₦airaland Forum

Sirianese:
People in this part of the world spend their time analyzing useless issues...

While their mates in developed economies are calculating torsional vibration and designing spaceships, Nigerians spend days arguing over whether it was right to address a human being viaa his or her government name

Show us the spaceship that you designed.

Where is the tour?

If you're looking for an MTV standard "My Cribs" type of mansion, then visit Turakin Adamawa's house in Ganye.

Damn. They didn't learn from Next Cash And Carry.

$12,000 in two years is $500 per month.

That's around N650k.

It's okay!

triplechoice:
You don't have time for "beer parlour arguments". yet you wrote multiple lengthy essays and copy-pasted a manifesto. Now that your arguments have been dismantled point by point, you suddenly want to run to Reddit and claim this conversation doesn't add a dime to your pocket. interesting and very funny.

I never gave any December timeline , that is your invention. I never said Opay offer more value than all commercial banks combined, another invention. You are building strawmen because you cannot counter the simple fact I started .

If the conversation doesn't add value to you, why did you engage so passionately?

Safe journey to Reddit. The rest of us will continue building the future.

Okay sir.

Best of luck!

triplechoice:
I don't know if you were drunk when you read my earlier response, but your latest reply confirms you failed to comprehend what both of us actually wrote. we both used the phrase "at this point", meaning we were asking about what is being built in the present moment, expanding to remote areas of Nigeria right now, not what happened in the past. I also used the word, "creating", which refers to an ongoing process, not completed historical milestones. Because you failed to grasp this distinction, you built a strawman and initiated a debate I never started. A company can only claim to be "creating" present value if it is growing its employment footprint. Traditional banks are shrinking, while Opay is growing



Now, to address the copy-pasted manifesto you have recycled without reading the context: you wrote an entire essay, but you made one fatal error, you described a shrinking economic model and tried to pass it off as a growing one.

Everything on your list is in decline because traditional banks are actively cutting costs. Let me dismantle your argument point by point

First, you listed withdrawal slips , cheques, letterheads, deposit slips etc. But let me ask you , How many people these days are using withdrawal slips. Banks actively discourage it, Tellers now ask, "Why didn't you use am ATM card?. Cheque books are almost going extinct. Banks are going paperless to save money, so the demand for printing companies from traditional banks is declining, not rising.

Meanwhile, 500,000+ Opay agents print thermal receipts daily, far more demand for paper and ink than remaining banking halls

Second, traditional banks are closing branches, 229 in 2022 alone, and more since, not building new ones. They are boarding up windows and firing staff. So where is the new jobs for the architects , plumpers, engineers, furniture makers you listed?

Meanwhile, Over 500,000 Opay agents,and the number is increasing every day, are renting shops, fixing roofs, buying paint, installing fans, buying generators or installing solar panels, hiring local carpenters for wooden stand, paying signboard makers for their banners. That is decentralised construction employment happening in every village and city daily, far more than Access Bank's shrinking real estate footprint

Third, you listed vault manufacturers, CIT companies, alarm companies. But physical cash usage in banks is plummeting. Banks are reducing their vault sizes and reducing CIT trips to save costs. Opay agents, however, need mobile money security and local vigilantes to protect their daily cash float. That creates grassroots security employment that never existed before.

Furthermore, you listed cybersecurity, cloud infrastructure, data analytics, and AI as if Access Bank invented them. Opay uses all that too, plus more, because they handle millions of real-time micro transactions daily Traditional banks mostly outsourced this to foreign firms like IBM and Oracle, while Opay employs more local developers and data scientists directly.

I do not dispute that traditional banks handle institutional money. But employment value is not measured by how much corporate FX you move, It is measured by how many families eat. Access Bank touches the 5% elite. Opay and others, via their agents, touch the other 95% of Nigerians who just want to send ₦2,000 to their village

Opay is in growth mode, expanding its agent network, onboarding millions daily, and creating decentralised micro-businesses that never existed 10 years ago

So "at this point in time" Opay is creating more employment value for the masses than traditional banks.

