₦airaland Forum

Truth234:
A number of Deposit Money Banks in the country have barred their customers from using debit and credit cards to withdraw dollars, euros, pounds and other foreign currencies whenever they travel abroad, investigation by our correspondent has revealed.

The development may put business and leisure travellers, who may need hard currencies to meet some obligations abroad, in a difficult situation.

Also, students who are studying abroad and often rely on withdrawing hard currencies with their Nigerian payment cards from Automatic Teller Machines abroad to meet certain needs may find the situation challenging.

Findings by our correspondent revealed that the naira volatility of the past year made many of the Nigerian banks to get their fingers burnt and the fear of losing heavily to possible future currency volatility was making them to exercise restraint in reactivating overseas ATM withdrawal services for their customers.

However, some banks, which are said to be having high risk appetite and some with partner banks overseas to make settlements easier, are having a smooth ride and as such, have reactivated the ATM withdrawal service overseas.

A top banker close to the development, who spoke to our correspondent under the condition of anonymity said, “Each bank has various reasons for not yet activating their overseas ATM cash withdrawal service. For some banks, they ran into losses last year when the naira fell and, as such, they are trying to minimise their risks now.

“For such banks, there is no plan to reactivate it. Some others banks are not ready to reactivate the service because they are trying to check customers who are doing round-tripping. It is for various reasons that the banks are not stopping yet.”

Findings by our correspondent revealed that while almost all the banks allowed customers to use their payment cards to do Point of Sale and web transactions overseas, a number of them had suspended their ATM cash withdrawals without indicating when they would resume.

It was gathered that Guaranty Trust Bank Plc, Fidelity Bank Plc, Stanbic IBTC Bank and Standard Chartered Bank Nigeria were among the lenders that had suspended their ATM cash withdrawal services.

When our correspondent put a call through to their customer service centres, the banks confirmed they had suspended the services without stating the reason and possible resumption plans.

The customer service personnel, however, said the PoS service abroad and Web services were available for customers to use.

Some bankers told our correspondent that in terms of volume, Nigerian banks were spending more in overseas settlements from PoS and Web than in ATM cash withdrawal.

They said the fear of money laundering by customers was a major reason why some banks had to stop ATM cash withdrawal overseas.

They also stated that for some banks, the settlement issues they had when the dollar was scarce last year was making them to limit their card usage abroad to only PoS and Web transactions.

Following the crash in global oil prices, the drop in Nigeria’s foreign exchange revenue and the resultant dollar scarcity that hit the economy had made the local banks to suspend the ATM cash withdrawal and the PoS services abroad. They also stopped web transactions.

However, following the improvement in forex supply early this year, some banks announced the resumption of the services.

Some of the banks that have resumed full services in these area include United Bank for Africa Plc and First Bank of Nigeria Limited. Similarly, Zenith Bank Plc, Ecobank Nigeria and Skye Bank Plc have announced that their customers can do the ATM cash withdrawal, the PoS and web transactions.

But some of the banks, which have yet to resume full services, claimed that the regulator was not giving them approval to do so.

http://investorsking.com/nigerian-banks-stop-atm-cash-withdrawal-abroad/

Desyner:
You are speculating. How does the church make profit? You will probably speculate further in answering that question.


Where is the proof that Oyedepo and Adeboye buy jets with profit or make profit. You talk trash as if Oyedepo isn't on a salary. Keep getting emotional over simple contribution. What you are after is contribution of believers towards their beliefs. Govt can't do nada because everything inside the church is contribution and voluntary.

FOLYKAZE:
Is Buhari not paying tax too? He earns salary after tax has been deducted.

And where is the evidence that Yusuf medical bill is offset from tax money? You guys just real out garbage from your anu just to prove a point.

On the principle of equity, the Church and Mosque is a business avenue which must be taxed. In UK, churches and religion centres are been taxed. This is because most full term pastors and bishops are been paid salary. The church earn revenue from every possible means. Either by selling religion items or offering money for special prayers. All these are no different from corporate organizations that render services or Industries that sells manufactured products which are taxed.

