The terrorists will still go on Thier kidnapping spree with or without serial nonsense.

Cutehector:
Foreign currency counting machines have provisions to take note of serial numbers when counted in contrast to our local counting machines.

It is obvious that when CBN governor is making policies, he doesn't take note of the current realities on ground.

You think he is perfect? He is not superhuman. He has his own limitations too!A tree would not make a Forest.

So the manual process of taking down serial numbers is the purported tracking technology the CBN promised Nigerians?


Emefiele will not end well walai

Omoapena:



Write down doesn't mean they will have to write it with pen, it can be scanned.

My brother whether write down or scanning , any job I'm doing for you as an employer and ita more than my earnings its a slavery job . Ita a common thing with Nigeria employers . Cost of things are going up yet employers won't care about your well-being . Reason there have been a lot of theft in the banking industry now

Cutehector:
buy it with your money and import it.. Then recalculate.

read my subsequent posts.

Serial nos. for money that you can't control the circulation? What difference does this make? What about withdrawal from ATM?

Cutehector:
Foreign currency counting machines have provisions to take note of serial numbers when counted in contrast to our local counting machines.

It is obvious that when CBN governor is making policies, he doesn't take note of the current realities on ground.

what do you mean by foreign counting machines. Which counting machine is made in nigeria? Are they not all imported? Instead you should have specified the brand nit say foreign and local

U see this our country Nigeria eh.

The more u look , the less u see.

The more it looks like people r getting serious, the less things improve.


Till now dollar never drop for black market

walcruise:

Oga that's why its called advancement, the bank are wealthy enough to make provisions for that....after you will start comparing Nigeria to USA but don't want to sacrifice what it takes to be like them

after withdrawing the money from bank and serial number recorded so what happens next ? Each person that accepts the currency will be record the serial number too?

I was sure when going to Atm today that the new notes won't be available yet and it was not...If it were a policy to debit certain amount from customers per transaction it will be in effect before 24 hours.

With the short window the people have to get old notes to the bank, the same old notes are being returned to the public.

Cbn governor should stop giving innocent nigerians probs

HardMirror:
what do you mean by foreign counting machines. Which counting machine is made in nigeria? Are they not all imported? Instead you should have specified the brand nit say foreign and local

foreign currency counting machine, not foreign counting machine.


Simple english bro. Dont be stupid

Bank workers stress level don go pro max

Cutehector:
foreign currency counting machine, not foreign counting machine.


Simple english bro. Dont be stupid

you are the stupid fellow. The counting machines Nigerian banks use, are they made for naira notes? They are just generic made in china machines and you are making it seem they were developed to count naira notes.

Doubleoh7:

Well, that's another angle. I was viewing it from the angle that the idea behind taking the numbers down in the first place might be to be able to tie it down to a customer, just in case they get the cash being hawked in the open just like it is already being alleged its being done.

yeah! Not far from the truth, that's likely one of the reson it's been monitored.

baralatie:

Obviously the solution is for the banks to get the machines needed nah!

With the way our banks are operating recently, and still recovering from the covid effects, most banks wouldn't oblige to incure extra cost in acquiring this machines, knowing fully well that such policy wouldn't stand for a long while.

The thing is this..if this is true...it will be hard to spend dubious earned money...that's the goal...to bribe sef go dey hard

Sounds incredulous.

This used to be the case....monies' serial number used to be traceable..helps to target Bullion Van robbers... Kidnappers etc.

walcruise:

Oga that's why its called advancement, the bank are wealthy enough to make provisions for that....after you will start comparing Nigeria to USA but don't want to sacrifice what it takes to be like them

What sacrifice & what has that got to do with the value of Naira.
All this tremmed down to apcshit bad policy

InspektorRino:
Step in the right direction for tracking purpose.

What is the purpose of the tracking?

kafeii123:
This used to be the case....monies' serial number used to be traceable..helps to target Bullion Van robbers... Kidnappers etc.

The same thing they said that BVN will track kidnappers, 419 and corruption. After that, they said NIN will track kidnappers, bandits, 419 and corruption. How far?

Now it is naira note that will track armed robbers and kidnappers. Na only you and buhari know the kind school wey una go

Omo see hard labour for support staff.

Nigeria, may we arrive well.
Nigeria will be great again one day. I pray. Amen

E don finish for Tinubu kpatakpata be thatE don finish for Tinubu kpatakpata be that...

tosinet:
I was sure when going to Atm today that the new notes won't be available yet and it was not...If it were a policy to debit certain amount from customers per transaction it will be in effect before 24 hours.

With the short window the people have to get old notes to the bank, the same old notes are being returned to the public.

Most bank branches were given 1.9 million of the new naira notes. So they only pay out only 5,000naira of the new notes and give you old notes.

So if you withdraw 100k, you will receive 95k old notes and 5k new notes.

nlfpmod:


https://nairametrics.com/2022/12/16/banks-told-to-write-down-serial-number-of-new-naira-notes-during-withdrawal/?s=08

The black man

lmao. What's this?

nlfpmod:


https://nairametrics.com/2022/12/16/banks-told-to-write-down-serial-number-of-new-naira-notes-during-withdrawal/?s=08

...now, who's fooling who....?!
Pit latrine or shalanga....?!

SexyBabe001:


You are right on what you mentioned above and how tirelessly these folks work round the clock, I agree 100% but we still need to be objective here, who are those helping these politicians to launder and bypass the process? Who are those helping them to transfer stolen monies? Will you proof to me that they are not aware of these looting? The bank managers that receive and send bullion vans to their homes are what again?

We may relieve the entry staffs cos they know nothing of these evil doings but their ogas and those who are old staffers know the truth

I also understand your point.
But everyone has his or her job. It is not the Bank or bankers job to do the job of the EFCC or thief catcher. Infact their is a level of secracy a bank/it staff owes a customer. And a bank/staff can suffer sanctions from the same CBN if such is bridged.
The same CBN that did cashless policy the last time was still the same body that exempted government accounts from cashless policy.
Or have your forgotten how one minister claimed she paid millions on naira in cash to people during lockdown?
Now tell me who is the father of that banker or bank big man that would tell a state or state governor that they cannot withdraw N100m cash when CBN has exempted such accounts
Do you know how many people in Nigeria that have been sacked or victimized for reporting issues that are not their business?
Yes, most of these fraudulent activities are done through banks, but because something is done through you does not necessarily mean you must be part of it or support it.
Some banker have been sacked for not allowing some transactions to fly, only for those same transaction to be carried out after they have been sacked.
Like people with deep knowledge of Nigerian will always say; those civil servants you see, are worse than politicians and bankers put together.
Abi are you not hearing the billions that are being traced to them?

Cutehector:
speak of cost Mr Man!

Banks are making enough to afford anything.

why are we so stupid as a nation this baffles me