And here is the reality even Access Bank cannot deny: they have their own POS machine they give to agents, but mobile money vendors say they are exploitative and not profitable. Everyone in the field prefers using either Opay or Moniepiont. The market has spoken.

Your list is an obituary for the past, mine is a blueprint for the future

I really don't have time to be having this beer parlour arguement l with you, sir.

If you think Opay will overtake all the commercial banks combined in valuation and net worth before December, fine!

If you also think that Opay currently offers more value to Nigerians than all the commercial banks combined, fine!

It's too early to be arguing over what doesn't add a dime to my pocket. And I don't even see how both institutions add any value to my life in my current timezone.

triplechoice:
Let's not pretend you didn't understand my point. I never said Opay is a superior bank to Access Bank, I said Opay creates massive employment value. The conversation was never about who has better Treasury Bills ,corporate assets, or more employment value,It was about your claim Opay doesn't employ people.

You're building a strawman to escape because you can't counter the facts: 500.000+ agents across Nigeria putting food on their tables daily. If you're blind to the employment value in this, there's nothing else I should be discussing with you.

Now, concerning your "20 tellers per branch, in 2026 how many branches of Access Bank actually employ 20 tellers?. Banks in Nigeria are aggressively cutting staff, deploying ATMs and pushing customers to apps to save costs. You're relying on outdated number while ignoring the half-a-imilliomi micro-businessness Opay empowered.

If you have a superior argument to disprove that Opay isn't creating value for Nigerians, bring it. Don't hide behind "I can't continue this conversation" just because you can't refute the numbers. Address the actual point: Does putting food on the table for 500.000 families count as employment or not?

I thought I was drunk when I read this.

What values is Access Bank creating that's more than that of Opay at this point?

I responded to another fellow here

maasoap:
What values is Access Bank creating that's more than that of Opay at this point? Individuals, micro and small businesses can't access their loans and other commercial banks. Many Nigerians run away from them because of too many charges and poor services.

Every physical banking document represents demand for an economic activity somewhere in the supply chain:

Deposit slips
Withdrawal forms
Cheque books
Account-opening forms
Letterheads
Envelopes
ATM receipts
Transaction forms
Corporate stationery
Security documents
Marketing materials
ID-card materials
Branch signage

This creates business for printing companies, paper suppliers, graphic designers, packaging companies, stationery distributors, logistics companies and equipment suppliers.

Technology companies also benefit from the bank's operations as Access Bank's operations require:

Core banking systems
Mobile banking applications
Internet banking
ATMs
POS infrastructure
Payment gateways
Cybersecurity
Cloud infrastructure
Data centres
Telecommunications
Software development
IT support
Network infrastructure
Data analytics
Artificial intelligence
Digital identity and KYC systems
Fraud-detection systems

Access Bank had thousands of branches. Abeg, just think about what it takes to operate hundreds of branches and service outlets.

There is demand for:

Architects
Engineers
Construction companies
Electrical contractors
Plumbers
Furniture manufacturers
Interior designers
Signage companies
Air-conditioning companies
Generator/energy companies
Security-system installers
Maintenance contractors
Property owners and landlords
Every new branch, office, ATM location or renovation can therefore generate economic activity outside the bank.

What about cash/branch management services that require

Cash-in-transit companies
CCTV suppliers
Alarm companies
Vault manufacturers
Access-control companies
Insurance companies

Just the physical movement and protection of money creates employment beyond the bank's payroll.

Let's not talk about

Corporate and investment banking
International trade
Government revenue
Shareholders

maasoap:
What values is Access Bank creating that's more than that of Opay at this point? Individuals, micro and small businesses can't access their loans and other commercial banks. Many Nigerians run away from them because of too many charges and poor services.

Every physical banking document represents demand for an economic activity somewhere in the supply chain:

Deposit slips
Withdrawal forms
Cheque books
Account-opening forms
Letterheads
Envelopes
ATM receipts
Transaction forms
Corporate stationery
Security documents
Marketing materials
ID-card materials
Branch signage

This creates business for printing companies, paper suppliers, graphic designers, packaging companies, stationery distributors, logistics companies and equipment suppliers.

