werepeLeri:

Even in developed countries, example in the UK- if you like have billions in your account - the maximum you can withdraw over the counter per day is £1200, and from an ATM - £300:00. If you want more than 1200 pounds in a day, you have to tell the bank on time and they will book you in for a day to come- so, what are the bush people in Nigeria shouting about?

You want to be like the developed countries, yet you dont want to do like they do.

OP - if you like bury your money inside the toilet, noone cares. You need to chill and think right before you call another person names.

djustice:

I have thought about it and you're a compound fool. You really must have a serious case of werepe on the brain.

Who told you that there is a withdrawal limit of £1,200 in the UK From the ATM, maybe, but no limits from your account, mate!

Since you're talking about "developed countries", why doesn't your oga copy the good things from those places After all, for instance, banks in the UK are required to publish ALL their charges and fees for the benefit of their customers. We see no such thing here. During Soludo's time, they started doing it, because the Central Bank forced them to, and monitored their compliance. Sanusi doesn't care about such trivial details. Islamic Banking is all that's been on his mind, along with killing the Southern Banks.

There are no Cash Withdrawal Limits, as far as I'm aware. The only requirement some banks have is you have to book cash withdrawals if they're over a certain amount. There are no penalties or charges for this.

You think everybody is as mumufied as you are, never having been to "developed countries"! Chai! Illiteracy is a terrible thing. Ignorance is even worse.

werepeLeri:

Two things are possible here. You and your entire family have never had up to £1200 in the bank in the UK, hence you do not have a reason to know there is a limit on the amount you can withdraw from your bank in cash from the UK- I know because I bank with Bank of Scotland/Halifax and I have multiples of that amount in the bank - LOL - so I excuse your ignorance.

Two - you don't live in the UK, hence you are local to Nigeria and know nothing about banking system elsewhere.

LOL.

Name calling is your characteristics, so, keep calling people names, it is a sign of your demented brain.

LOL

Jakumo:

Please remember to keep a large stack of cash at home, so as to be in compliance with the statutes written in stone by the Nigerian Armed Robbers Coalition (NARC).

djustice:

I still visited the US in 2010 from the UK with $50,000 cash in my hand.

Seun:

@Jakumo: why are you assuming that the cash was not listed in the customs declaration list?

werepeLeri:

Even in developed countries, example in the UK- if you like have billions in your account - the maximum you can withdraw over the counter per day is £1200, and from an ATM - £300:00. If you want more than 1200 pounds in a day, you have to tell the bank on time and they will book you in for a day to come- so, what are the bush people in Nigeria shouting about?

You want to be like the developed countries, yet you dont want to do like they do.

OP - if you like bury your money inside the toilet, noone cares. You need to chill and think right before you call another person names.

abouzaid:

Ha ha, how can traders run their businesses if they can not withdraw more than 100k a day. I will really like to see how this one plays out but pls don't insult ppl religion cos this is sanusi issue not quran after everybody suffers the consequences of this governments misadventures

Two things are possible here. You and your entire family have never had up to £1200 in the bank in the UK, hence you do not have a reason to know there is a limit on the amount you can withdraw from your bank in cash from the UK- I know because I bank with Bank of Scotland/Halifax and I have multiples of that amount in the bank - LOL - so I excuse your ignorance.

Who told you that there is a withdrawal limit of £1,200 in the UK From the ATM, maybe, but no limits from your account, mate!

manny4life:



I doubt even with a declaration list, for $50 000, hmmmm. What happened to electronic wires?

werepeLeri:

Even in developed countries, example in the UK- if you like have billions in your account - the maximum you can withdraw over the counter per day is £1200, and from an ATM - £300:00. If you want more than 1200 pounds in a day, you have to tell the bank on time and they will book you in for a day to come- so, what are the bush people in Nigeria shouting about?

You want to be like the developed countries, yet you dont want to do like they do.

OP - if you like bury your money inside the toilet, noone cares. You need to chill and think right before you call another person names.

akinwole21:

E-Banking is a very good idea that can help reduce the risk of Armed Robbery and circulation of Cash in and outside the bank. Although there are some points which needs to be addressed.

