Jrobbins's Posts
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 Politics / Re: Labour Party Wins Big At Airport Staff School Enugu - Punch by jrobbins: 5:01pm On Feb 25, 2023 |
Lol. aPC = O |
| Politics / Re: Soldiers Kill Ballot Thief In Kogi (Pictures) by jrobbins: 1:52pm On Feb 25, 2023 |
OmoFiditi: He's a graduate
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| Politics / Re: Soldiers Kill Ballot Thief In Kogi (Pictures) by jrobbins: 1:51pm On Feb 25, 2023 |
| Politics / Re: Soldiers Kill Ballot Thief In Kogi (Pictures) by jrobbins: 1:50pm On Feb 25, 2023 |
Midehi3: I even know the person . It's Kogi state. |
| Politics / Re: Vote Buying Will Be Done By POS by jrobbins: 6:11am On Feb 25, 2023 |
This guy no wise. Who'd drop account number for vite buying? 1 Like |
| Politics / Re: Northern Imams Association Of Nigeria, NIMAN, Endorses Atiku by jrobbins: 3:46pm On Feb 24, 2023 |
Definitely. That's what it is, and the followers would never disobey 2 Likes |
| Politics / Re: Sheikh Dahiru Bauchi Endorses Atiku, Directs Followers To Vote For Him by jrobbins: 6:36pm On Feb 23, 2023 |
E don start. Friday prayers tomorrow, the Imams would tell them who to vote for. And the northern vote is usually Bloc. 11 Likes |
| Business / Re: First Bank Is Receiving Old ₦500 And ₦1,000 Notes Nationwide (Photos) by jrobbins: 5:30pm On Feb 17, 2023 |
inoki247: OK |
| Business / Re: First Bank Is Receiving Old ₦500 And ₦1,000 Notes Nationwide (Photos) by jrobbins: 5:29pm On Feb 17, 2023 |
inoki247: Good luck. Keep telling me more |
| Business / Re: First Bank Is Receiving Old ₦500 And ₦1,000 Notes Nationwide (Photos) by jrobbins: 5:27pm On Feb 17, 2023 |
ModCaller: I won't divulge more. There's even a description to how the old notes must be posted. |
| Business / Re: How To Deposit Old 500 and 1,000 Naira Notes Into Your Bank by jrobbins: 5:27pm On Feb 17, 2023 |
ThierryJay: Check my last post before this. |
| Business / Re: First Bank Is Receiving Old ₦500 And ₦1,000 Notes Nationwide (Photos) by jrobbins: 5:24pm On Feb 17, 2023 |
inoki247: Internal but I'd share it. I cut off some things for identity sake
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| Business / Re: First Bank Is Receiving Old ₦500 And ₦1,000 Notes Nationwide (Photos) by jrobbins: 5:21pm On Feb 17, 2023 |
youngreezy: Yeah, if it's old notes. There is a way banks are instructed to deposit old notes. One BVN per person. |
| Business / Re: First Bank Is Receiving Old ₦500 And ₦1,000 Notes Nationwide (Photos) by jrobbins: 4:55pm On Feb 17, 2023 |
inoki247: Not possible. It's a one off deposit |
| Business / Re: How To Deposit Old 500 and 1,000 Naira Notes Into Your Bank by jrobbins: 4:52pm On Feb 17, 2023 |
Period007: Of course |
| Business / Re: How To Deposit Old 500 and 1,000 Naira Notes Into Your Bank by jrobbins: 4:47pm On Feb 17, 2023 |
ThierryJay:No Bank was allowed for just today |
| Business / Re: Banks Insist On Rejecting Old Naira Notes Despite Supreme Court Order by jrobbins: 9:10pm On Feb 10, 2023 |
Gilgil: 1 Like |
| Business / Re: Your Narrative Is Inaccurate And Misleading - Sterling Bank Replies ICPC. by jrobbins: 5:11pm On Feb 09, 2023 |
MrMcJay: God bless you pally. Most people don't have an idea how this things work. They don't know the cash shortage is due to CBN not printing and disbursing much to commercial banks. Wtf is 250m to the HQ of a bank? |
| Business / Re: Your Narrative Is Inaccurate And Misleading - Sterling Bank Replies ICPC. by jrobbins: 5:07pm On Feb 09, 2023 |
moscow007: That's the HQ. They'd still have to distribute to other branches. |
| Politics / Re: FG Insists On February 10 Deadline For Cash Swap by jrobbins: 10:15am On Feb 09, 2023 |
drlateef: Lol. CBN will not pay out the old notes to banks. It's been mopped up already. Where will you get the old notes from to use? How much old notes do you think is outside now when CBN claimed to have retrieved over 75% of it's target? |
| Politics / Re: If You Are Still Accepting Old Naira Notes, ÒYÒ Is You State Na Dustbin E dey Go by jrobbins: 9:00am On Feb 09, 2023 |
inoki247: People will still suffer to have access. Banks won't pay out old notes. CBN won't issue much new notes to banks. Na politicians wey still get plenty for house dey fight for their loot |
| Politics / Re: FG Insists On February 10 Deadline For Cash Swap by jrobbins: 8:53am On Feb 09, 2023 |
Asabe4: All these people celebrating don't know the issue is still lingering. If CBN doesn't print and release more new notes, doesn't allow banks to pay old notes, then the problem still remains. All the poor masses complaining in banks wouldn't have been doing that if they had old notes to spend because it still hasn't expired. The CBN has mopped up old notes from ordinary citizens. It's politicians that has most of the old notes still outside. 1 Like |
| Politics / Re: FG Insists On February 10 Deadline For Cash Swap by jrobbins: 7:37am On Feb 09, 2023 |
😂 My concern is why aren't these people pushing for more new notes to be released into the economy. Why is their concern only about the old notes to continue being legal tender? Banks would still not pay out old notes and except you've stocked up old notes at home, this is just a total waste of time, except CBN reverts and push old notes into the economy as the new notes printed isn't much. Cash shortage problem hasn't been addressed yet. 32 Likes 1 Share |