Technology companies also benefit from the bank's operations as Access Bank's operations require:

Core banking systems
Mobile banking applications
Internet banking
ATMs
POS infrastructure
Payment gateways
Cybersecurity
Cloud infrastructure
Data centres
Telecommunications
Software development
IT support
Network infrastructure
Data analytics
Artificial intelligence
Digital identity and KYC systems
Fraud-detection systems

Access Bank had thousands of branches. Abeg, just think about what it takes to operate hundreds of branches and service outlets.

There is demand for:

Architects
Engineers
Construction companies
Electrical contractors
Plumbers
Furniture manufacturers
Interior designers
Signage companies
Air-conditioning companies
Generator/energy companies
Security-system installers
Maintenance contractors
Property owners and landlords
Every new branch, office, ATM location or renovation can therefore generate economic activity outside the bank.

What about cash/branch management services that require

Cash-in-transit companies
CCTV suppliers
Alarm companies
Vault manufacturers
Access-control companies
Insurance companies

Just the physical movement and protection of money creates employment beyond the bank's payroll.

Let's not talk about

Corporate and investment banking
International trade
Government revenue
Shareholders

RollinTNDA:
Naso one UK boy dey brag
I just ask am one simple question

If you kpai for UK
Can you afford 10,000 pounds for space in cemetery oo Baba vex log out

Na when you kpai for overseas
You go know say Home is Everything

Abroad no he like Naija wey dem go dig ground for compound. Noooooo
For abroad if you no book space for cemetery dem go donate your body for university make white students dey use your blokos dey study medicine

Or dem go dump or burn am to ashes
Tell me how that kind person wan rest in peace.
To fly body back to Nigeria 22,000 pounds

If you use that money bury person for Naija
The burial go loud like say king die

And to be buried outside the land of your ancestors doesn't sit well with me.
I rather be put back in the same soil of my father's father and great grand father's

Nothing sweeter than home. Forget
Ndi JAPA hope you have money for cemetery space

The first day I set foot outside of Nigeria, I told my friend, if I die in this land, look for a place and bury me. Don't stress yourself to move my corpse home.

I'll still remind him when we meet over the weekend.

triplechoice:
My friend, you don't need to throw insults or call people "poor" and stupid" to make a point, it just exposes how disconnected you're from Nigeria's economic reality. Your comment and that of bigpicture001 in this thread perfectly proves you both have a casual and stubborn understanding of the term "employment" .

Employment doesn't have to mean wearing a uniform in a factory or wearing a suit and tie inside a glass tower. In the digital age, employment means value creation. Apart from directly hiring tech experts, data scientists, compliance officers, fraud analysts and customer support staff, Opay has created massive value which has empowered a legion of agents all over this country. Over 500.000 active POS agents rent a shop or space ( paying a landlord), buy a generator or pay electricity bills, hires an assistant, pays local government levies and feed their entire extended families. That's over half a million households directly sustained. Now tell me, how many families did Access Bank's 229 closed branches sustain after they fired those workers?


The Treasury Bills, PTA/BTA, FX and mortgages you mentioned sound like sophisticated services, but that's just elitist gatekeeping. Here is the reality. Over 60% of Nigerians are unbanked or underbanked . A market woman in Onitsha or a bike rider in Kano doesn't need a PTA form to send their child to a local primary school. They need to save daily cash safely, transfer money to their village, and buy inventory for their shop. Opay provides that at zero cost to the user's pocket, while the traditional banks you prefer charge from 10 to 50 per transfer, plus other hidden charges.

If your financial status is so high, why are you scared of an app that gives the " average" Nigerian the same digital financial power you enjoy?. Traditional banks aren't closing because of Opay; they are closing because they refused to innovate and prefer to cut costs by firing their own staff

So before you pack your bags to Reddit or Quota, take a moment to realise that putting food on the table for over 500,000 families creates far more national value than paying 20 tellers per branch to push paper.