Are the banks ready to embrace this new development?

Do they have a sufficient technology and expertise to service their customer?

what happens in a case of fraud, is there any functioning policy or law on ground to manage it?

As much as the background (foundation) is not set right, anything built on this will fail

emmatok:

Nonsense, you can spend as much as you want from your account, if done through e-banking or cheque issuance.



E-banking is created to reduce too much cash in the system and  not to reduce spending.

Even in developed countries, example in the UK- if you like have billions in your account - the maximum you can withdraw over the counter per day

emmatok:

Nonsense, you can spend as much as you want from your account, if done through e-banking or cheque issuance.



E-banking is created to reduce too much cash in the system and  not to reduce spending.

Jakumo:

It is actually a criminal offence to carry more than ten thousand US dollars cash into the United States, PARTICULARLY if that cash is NOT listed on the customs' declaration sheet that is handed out to airline passengers shortly before landing in their first airport of call in North American territory.

Assuming that the above claim is not bogus, consider yourself VERY lucky indeed, that Mr.Customs man did not spot your cash stash and hand you over to the IRS for a friendly chat, followed by a swift trial and some slammer time for currency smuggling.

djustice:

If you call my brain demented, yours must be completely liquefied.

So, because you have a few thousand quid in BOS/Halifax, you think that qualifies you to talk rubbish?? Poverty is a terrible thing o! One, I may no longer live in the UK, but used to, and still maintain accounts with Barclays and LloydsTSB there. I have been with both so long, I have NO cash withdrawal limits on MY accounts. Obviously, the rules for plebeians like yourself are much different.

I still visited the US in 2010 from the UK with $50,000 cash in my hand. Of course, I withdrew it from my Barclays account, changed some of it in the branch, and the rest at High Street Bureaux de Change like Travelex. All that was required of me was to BOOK the money about 1 week in advance at the branch. No charges, no penalties. After all, na my money!

Finally, for your information, I have accounts in UAE, China and the US too. I kuku don tok am say illiteracy na baaaad ting. Shebi in my first post I said "If this is the situation, I'm transferring all my funds abroad, and will start using foreign debit card for my transactions."?

Read it again, then slap yourself twice. It might cure your blindness and clear the werepe from your head!

manny4life:



I doubt even with a declaration list, for $50 000, hmmmm. What happened to electronic wires?

djustice:

I received a strange email from a Nigerian bank today, indicating that

1. I would no longer be able to withdraw more than N100,000 per day of my own money, from my own account

2. I cannot spend more than N500,000 on my card at a time - Sanusi's interpretation of e-banking

3. I cannot spend more than N500,000 per day online - more of Sanusi the silly's e-banking

If this is the situation, I'm transferring all my funds abroad, and will start using foreign debit card for my transactions.

Sanusi wants to preside over the death of the banking industry in Nigeria? I'll help him, but he should be ready for the violent upheaval that this is sure to start. I hope he and his co sharia compliant collaborators are ready for the coming firestorm.

Gworo Chewing, Qur'an bashing buffoons.

werepeLeri:

Even in developed countries, example in the UK- if you like have billions in your account - the maximum you can withdraw over the counter per day is £1200, and from an ATM - £300:00. If you want more than 1200 pounds in a day, you have to tell the bank on time and they will book you in for a day to come- so, what are the bush people in Nigeria shouting about?

You want to be like the developed countries, yet you dont want to do like they do.

OP - if you like bury your money inside the toilet, noone cares. You need to chill and think right before you call another person names.

Jakumo:

It is actually a criminal offence to carry more than ten thousand US dollars cash into the United States, PARTICULARLY if that cash is NOT listed on the customs' declaration sheet that is handed out to airline passengers shortly before landing in their first airport of call in North American territory.

Assuming that the above claim is not bogus, consider yourself VERY lucky indeed, that Mr.Customs man did not spot your cash stash and hand you over to the IRS for a friendly chat, followed by a swift trial and some slammer time for currency smuggling.