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Nairaland Forum / Nairaland / General / Politics / Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges (31004 Views)
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Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by afroniger: 3:22am On Feb 04, 2023 |
https://punchng.com/naira-cbn-begs-nigerians-vows-to-stop-pos-charges/ 10 Likes 2 Shares
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Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by afroniger: 3:30am On Feb 04, 2023 |
Emefiele really messed up. If he knows what's best for him he should just simply resign. He went ahead with such a delicate policy of monumental socio-economic implications knowing full well that the CBN lacks the capacity to print and circulate the requisite new notes to replace the old ones. At this rate, the apex bank may have to direct banks to re-release some old notes back into the system (as a face-saving measure) to forestall the accelerating chaos the policy is already generating, coz apparently the CBN has printed about ₦450-billion of new notes so far (much of which has been hoarded). The Mint can print a maximum of ₦950-billion per year if they print only ₦1000 notes. If they mix the notes, it will be much less. Meanwhile, they've withdrawn ₦1.9-trillion and are still trying to withdraw ₦900-billion more. How is that expected to work?? Buhari is toying with his legacy. 199 Likes 23 Shares |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by LiteratureClass: 3:37am On Feb 04, 2023 |
It is unfortunate. To withdraw 1000, you have to pay the POS operator 300. This really pained me yesterday but I have to pay the charges because I need money to go out. 89 Likes 9 Shares |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by modsfucker: 3:38am On Feb 04, 2023 |
I remember debating with a supposed economic expert when the policy was earlier announced. I told him that the policy would fail, and he kept insisting that it has come to stay, and now look at the sorry situation we found ourselves because of this poorly thought out vindictive policy. 125 Likes 9 Shares |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by ican2020: 3:40am On Feb 04, 2023 |
They should do it today 8 Likes 2 Shares |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by Badabada(m): 4:00am On Feb 04, 2023 |
The issues is not really the POS vendors, because they too have to source for cash and in doing so, they pay exorbitant amount to the bank workers. Just imagine a POS vendor collected 2million naira with 100k frm d bank. So what do you expect. 175 Likes 5 Shares |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by mejai(m): 4:19am On Feb 04, 2023 |
As if no be queue people dey do b4. This man sef!! 11 Likes 3 Shares |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by SmartPolician: 4:19am On Feb 04, 2023 |
May God richly bless the management of Guaranty Trust Bank! Yesterday, I was at IKOTA shopping Complex at VGC and noticed that two GTBank ATMs at two branches were dispensing 10k to their customers and 1k to non-customers. First Bank, Access, UBA and other top banks have been busy selling the money CBN gives them to the highest bidder. Perhaps they want the citizens to revolt and set the banks ablaze before dem get sense! 103 Likes 10 Shares |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by NaijaCover(m): 4:19am On Feb 04, 2023 |
Is Active 24/7 3 Likes 1 Share |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by Diligent1(f): 4:20am On Feb 04, 2023 |
Mr CBN governor Godwin Emefiele, this is democracy not military regime. You don't just force people to hardship.You have crippled the economy of Nigeria. 68 Likes 9 Shares |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by Deeprooted: 4:20am On Feb 04, 2023 |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by DaddyFreeze2020(m): 4:20am On Feb 04, 2023 |
APC and all members of the party will be filled with confusion and make more errors in governance until the party disintegrates 28 Likes 4 Shares |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by sotall(m): 4:21am On Feb 04, 2023 |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by Maxymilliano(m): 4:23am On Feb 04, 2023 |
I was numbered 136 at GT Bank in Adeola Odeku yesterday only to withdraw 10k after 2 hours 26 Likes 2 Shares |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by MarketDispatch: 4:23am On Feb 04, 2023 |
7 Likes 1 Share
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Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by sotall(m): 4:23am On Feb 04, 2023 |
afroniger: Go and sack him naa. You think Buhari doesn't know what he is doing. Most of those who have turned pro-masses both online and offline shouldn't be given any attention because they are hypocrites. For over 7 years they have been praising APC and Buhari because they want him to handover to Emilokan. Now that they see that it isnt happening, they are wailing everywhere and have become opposition. Imagine we haven't heard from Fashola the rocket scientist since the ENDSARS protests where him and Tinubu didn't condemn Buhari's administration for how they handled Nigerians but now see him wailing. Same thing with Oshomole, and other pro-Tinubu miscreants. Buhari and the cabal should continue their plan, Nigerians understand the handwriting. 70 Likes 2 Shares |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by Biodun556(m): 4:23am On Feb 04, 2023 |
Emefiele should be arrested 26 Likes 3 Shares |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by naijainstinct: 4:25am On Feb 04, 2023 |
Earlier this week, someone wrote here on Nairaland that "Nigerians don't hate corruption, we only hate when we are not the ones directly perpetrating it". That said, politicians are corrupt, bankers are corrupt, civil/public servants are corrupt, security agencies are corrupt, political appointees are corrupt, oil marketers are corrupt, business men are corrupt, etc. Let's talk about the petty traders, artisans and self-employed like the POS operators, anyone wants to rip everyone else off at any given opportunity. We complain about corruption but we also aid and abet corruption. Today, it's the bankers and POS operators smiling and having a field day, tomorrow is for the oil marketers and the black marketers, next tomorrow is for the immigration officers and their street agents who will rip you off before you can get an international passport, the next day is for public servants who are always seeking ways to siphon public funds or are lackadaisical in service delivery because they believe they are more important than the general public whom they are meant to serve. The next day is for the police, military and paramilitary agencies who are either trying to extort the average Nigerian through bribery, colluding