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Nairaland Forum / Nairaland / General / Business / Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) (76900 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 Nobody: 10:44am On Nov 18, 2022 |
casualobserver:I am already aware how banks works but thanks anyway. |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Biodun556(m): 10:45am On Nov 18, 2022 |
casualobserver: When did Nigeria start cashless policy? The cashless policy we practice hasn't cover 10% of our daily transaction. If I borrow 5 million naira from GT bank to buy cow from Fulani, definitely I will pay in cash. If bank generate just figures as you claim, no naira note should be in circulation by now. If you go to bank early in the money to withdraw in most cases with my own experience, if no one has save money, those who want to withdraw we have to remain on queue till the bank collect enough cash from depositors. The bank will give excuse that no net work for those who want to withdraw or simply keep them waiting. You are still not making sense to me. |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Nobody: 10:51am On Nov 18, 2022 |
Biodun556: the guy is right banks create new money when they give out loans 97% of the money in the economy exists as bank deposits, whilst just 3% is physical cash. bank deposits are created when banks give loans Banks create money through the accounting they use when they make loans. The numbers that you see when you check your account balance are just accounting entries in the banks’ computers. These numbers are a ‘liability’ or IOU from your bank to you. But by using your debit card or internet banking, you can spend these IOUs as though they were the same as 1000 naira notes, When a bank makes a loan, for example to someone wanting to grow his business, it does not typically do so by giving them millions of naira worth of banknotes. Instead, it credits the person bank account with a bank deposit of the size of the loan. At that moment, new money is created. |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Adonkia(m): 10:52am On Nov 18, 2022 |
faceland:which millionaire business man would keep such an amount at home.? |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Elidrisy20: 10:52am On Nov 18, 2022 |
If you say Lagos,jagaban come to mind |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Dareal90s(m): 10:54am On Nov 18, 2022 |
emorse:Same CBN officials will help them change the money to new ones, why do you think they are sun-drying the money, to go and throw it away? |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by casualobserver: 10:55am On Nov 18, 2022 |
Biodun556: My friend I can’t help you. I did t come here to be a teacher. Bottom line is cash outside the banking system is not the reason Nigerian banks will not lend to you. No matter how much cash a bank has it will not lend to you if it doesn’t think you can pay. Banks are I. The business of making money and their primary way of making money is via credit. If you can pay a bank will lend you whatever you need….and that’s all you need to know. If you are a staff of a reliable government or corporate institution, banks will lend to you. If you have a bankable business banks will lend to you. The problem I repeat is most Nigerians and their business ideas are not bankable not because there is no money to lend. Too much emotion and ignorance In matters that are really simple. 1 Like |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by IamAsiri: 10:59am On Nov 18, 2022 |
[quote author=iwaeda post=118486852][/quote] Why will bank be spreading naira notes? How sef? You must be a joker . |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Ebenco84: 10:59am On Nov 18, 2022 |
Some people deserve killing by hanging |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by wallarwallar(m): 11:00am On Nov 18, 2022 |
Fpr everyone saying Nogeria is a corrupt country I agreed but the issue right now is the inability of the law enforcement to track down whoever is responsible imagine a vedio with faces and those guys in the clip are not ghost so I believe dia shud hv been an arrest by now but u know what from the top down to the poorest masses we are all corrupt and that is why l'm very scare if dis country will ever change for good |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Biodun556(m): 11:09am On Nov 18, 2022 |
thebosstrevor1: The guy is not right Customers deposit forms bank reserves that will determine how much they give as loan. It is true that banks give 10 times of their reserve as loan but costumers deposit will determine the volume of that reserve and how much can be given as loan |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Didi2d(m): 11:10am On Nov 18, 2022 |
