shows you how bad he was)
abegabegabeg make we hear word
refineries that did not work for 8 yrs somebody made it work in 2 months you're claiming it. you believe they would work if the doofus had won then you better move to bayelsa. the mumu is begging ppl to vote for his wife's candidate so that we won't laugh at him, pathetic.
he only one in east and south south due to tribalism. and the rigging no make sense but we still won.
too bad your heart not enough to give him victory
that's how winners roll
they never accept defeat

Trut:


That's the real CHANGE they demand for, so they should enjoy negative effects while it last

Blackfire:


jona shared 6 trillion for election?eyin aye e tun tide.

If jona won down south beacause of tribalism.. So buhari won in the north because he can sing azonto? Again u mean to tell me jona only won in the south?.

About the refineries didnt u see our saviour buhari saying it on the news, that the credit should not be given to him? .

Finally i am a winner.. Why? Any decision buhari take will affect me and u.. When i go to the bank, the wont tell me to go back, or tell u to carry there ATM because buhari won.

christinie:
Exactly. People were complaining bitterly. I had to take it upon myself to explain to them that that's part of the change. Retrogressive change.

Trut:


They are enjoying the change now

mekaboy:
Its no big deal bro. They will simply feed on buharis body language. Its enough to sustain them.

christinie:
Hahahaha sweet change.