Berrityga:
the person without sense here is you. Ussd, ATM card, banking app. You want to tell me all three don't have network. Your a mumu man.

For interbank they all interact with a single intermediary settlement system and network and that where the shock point is.

And this is truly typical because this type huge spike in network traffic was never anticipated on the interbank IP network.

TCP timeout are bound to take place with little delays. This will truly help the interbanking network to rescale their network, but I doubt if it will worth it to drastically scale up, because who is going to pay for the extra overhead?

SadiqBabaSani:
Why only Tinubu and his goons crying

At this stage you're still shouting Tinubu?!

Cruise

Going cashless without the infrastructure to support it? Whoever thought this was a good idea is wicked.

Basic infrastructure NEEDS to be put in place BEFORE you build policies on them.

You want to go cashless without a national backbone for communications? Without 24/7 power supply? How please?

Moh247:


Chaos , and panic in the economy, or simply mop up of Excess liquidity

We are watching

Economic hardship on the masses

Biodun556:

Fkn goofy b*st*rds

Biodun556:

Fkn goofy b*st*rds banks

FarahAideed:


No matter how stupid a person is he must have supporters in Nigeria

Who can be more stupid than a person supporting a senile geriatric and corrupt Tiefnubu

DollarSigns:


;DBecause you don’t recognize my point doesn’t mean I’m off point
I may as well be his intellectual twin brother so what I see sitting on my stool, you may as well need to google the location of the nearest Mtn Mast

Offpoint again. Kindly answer the questions

Did he see scarcity of cash on his executive chair?

Did he see Nigerians suffering on a daily basis by his decision to starve nigerians of cash on his executive chair?

EKONGKING:
Have seen this entire thing about currency replacement and trust me it is going to be brutal.

Common people will face maximum difficulty.

When Modi of India launched the exact same thing what we are witnessing in Nigeria in the name of demonitisation. Economy of India shrank and many people lost jobs.
For almost 3months people of India queued up infront of ATMs and banks for new currency.
But ends justify the means as majority of India transferred to cashless system .the country has got more revenue and eliminated majorly the source of black money or illegal money in their country language

What iam suprised is why buhari allowed in middle of election cycle unless he wants defeat of tinubu.
Modi of India done this currency change midway through his 5 year term and his popularity plunged from 70plus to 45 percent acceptance .
Many has predicted modi will loose elections ,but the 2 and half years softened the people anger , which along with his military strikes against Pakistan saved the day for him.

I think Buhari wants Atiku to win else no one would put his party in this much danger.



This post I posted on Jan 24

Exactly

Very funny

Biodun556:
Some people are still insisting that Emefiele is on the track

I am still insisting he is on track.No group should be allowed to hijack d country wen policy doesn't favour dem.
I only blame emefiele for not anticipating resistance of d policy n liasing wit icpc n EFCC to deal wit bank executive that try to divert d cash.

Biodun556:


I don't know what Buhari and Emefiele are trying to achieve with this.

They are trying to make Nigerians have their sanity again after 8 years of hardship, misery, penury and sorrow under APC.

ChybuzzDD:


Who can be more stupid than a person supporting a senile geriatric and corrupt Tiefnubu

You already assume I am supporting Tinubu?if you go through my history you will know I can never support Tinubu

Biodun556:
Some people are still insisting that Emefiele is on the track

Because they feel the policy is against Tinubu. There's nothing on track here, people are suffering.

Why implementing such policy because of election that's just one or two days putting Nigerians in a tight situation

Biodun556:
Some people are still insisting that Emefiele is on the track

It is a nice policy actually but executed by the worst person ever . that man has ulterior motives . Pretty sure he has used this to quickly launder money . Ole ni bobo yen .

Berrityga:
the person without sense here is you. Ussd, ATM card, banking app. You want to tell me all three don't have network. Your a mumu man.

Na u no get sense bros

Why only Tinubu and his goons cryingWhy only Tinubu and his goons crying...

EMEFIELE,BUHARI AND ALL THOSE HERE SUPPORTING THIS USELESS CASHLESS POLICY,YOU ARE ALL MAD,STUPID AND USELESS

CASHLESS POLICY CANT WORK DONT QUOTE ME IF U DONT WANT GOD TO PUNISH YOU

Exedyne:



Union bank na useless bank

Since Saturday them just dey misfire

Them don debit me 6500 failed pos transactions

I no know when them go return my money now

Money wey no do person before

Hope they have reverse it now experience same issue #11k was debited and them no reverse my money currently crying and stranded now can't even sleep...omo I weep for my country

DollarSigns:


Nope all the bank network can’t fail
Forget Emefiele’s personal ambition now
That’s past
Forget the messenger and focus on the message
Mopping excess cash helps to solve local inflation
Curbs vote buying
Believe me, greedy politicians had before now accumulated enough stockpiles of cash for this purpose
Why don’t we just exercise patience and watch
Afterall the government is ending soon

How does Mopping excess cash helps to solve local inflation? Can you pls explain?

Is it the job of emefiele to curb vote buying?

If "greedy politicians had before now accumulated enough stockpiles of cash for this purpose", why should ordinary nigerians suffer for that?

Why should nigerians "exercise patience and watch" in the midst of suffering and restrictions to their bank funds?

If "the government is ending soon", does that justify the suffering at the present moment?

When is this govt ending?

okanlanwon44879:
Why only Tinubu and his goons cryingWhy only Tinubu and his goons crying...

Do you have access to your cash? How many nigerians have access to their cash?

Berrityga:
the person without sense here is you. Ussd, ATM card, banking app. You want to tell me all three don't have network. Your a mumu man.

if it’s zenith bank, all the three you mentioned does not have network o

SadiqBabaSani:
Fuel scarcity has been tormenting nigerians since 2021 intermittently BAT and minions and sycophants said nothing

fuel issue is global problem and partly because of Russia and ukraine war but this cashless policy is self inflicted on ourselves.

HumbleTrader:
This is what happens when you try to run before learning how to walk.

I don't agree.

We have walked long enough. Just that bad leaders who have the means to run faster&stronger are running all over us.

Moh247:
Cashless with fund limitations on transaction

Each Mall in UK still have ATM machines yet they are running cashless society

I think say, una bin dey suport this administration?

Biodun556:
Some people are still insisting that Emefiele is on the track

An African adage says when a bird dances on the street know that the drummer is closed by. Emiefele is only adhering to the master's order. Everybody blames him but fails to mention the name of the grand monster.

FriendofGod:



Zenith is the worst.



Nothing is working. USSD, mobile app, internet banking.



That bank is the most useless bank in the world.



Followed by Fidelity Bank, and then Access Bank.

Emefiele and buhari has finally crashed nigeria economy, I do hope we dont go the zimbabwe way

MOD30:
There is supposed to be a collection of signatures online now calling for Emefiele's resignation and arrest by DSS for economic sabotage.

So you think Emefiele is doing this?

FriendofGod:



Zenith is the worst.



Nothing is working. USSD, mobile app, internet banking.



That bank is the most useless bank in the world.



Followed by Fidelity Bank, and then Access Bank.

You are Saying this because you have not used Ecobank. Try it and you will grow grey hair by force.

Biodun556:


I was surprised when he changed to cashless policy and wonder how we would go completely cashless without prior notice and when we have 100s of thousands of unresolved dispense errors cases in banks.

I don't know what is wrong with Buhari. Is he waiting till everything turns to violence like endsars?

start using opay, kuda, carbon, fairmoney or palmplay, they all are very efficient compared to our traditional local banks.