₦airaland Forum

passwelle:
Who said anything about withdrawing cash? You can use your GTB card for foreign transactions web/POS up to 4 million naira in a day.

I thought the platinum MasterCard is their highest, and that goes for N2m daily web/POS usage while the basic orange card is N1m. Where will you get N4m daily usage with all the recent CBN limitations?

Ymodulus:
If you have your money in a foreign land then send it back to Nigerian domiciliary account.


I just off loaded all my dollars into Bank of America account and A Gtbank Domiciliary account from china.


The way now is to transport dollars outside at cheap rate and sell electronically at high rate. That's the new business. First deal work.


But for me now. I don't want to store my money in dollars untill its stable again. I am OK with the naira

Good. What method of transfer did you use in offloading from China to Bank of America and GTBank? Was it Payoneer kind of BoA account you mean? If so, how will you get your dollar out of BoA eventually?

fados4sure:
Big lie! Who told you that? I withdrew 750euro's in a day in Europe

May be you did before the CBN regulation that was released within the past two months.

passarella013:
Pls with this restrictions of lodging foreign currency into dorm accounts by the CBS as a result of the falling value of the naira, how else can one withdraw money from abroad? Advice needed pls thanks

The new policy affected only deposits but not withdrawals. Withdrawal still goes on as usual by cash and by electronic fund transfer out of your domiciliary account. But the existing account balance before August 3, 2015 must also be withdrawn by cash only. I wouldn't know if this is CBN policy or only a GTBank guideline.

You can pay your Chinese seller, distributor or manufacturer in matter of hours if you are given either bank transfer (telegraphic transfer T/T or wire), Western Union (WU) and MoneyGram options of payment.

While that of WU and MG cash pick up are faster within 10 minutes, they may not be as secured as bank transfer option. So you can still choose to pay by the more secured and traceable/trackable bank transfer method and still get it delivered in matter of hours within a day instead of conventional bank transfer that would take 2-5 working days ordinarily.

The solution is by using MoneyGram or WU. Instead of choosing cash pick at agent location for your beneficiary, rather choose bank deposit option as the method of receiving by your recipient. China is among few countries that is selected for receiving MoneyGram directly to bank account. Your Chinese sellers can be paid there in USD, GBP or CNY. Visit the banks that handle MG and WU or their agents for further details and to transfer.

Temporary Suspension of Foreign Currency Cash Deposits

Please be informed that due to the unavailability of outlets for managing foreign currency cash deposits, we have found it necessary to temporarily suspend receipts of foreign currency cash deposits into domiciliary accounts at all our branches nationwide from Monday, 3rd of August 2015.

In addition, foreign currency cash deposits into domiciliary accounts made prior to this notice will not be eligible for outward electronic transfer and can only be withdrawn as cash.

Please note that this temporary measure, does not affect electronic transfer of funds into or from your domiciliary accounts and, you will continue to have access to foreign currency cash withdrawals from your account.

Whilst we have had to take this step to temporarily suspend foreign currency cash deposits, we would like to assure you that we are working hard at finding alternative outlets and a quick solution to this situation.

Kindly accept our sincere apologies for any inconvenience this might cause.
Thank you for banking with us.

From: GTBank@GTBank.com

Question:
From the bolded parts, it seems the new policy is to monitor/record all incoming currencies (deposits) electronically. As old balance can only be cashed out and new deposits will only be done electronically, new withdrawals will still be done both electronically and by cash. That suggests means of monitoring/controlling the existing "dirty cash" foreign currencies in circulation as they can no longer be laundered back into the system by deposit henceforth. But then, what will happen to the old domiciliary account balance that can only be cashed out, and what's the fate of mallam/abooki who will buy the cashed dollar, pounds or euro from owners? What will they do with the cash if it can no longer be deposited by cash but only electronic transfer? Is this policy affecting only GTBank?

mavinc4u:
The analysis is that cbn has made it that customers cannot deposit to domiciliary account so what will you do with the dollar after buying them since you can't deposit to your account?

I was surprised when I got the email to that effect from GTBank today.

Japanese police have arrested the CEO of the failed company MtGox, which was once the world's biggest exchange of the virtual currency, bitcoin.