The Church property like every other Business properties should be taxed. The Sales revenue and Salaries of Pastors should be taxed too. There should no exception because both Church and it operators earn money. There is money flow that is taxable. These pastors or whatever they tag themselves should pay income tax just like every person. And the church which makes money from the congregation should also pay tax just like every other business or institution

Hautside:
Are these things done for free? Can you afford to live in the RCCG camp? I mean, how many auditorium will the church have sef? Since I have been attending RCCG, there has been about 3 old Auditoria. Why do we keep building new auditoriums? What happens to the old ones? Me ayam just asking questions o!!!

ahmedbanj:
[color=#770077]

GoldHorse:
I know a lot of you guys are waiting or even wishing for something bad to happen to Freeze. .....then u will be like - God don catch am for insulting His annoited!"

Well bad things happen to people everyday, even pastors. And the God I know don't kill people for people just because they wish it else you for dey see people just dey "fall and die" like cockroaches wey jam sniper in answer to the prayers of some people wey their church dey on top of mountain way catch fire

NwaAmaikpe:



Kemi Adeosun is one of the reasons I have zero respect for Polytechnic graduates.

Bhelamblog:
Pastor Adeboye Ask His Members To Donate N1billion, Freeze, Davido, Jude Okoye React

Yea, You got it right, 1 billion Naira! RCCG Pastor Adeboye is dragging lots to criticism to himself after he was videod during a recent church service asking his members to donate N1billion naira, And as expected Daddy Freeze shared the video on his page reacting to it, calling it the highest form of duping, Its already enough that people are worried about paying tithes, and this just even adds to the fire, cos people will even be more scared, to pay offering, talk more of tithes..

And Davido commented on the video, even Jude Okoye.. see below plus the video


Watch the video;

HERE-- https://www.instagram.com/p/BcEoLxlHam0/?taken-by=daddyfreeze

https://www.youtube.com/watch?v=8EQxxDmllqE

Or here

News From Ebiwali-- http://www.ebiwalismoment.com/2017/11/shocking-video-shows-pastor-adeboye.html

drewe20:
It is quite easy to verify if the C of O (Certificate of Occupancy) of a land in Lagos state is genuine or not. You can do this by taking a copy of the C of O or only the C of O number to the land registry at Alausa.

There are 3 categories of verification

1 You can verify if the C of O is in their database. They will search their database with the C of O number you present and if it’s there, you will see it on the system. The process takes only a few minutes. This service costs N3750 (Three thousand seven hundred and fifty naira).

2 If the C of O is in their database, and you want to be sure that the C of O you have and the one on their system are the same, you can ask them to print it out for you. This service costs N5625 (Five thousand six hundred and twenty five naira).

3 If you want to see the original copy of the C of O that was uploaded into their database, they can retrieve it for you but it can take a few days. This service costs N50, 000(Fifty thousand naira)

All payments can be made there at the registry but they don’t accept cash.

Penalty82:
Join you how?

Penalty82:
He wasn't there at the beginning, Maybe he was receiving prayers from Daddy G.O for protection.

nony43:
The man is a good orator, he should just come out for president come 2019

netflicks:
The idle presidential aircraft in london consumes 4k pounds everyday for parking lot and its idleness. By 12am this morning,it would be about 84days it has stayed idle and if you multiply that by N400/1pounds for 84days it will amount to N134,400,000.00 doing nothing but waiting for the president to get well.

This is not a government but a mistake.

Jengem:
Lies

Okorocha is wearing a scarf in London summer

Fake news

dealslip:
alot of people make the mistake of thinking Osinbajo came close to wealth because he was in government. Osinbajo was born with the proverbial silver spoon. His parents were wealthy. As at the 60s, he was attending Corona school, how many parents in this modern times can afford Corona not to talk of then. He is a modest man, that is why people think so. I learnt he is always fasting due to his spiritual inclination. which many moslems are doing presently, sometimes he is slim and some times he puts on. it sounds funny when because people grew up in poverty, they expect that every other person must have grown up in the same circumstance like them.

cold:
Please enlighten us. What has she achieved?