with oil vandals and/or criminals to loot the nation's resources, requesting for "mobilization fees" before helping to apprehend a criminal, pursue justice or even attend to a petition. Then the politicians will form an unholy alliance with the public servants to divert public funds, fund terrorism, banditry and criminality for their selfish interests and personal aggrandizement. Another day is for the religious leaders, another for the petty traders. Even the corporate businesses like the telcos and the banking institutions are systematically stealing from their customers through hidden, ridiculous and frivolous charges. As far as Nigeria is concerned, it's a dog-eat-dog society. Actually, it's the way the world is wired but for the fact that some countries have managed to instill discipline by force or by setting in place active systems to curtail human greed. But here, nobody cares. It is a nation of impunity where only the poorest of the poor and the uninfluential face justice. To conclude, let me borrow someone's analogy about Nigeria. Nigeria is like a fan whose oscillator (mechanism of even wealth distribution) is broken and therefore cannot offer air (equal opportunities) to everyone except those who manage to stand in front of it (the politicians, the corrupt public servants, the greedy businessmen and contractors, the shady security officials, opportunists and beneficiaries of terrorism, banditry and sundry crimes). Instead of us to all come together and find a way to fix this fan's oscillator, we are all struggling to get in front of this fan. I have stopped praying for Nigeria. Nigeria will be better and great if we all allow it to. This is clearly my opinion. I did not quote anybody nor oppose anyone. If you are benefitting from the systemic corruption and therefore think you can quote me to share a nonsense contrary opinion, GOD WILL PUNISH YOU!!!!!! 143 Likes 23 Shares |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by Pastoshizzy(m): 4:25am On Feb 04, 2023 |
Are these peaple listening? Nigerians (resillient Naija peaple) are tired of myopic, mediocre and selfish economic policies that further worsen their travails. This same politicians have (all the while) been celebrating and applauding mediocrity as is visible and felt by the common masses. Now they want to establish a GESTAPO method of silencing any manner of criticism or critic. While red tape will not allow the POS operator to cash in on the overbearing situation, the politicians are busy cashing in on everything (with their family members) cashable. Contracts ni...influence. I detest politicians, all of them. 6 Likes 1 Share |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by DSC7: 4:25am On Feb 04, 2023 |
Anything to move our darling nation forward is welcomed... This phase too shall pass away. 1 Like |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by nedekid: 4:26am On Feb 04, 2023 |
LiteratureClass:That is serious. 30% Sorry jare. Omo, meanwhile my staff goes to deposit sales money in the bank daily and complains of qeue. No be juju be that? Maybe I will stop him and be collecting the cash. Heck, but I am a cashless practicing person. 6 Likes 1 Share |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by DSC7: 4:26am On Feb 04, 2023 |
Biodun556: Emefiele should be arrested keel you there, go and arrest him now,,, werey...... 7 Likes |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by Harrynight(m): 4:27am On Feb 04, 2023 |
Untill angry and frustrated nigerians start to vandalized banking facilities 14 Likes |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by bibelo: 4:30am On Feb 04, 2023 |
The situation is very bad,I have been unable to move or withdraw funds from my access account since on tuesday.people who saw that viral video of the naked woman are just making jest of the woman not knowing how fustrating it can be. If the cbn doesn't act very fast ,things will go out of hand. People were literally begging for money to take transport and eat.. This is a very terrible time to be a Nigerian. 23 Likes 3 Shares |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by MasterTeeUSA: 4:32am On Feb 04, 2023 |
The GREATEST mistake men in power make is that they forget that ONE DAY, THEY WILL BE OUT OF POWER. The day after is when it dawns on them that maybe just maybe, they should have thought about some actions before doing it. Amaechi, my favorite at APC primary is realizing that at Rivers State after being a 2-time Speaker, 2-time Governor, and 2-time Minister. Wike will soon realize that and EMEFIELE is banking on ATIKU to keep him at CBN...I can't wait to see his aftermath because Tinubu will definitely not keep in and all those loans he gave out from CBN...NO ONE WILL SAVE HIM POST-ELECTION[b]. WINTER is COMING. [/b] afroniger: 16 Likes 2 Shares |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by mukthar2000(m): 4:33am On Feb 04, 2023 |
“In our meetings with the banks, we have told them to set up tents and chairs, give people numbers, which I’m sure some people will say it is old fashioned. After you and ur oldman have disorganized the country the next thing is for u to set up a tents and chairs for the jobless Nigerians to seat on it to celebrate your mother burial ceremony at the bank abii? God punished you and ur painted currency. 44 Likes 3 Shares
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Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by nedekid: 4:34am On Feb 04, 2023 |
Maxymilliano:Jesos! But if I may ask. I assume you have a car, you can get fuel with you cards, eat, pay for services. I paid in the fruit market with transfer the other day, only had 500 cash to buy 2 apples. When I asked if they took transfer, they said yes. Bought fruits of 6k. Is it not possible to survive without suffering yourself to qeue for that long? Just innocently wondering. 20 Likes 3 Shares |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by gonkin(m): 4:36am On Feb 04, 2023 |
If atms had cash always POS wont exist 31 Likes 2 Shares |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by smile11s(m): 4:39am On Feb 04, 2023 |
chai EFCC Grills Actress Over Spraying And Stepping On New Naira Notes https://gist.am/q/efcc-grills-actress-over-spraying-and-stepping-on-new-naira-notes |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by Equal2DeTask(m): 4:41am On Feb 04, 2023 |
LiteratureClass: Shege You never see anything yet 3 Likes 1 Share |
Re: Naira: CBN Begs Nigerians, Vows To Stop POS ‘Extra’ Charges by Moh247: 4:44am On Feb 04, 2023 |
Meaningless policy, greedy bankers, The shit I went through yesterday over my own money, I never went through such during Abacha regime Now I perfectly understand why many protested yesterday within Ibadan metropolis . 10 Likes 1 Share |
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