Mark Karpeles, 30, is being held in connection with the loss of bitcoins worth $387m (£247m, €351m) last February.

He is suspected of having accessed the exchange's computer system to falsify data on its outstanding balance.

MtGox claimed it was caused by a bug but it later filed for bankruptcy.

Japan's Kyodo News said a lawyer acting on Mr Karpeles' behalf denied his client had done anything illegal.

Mr Karpeles, who was born in France, is suspected of benefiting to the tune of $1m (£640,000), the agency said.

In March 2014, a month after filing for bankruptcy, MtGox said it had found 200,000 lost bitcoins.

The firm said it found the bitcoins - worth around $116m - in an old digital wallet from 2011.

That brings the total number of bitcoins the firm lost down to 650,000 from 850,000.

That total amounts to about 7% of all the bitcoins in existence.

Bitcoin is a virtual currency built around a complicated cryptographic protocol and a global network of computers that oversees and verifies which coins have been spent by whom.

surveyProf:
Pls do, I'm having a feeling that the said person is a HE and not SHE, there is a guy in Malaysia, dat I got his details some months ago, he actually claimed to be in China, I think he scammed someone tooo dat period, with dis new BVN in place any moment frm now, by CBN, I will be able to get all scammers details with easy, except those who uses foriegn account. Finally, this lady seems to be using Chibuz "Chibuzor Eze" details @ her profile, in some other site.

That's correct she used Chibiz on her Facebook adverts just same pattern as Chibuzor Eze adverts of those days.

Adaeze Worlu Desmond
1123 Zhaojiaba Xuhui
Xuhui, Shanghai, China.
First Bank Account No. 3084504981
Email: Dessy Des (cuttydessy@gmail.com)

Awoofmobiles.com
Adaeze Mike Worlu
Tel: 07069150188
12B Nwamu Crescent,
Asaba, Delta State.

32 Ebenuwa Str,
Off Summit Road,
Asaba, Delta State.
(Chibuzor Eze).

Nairaland usernames (monikers): eloride, justmim and now web3 (Ada Faith Chiamaka Worlu)
Tel: +1-510-957-9413
Chiamakafaith2007@gmail.com
709 N., Figueroa Street,
Los Angeles, California, USA.

micgray100:
First stage is application of Proposed Company Name Search which is 500 naira in CAC website.. I charge 1500 to do this..

Second stage is to wait for 2 days to get result of the search. The result will be successful if the name Av not been used by anyone before.. If it has been used by someone else before, u Av to repeat stage one again which will be charge 1000 naira..

Third stage which is filing can be proceeded to if name search in stage one is successful... Note : CAC will only give 60days grace to conclude filing process after successful name search, else the result is retrieved... Filling cost 21k in CAC website with all necessary Certified True copy documents needed when opening a corporate bank account for the proposed company. But I charge 30k for all including profit..

Fourth stage is the stamp duty with FIRS and court oath stamping which cost 15,000 with lawyers accreditation numbers necessary... I charge 18,500 for this including profit and transport logistics...

In all the above stages, 50,000 will complete the registration...

Lastly, Delivery of the Certificate of Incorporation and other necessary document to any address in Nigeria will cost 5,000 using DHL...

N55,000.00 for all...

Wastapp or Call me on 07032728941 if you are interested in my above analysis...

Note: You must Av a valid email address and valid ID card to be eligible for CAC online company registration.. The valid cards maybe: Drivers licence, National I'd card, International passport, voters card, and lastly birth certificate with registration number on it...

Wish you all well in your endeavours..
You can call me Micheal by name.. 07032728941..

Surprisingly, you kept hammering to my ears one quality of yours earlier this year whenever we spoke, and that was the word INTEGRITY. So why have you neither registered nor even communicated (if you have registered my company) by whatsapp, email or here since April after you made me to eventually pay your complete N45k? Even when you said you were travelling up North that very day in April, I thought you would get there and soon be back to Lagos to finish what you were almost completing then. I am just reading your thread now to see that you find it easier and faster to do up North. I didn't even see your comment or response on your other thread since then only to check through your number here and see that you have changed your Nairaland moniker and name to this one. Why no feedback for months? This is not the integrity of your service you boasted to me even when we had quarrel on phone and settled it, Mr. Gbenga.

surveyProf:
Is this the phone no, she uses to answer her customers call, has anyone called her with dis number?, dis number is a Nigerian no, registered using UK free number, wenever someone calls her, the line will divert to her Nigeria line.