Chukwuka16:
I think we should look at this statement from a different perspective.

Is the governor trying to tell us subtly that they have developed a means of thwarting the BVN requirement for operating a bank account? Knowing fully well that the governor earns salary and other allowances and other 'allowances', it is imperative to begin to investigate how holistic the BVN exercise has been in curbing fraud. If EFCC has been able to hound a couple of folks by tracking their account balance using their BVN, then we need to know how certified 'thieves' with residences in .... have been able to stay under the radar. Let's not forget that these politicians have access to the bank hierarchy and are capable of anything. It might also be that the governor has succeeded in converting his loot to forex and storing it in a shack deep in the village somewhere in Osun State or wherever and so is no longer afraid of roving eyes.

People with inside knowledge should please enlighten me on alternative reasoning perspectives to the governor's statement.

In addition, I would want to finally admit that the operation hypnotize them exercise embarked upon by politicians on Nigerians (through delayed salaries and allowances to bring them under control, break their will and intimidate them) is becoming successful. If Aregbe could spew that nonsense before a cross-section of indigenes and people could not stand up and walk out or drive him away but swallowed the rubbish hook, line and sinker, then we should not expect much during the 2019 general elections. In fact, I make bold to say that we might even have worse leadership in 2019.

Are politicians now this bold in Nigeria that they have no fear of the populace again? When did a minute few become so powerful as to subjugate the will of tens of millions of persons with no consequence? What is happening to Nigerians?

Charlie31:
I am Nigerian and a regular Netflorist customer and must say their service has been exceptional. I find it hard to believe this story. You should give us the real reason you are having problems with your order. Your response is typical of many Nigerians, very confrontational when all you probably need to do is ask for clarification. Why did you even send your proof of address and ID? What type of card did you use? Credit? Debit? International or local card? Something must have triggered suspicion. Please, tell us the real issue and stop making us all look uncivilized. We already have enough to deal with here because of our dodgy countrymen.

hedonistic:
The position of First Lady is not a 'public office'. She didn't manage any budget, neither did she have access to any public funds. She didn't hold any political position - elected or appointed... Other than the brief, Ill-advised stint as a ceremonial State Permanent Secretary at large (in absentia) in Bayelsa State.

We all know that any money she has most likely came from gifts. That's the country we live in, and that's our culture. Even nobodies like us get monetary gifts from friends and relatives when we want to do weddings, birthdays, burials, or anything. Imagine the number of high profile friends and associates that someone like Nigeria's First Lady would have. Countless billionaires, businessmen and favour seekers would easily pay millions into her account as 'greeting money'. It's difficult to prove in any court that such gifts constitute money laundering or criminal acquisition of wealth. Let's not allow unnecessary frustration or sentiment becloud our common sense.

Kingsley1000:
source : http://pulse.ng/local/patience-jonathan-bank-blocks-ex-first-lady-from-accessing-her-unfrozen-account-id6511858.html

tyokunbo:
Source: http://towncrieronline.net/2017/04/03/governor-yahaya-bello-spotted-with-gov-tambuwal-in-full-military-regalia/

As shared by a Facebook user, Enitan ,

If it were Fayose, this would have made headline and probably be trending on Twitter by now. This is Kogi Governor, Bello in full military regalia, exchanging pleasantries with Gov. Tambuwal.

kenonze:
This totally unacceptable.
There is a clear cut statement about civilians putting on military uniforms.
The laws are there but it's for the poor.

tens4real:
Fayose the man of the people, he is indeed greater than awolowo, the slayer of APC and of course Bihari's nightmare
I salute you sir!!!!