Homologous: You're correct!! With their fake accent 2 Likes |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Nobody: 11:11am On Nov 18, 2022 |
I think we should withdraw cash from circulation. Let’s switch to eNaira. |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Greattha: 11:13am On Nov 18, 2022 |
This your header is very funny. Having seen many of these videos, I was curious to see how "HUGE" the naira notes are. Abeg OP take it easy with us next time . |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by iwaeda: 11:16am On Nov 18, 2022 |
IamAsiri:Might be banks outside the city. With no ventilation. Have you worked in a bank before. |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Raxxye(m): 11:18am On Nov 18, 2022 |
They might have lied, cheated or even killed to acquire this huge money. But shortly after may have found it wasn't worth all the troubles! That they haven't used it for so long means they really didn't need the [obviously] ill-gotten wealth. So now what's the gain? |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Nobody: 11:32am On Nov 18, 2022 |
ALTERNATEID: Shush! You talk too much. If CBN really wants to tackle corruption why can't people bringing in excess money into the bank now be interrogated? CBN is just helping them to exchange their already wet Naira. CBN is even forcing banks to open on Saturday so as to receive more Naira. If you want to be truthful to yourself. How many Nigerians can save more than #2m cash at home? If CBN wants to help, people bringing in more than #5M dampened notes should be call in for questioning |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by gimakon2(m): 11:32am On Nov 18, 2022 |
Make una gimme address na , make i pack some money These people don finish this country! God! 1 Like |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by xeju: 11:36am On Nov 18, 2022 |
Biodun556:CBN trying so hard to justify redesigning the naira. So even if the govt didn't plan to redesign the naira, so how will these notes be spent? |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by jornwhite: 11:41am On Nov 18, 2022 |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Nobody: 11:41am On Nov 18, 2022 |
Biodun556: bank reserves is created by central bank to protect banks if panic happens e,g mass withdrawal. bank reserves is usually 10-15% of bank deposits the reserve does not determine the volume of the loan rather banks create new money when they give out loans loans are the means bank makes new money because they also collect interest. money are destroyed when you pay back loans |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by weljewel: 11:43am On Nov 18, 2022 |
Praise be to God for truth and liberty! |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by LordHarrizona(m): 11:48am On Nov 18, 2022 |
adioolayi:Nwanne I’m tired of the evil currently going on the country If only men & gods are quick to root out all bad Goverment officials in naija we would be a force to reckon with in the world. But atlas what do we know. |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by dman4mdmoon(m): 11:51am On Nov 18, 2022 |
oz4real83: Why do you think Miyetti is asking for an extension? Those guys have so much cash from both legal and illegal means. Fulani man will never sell his cow to you and accept cheque or transfer, it must be cash. The kidnappers deal in cash. The cash in some people's house/possession will shock you |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by rpstar12: 11:53am On Nov 18, 2022 |
basty:We need to summon Lord Luggard |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Juleeee: 11:58am On Nov 18, 2022 |
Moh247: And they don't tell us the owners, Nigeria matter tired me abeg. |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by smokeyupu(m): 12:05pm On Nov 18, 2022 |
THIS VIDEO WAS NOT SHOT IN LAGOS. THE MEN IN THE CLIP ARE SPEAKING HAUSA SO IT MUST BE FROM ONE OF THE NORTHERN NIGERIAN CITIES WHERE MOST RICH FOLKS KEEP MONEY AT HOME |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Nobody: 12:22pm On Nov 18, 2022 |
oz4real83: Swiss account is not traceable. Cayman accounts not traceable. |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Nobody: 12:29pm On Nov 18, 2022 |
Highly corrupt country. It's terrible |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Revolva(m): 12:32pm On Nov 18, 2022 |
Homologous: Seems you dont know youtube policies oga abeg if you no de hear cant u see properly that the video shows what it headlines |
Re: Huge Naira Notes Discovered, Sundried In A House In Lagos (Video) by Coolgent(m): 12:32pm On Nov 18, 2022 |
Which one is 100 Fisent! Oga Blogger it is Per-cent percent not Fisent. All this cbn paid bloggers self |
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