I will check my diary to give his number that I have from the thread where he was advertising phone before. I didn't get phone number from Worlu Adaeze Desmond when he scammed me of N339,000 in April/May while claiming he was in China for 6 months with his family. He used First Bank account to receive the money.

GoodMuyis:
LAST OF LASTLY
Type in “ASSIGN”. #So that you can see it from My Computer
Type in “EXIT”.
Type in “EXIT”. #Else you can still damage the SD Card

After finishing this process remove your card reader from the computer USB port and also remove the SD card from the card reader……..that’s all.

Will this method work for normal USB flash drive and what of in built SD card reader drive that is not connected to USB port?

tintingz:
My 16G SD card which i usually format almost everyday before I can download, is it fake or what?

Thank God for backups.

Am planning on getting another SD card.

What I read on a US website about such problems of memory cards is that most of them are Chinese fake products. They claimed that the advertised and displayed sizes of many of these cards are not true. So when a 2GB memory card is tampered with to display 32 or 64GB, they said it will start giving problem immediately you store flles that are more than the true 2GB space it originally has.

I have a 32GB of such SD card that has been misbehaving as unrecognized after previous use in my smartphone. When I put it in my tablet, the tablet requested reformatting, which I did and surprisingly got 2GB card size at the end but now behaving normal.

I also have such malfunctioning in my 1TB (1000 GB) USB flash drive from China. After some initial storage of files, it started malfunctioning as I stored more. Currently, anything stored inside a folder will be corrupt, whereas the files I stored directly inside the device will be okay. Nothing of such malfunction has happened to another 128 GB USB flash drive I bought from the USA.

Anyway, I am still risking the cheap Chinese products as I have ordered two SD cards again of 128GB and 256GB, hoping they will work. The 128GB is delivered already. I may try this repair method given by the op on them.

Tundeiab:
I have a payoneer card, but it can only be used for affiliate earning withdrawals. I need a card that can be used for other earnings and withdrawals

I got an email from Payoneer about 2 weeks ago that showed that you can now get paid into your Payoneer account/card from anyone paying you directly with their Visa or MasterCard. I will look up that email and upload it here later. But it has a direct radio button to click on in that email as you forward it to the person to pay you. Although, I am not sure if it was meant for every Payoneer user or they selectively sent that email. The only question for you in that possibility will be about other means of withdrawing because the only withdrawal method I know in Payoneer for now is still by using your Payoneer card either online or by ATM withdrawal, if those are not enough for you.

Sorry I buy Neteller at N160 for now but higher rate when selling $500 and above.

If you have heard of multi level marketing (mlm), then it shouldn't be different whether they call it gnld or forever living or fast track, it's all about bring people to join in order to get paid.

Google is your friend.

Jeffy1206:
You can see they are all paid today with dates... Many more are still pending payments better trust and patronise us cos you get the lowest rate here and you can negotiate the rate from funds ranging from 3000usd.

Alright, thanks.

Are you still doing the N207.5 rate payment? Are the payments you posted (for people so far) for buying items on websites or you also help to make PayPal transfers to recipients? Do you just help to make payment for item online or you also handle shipment as I saw someone asking you of shipping to PHC? Are your payments prepaid or I must send you the naira before you pay for the item online? Your PayPal payments pages you posted seemed to have unusual fonts that I have never seen on PayPal pages; are they for real?

ayo0147:
pls...how much is the exchange rate of naija currency to dollar?