Cc. maasoap, horlando30. Mrexcell

Man, If you're of the opinion that Opay creates more value than Access Bank, I can't continue having a conversation with you.

20 tellers indeed!

You can continue enjoying the conversation with the people that you quoted.

Every time a topic like this pops up, I see how ignorant and poor Nigerians are.

Putting Access Bank Plc. and Opay in the same sentence should be labelled blasphemy!

I agree, Opay and other Fintechs have done a great job in the area of cash transaction management, but heck, if your financial status hasn't reached the level of requiring services such as Treasury Bills, Overdrafts, PTA/BTA, FX transactions such as School fees payment abroad, Mortgage, Trade Invinsible Payments, then you'll continue thinking that Opay is the best thing after slice bread.

Someone on this thread even said Opay employs more Nigerians than the traditional brick-and-mortar banks. Phew!

This should be a sign that it's high time that I pack my load out of here and relocate to Reddit or Quora.

Stewpidity could be infectious!

What is this clown saying?

Why should this even make the news?

MIB transaction can only be executed within the system. It just requires just an Imputter and an authorizer...

And they report states that the funds were moved to accounts domiciled within the bank...

Arry110:
This renaissance statue wasn’t far from my apartment- decided to go there - it was an 8 minute walk

Ouakam


Memories!!!!!

Arry110:
Arrived Senegal, my immigration experience was not a good one, will talk about it when I’m back
Horrible experience

Would love to hear this part.

Senegal ain't smiling with anything Green White Green.

Arry110:
I was glad I ate because this was a solid 2/10, Garri and fish- e no gree me chop

It's called gusgus... It's a popular dish around this axis, all the way to Morocco.

Even The Game had to make a song out of it...

Ali Bomaye!

stan4b:
This girl eyes no funny at all.

That girl is a solid 10!

ufotunang:
.. why laughing it can happen.. USA is not Nigeria.. USA have strong and independent institutions..courts

Story!

Bill Gates daughter faces jail term...

Lol.

VaginaAcademic:
gen z spotted. It's not wrong though.

If an enhanced due diligence is carried, that lady might have a son of your age.

Wow. Highly commendable!

The 2026 Summer Youth Olympic Games will take place in Senegal from October 31 to November 13, 2026.

Officially known as Dakar 2026, it marks the first time in history that an Olympic event is hosted on the African continent

The last time that we hosted the AFCON was almost 26 years ago.

These are the type of events that Nigeria should be hosting, and making noise about it.

Gradually taking over you say?

Damn, camera took over the common sense of Nigerians a very long time ago.

Everything is now content!

Threedoorsdown:
This baba is just lucky. All these marital troubles is enough to drown and ruin a man

I hope he survives it cos in the end he would have only himself to blame

Do not confuse skills, experience, and toughness for luck!

HacheNoire:
Y’all just need to be patient. By the time we humble his uncle in Osun state, his tone and perception about life will change.

He still thinks the noise he makes in the studio counts everywhere.

Lol

Look at this unknown entity!

Even before politics, these niggas were already made. Go and hustle and stop making noise on the Internet.

His name is David, his uncle is Ademola, who are you?


We ko, we ni?

Mtcheeewww!

Quiver:
If you are into building you would know that the roofing has it's advantages

You don't have to be into buildings... Just the knowledge of basic physics will give you an insight on the disaster that could happen.

Why won't I like tattoos when I have got "Death before dishonour" printed right across my chest?

This is 2026.. I used to think these Senegalese people no get sense, but it's like my people back home are worse.

Everyday... Yen yen yen yen.

No go find money... Siddon dey propagate rubbish opinions.

tunapawizzy:
SAFE your energy for tomorrow?

Her type will be screaming school Na scam on TikTok.

Itzlinda:
Lagos has no villages.

There are more people living in kano villages than those living in the main town.

It is two different population dencity.

Abi una are illiterate that you do not know what population dencity is.

Dencity indeed!

Nigeria is just a funny country.

Anybody can become anybody.

There's a non-stop supply of ediots to ensure that.