I heard last night that it was N243 per dollar for yesterday while same person said it was N380 per pounds sterling. I couldn't believe it though.

coolsix:
His bank would charge him $25 for Chargeback. Chargeback is not a funny thing to do sir

I thought if PayPal is refunding him the money used from his card, the bank would not be told that this reversal is a charge back. Some guys have said here that they were able to receive into Nigerian PayPal account by virtue of PayPal refunds but none of them ever mentioned being charged $25. Is this a new development or those guys didn't tell us the whole truth?

nicerichard05:
i didnt deposit moni der oo, u no it is linked to ur bank acct, thats wat i mean.. my email is safe and the password as well

Even if hacked and used, you can still get charge back as PayPal reverses your fund in your favor if you can prove it was not authorized by you.

jaydee87:
strange but true.
worlu I have my eyes on you
Dont blame the victims cos anybody can be a victim
they come in various forms had an encounter with one in the year 2012
by the name jaiyesimi adekunle my first major money the guy went away with it
and to make the matter worst I introduced ppl to him cos he was into forex according to him..
he doubled my money in 2weeks, he did for 3 times before finally going away with my money...
what still amaze me is our banks they Dont seem to be of help......
@mods u guys won't ban the guy but will continue to ban genuine ppl
and pls why do mods hide threads... pls I need to know.

The banks are not helping at all. I could remember same period the eloride guy, Worlu Adaeze, scammed me of the N339,000 that someone mistakenly transferred N2.5m into my account. When he contacted me and I couldn't see my banking transactions nor the alert in order to refund it, it was even my bank that was discouraging me. They practically frustrated the refund when I wanted to do it. After telling them about it and to do it for me back to sender, they promptly limited the account and refused to send back to owner. They claimed they wanted the sender's bank to inform and request the chargeback as if it was the bank that made the transfer in the first place. The next thing the account officer was telling me was that it was not my fault or mistake that the guy sent it. Meaning, I should keep it. I was even the one troubling them to refund the sender and they kept delaying until they made their profit for over a week delay from the money. Sharp practices indeed and will not help any consumer by acting fast on scammer.

I am surprised the so called web3 lady, Chiamaka Faith turned out to be a scammer. I actually communicated with her on the basis of pay on delivery she put forth on her thread though many Nairalanders kicked against it. They suggested that she may actually be the eloride, the scammer who ripped me of N339,000 in April in the name of TV importation from China. They also opined that she must be the same notorious scammer Chibuzo Eze, who took Nairaland by storm in 2012/2013 saga.

I tended to believe her because of the pay on delivery idea. I eventually backed out when she asked me to pay upfront for the port clearing fee of the Range Rover Autobiography she was buying for me. After then, I searched her Facebook story that seemed to depict the Los Angeles California base she claimed but I could see from past postings of her Facebook that she used same business name (Chibiz) and advert style of Chibuzor Eze of that time.

I am surprised to see now that it is the same surname, Worlu, that she used in scamming you that he used on me for China TV but only changing other names and monikers. Worlu Adaeze Desmond to Worlu Adaeze Mike to Worlu Chiamaka Faith of Ecobank. My scammed N339,000 was paid into his Worlu Adaeze account in First Bank. Unfortunately, banks will not help us.

myusabuy4us:
Good Afternoon Sir,
Thanks for the wonderful question, as regards to our service its based on payment before the item is been purchased and delivered to your door step and as for the clearing of the car and custom it is optional based on you telling us to handle the clearing or we can bring in the car then give you the bill of lading which you can as well clear it your self
Thanks @arbitrage.

Thanks.

Joel3:
I want to send western union in dollars within Nigeria. to another state. has anyone send western union within Nigeria. ?

someone with experience come here please. is it possible to send western union in Nigeria and will they accept and pay in dollars?

WU or MG can send anywhere worldwide and for Nigeria, everything will be in naira. But why WU within Nigeria when your recipient can never be remitted in dollars and it is even easier for you to transfer or deposit into his or her account by bank rather than filling long WU/MG forms, and considering WU charges in addition?

shigoslim:
i have done that waiting for their reply. thanks for your concern.

How much is the other deduction you observed again? I know of $29.95 annual fee, which I paid earlier in the year equivalent to our GTBank annual card maintenance fee. I have written in a thread here before that Payoneer card is not free but costs $25. But if you refer someone to obtain his card through you, both of you will be credited with $25 each, anytime the person first fund his payoneer, which is what makes your card free somehow.