| Politics / Re: Protesters Hit Abuja Over Supreme Court Order On Old Naira (Photos) by jrobbins: 7:49pm On Feb 08, 2023 |
A lot of people are rejoicing about the supreme court judgment but has failed to think about it critically. The order only states that the old notes shouldn't become ordinary paper by the deadline, but it hasn't addressed the issue of low cash supply. Most people have already deposited their old notes in banks and the order doesn't states that banks can pay out old notes. So everyone will still have to go to banks to get cash and the bank will only pay out new notes which is limited in supply. This judgement, except it's being modified, to allow commercial banks recirculate old notes, would only favour anyone who has stashed millions or billions of naira in a storage room, else we're still where we are, as the old notes hasn't yet expired and we're already facing problems because banks aren't allowed to push back old notes into the economy 23 Likes 5 Shares |
| Politics / Supreme Court Order Hasn't Stopped The Cash Crisis Wahala by jrobbins: 4:00pm On Feb 08, 2023 |
A lot of people are rejoicing about the supreme court judgment but has failed to think about it critically. The order only states that the old notes shouldn't become ordinary paper by the deadline, but it hasn't addressed the issue of low cash supply. Most people have already deposited their old notes in banks and the order doesn't states that banks can pay out old notes. So everyone will still have to go to banks to get cash and the bank will only pay out new notes which is limited in supply. This judgement, except it's being modified, to allow commercial banks recirculate old notes, would only favour anyone who has stashed millions or billions of naira in a storage room, else we're still where we were as the old notes hasn't yet expired and we're facing problems because banks aren't allowed to push back old notes into the economy. Seun Fpmoderator What do others think? 2 Likes 1 Share |
| Politics / Re: Naira Redesign: Kogi Residents Celebrate Supreme Court Judgement by jrobbins: 3:43pm On Feb 08, 2023 |
joelbooks: Where in Kogi is this? What are you spewing here? See people with banners and brooms campaigning and you call it celebration. |
| Politics / Re: Naira Redesign: Kogi Residents Celebrate Supreme Court Judgement by jrobbins: 3:41pm On Feb 08, 2023 |
Most legit Old cash are already in the bank. Only people who have stolen much and hid should be happy because CBN might still not allow banks pay out old notes. |
| Business / Re: CBN Has Successfully Shifted Blame To Commercial Banks by jrobbins: 8:16am On Feb 08, 2023 |
Parachoko: That's a mother branch (CBN would never give 200M to any single branch because they didn't print much) responsible to distribute to other branches. Maybe the movement just came in and CBN being aware that they've not distributed it ( cash isn't just ordinary paper to banks that they'd be moving without logistics) quickly carried eye service surveillance. They've released the bank officials and I'm sure no sanction will happen. You know CBN, as apex bank would have been sanctioning banks by now if they're saying the truth. The banks are kinda feeling somehow(scared maybe) to come online and show disagreement with CBN. I've toured again this morning, the banks are still closed. I believe, banks have realized a subtle way of protesting against CBN. 1 Like |
| Business / Re: CBN Has Successfully Shifted Blame To Commercial Banks by jrobbins: 7:02am On Feb 08, 2023 |
hisgrace090: You think it's easy for small commercial banks to be able to see the little given to them when it was stated that all initially must be loaded to ATM? If there was sharp practices happen, most of them is happening from CBN. Let CBN go to court and prosecute the officers of the banks caught before you'd believe their social media nonsense. When did CBN/EFCC/ICPC start recording videos? They know the truth but they've successfully pushed the blame. |
| Business / CBN Has Successfully Shifted Blame To Commercial Banks by jrobbins: 6:03am On Feb 08, 2023 |
This issue of naira redesign is now a serious problem in the country as liquid cash is scarce. CBN's initial aim is to reduce the cash flow in supply and encourage online transactions not minding the fact that it won't augur well as Nigeria is not yet fully developed in terms of literacy and network reliability. The policy isn't working as planned but instead of facing the actual issue and agreeing that the mode of implementation is bad, CBN has gone on a jamboree, busting commercial banks and recording any new notes they see and uploading to the media all in a bid to shift blame to commercial banks. Those banks seen with high volumes of new notes are probably main branches whose responsibility is to distribute to other remote branches. Now that CBN has shifted the blame and the banks know they can't meet up, most of them are closing temporarily to avoid irate customers who think it's the commercial banks fault. In Anyigba and Idah, Kogi state, all banks were closed yesterday due to unavailability of cash which the customers will think is their fault and destroy properties. I am also aware of some branches that closed in other locations to avoid the rage of people coming for cash. This is not the first time nor the first country to redesign currency note, why is this time difficult? I believe as days go by,more bank branches will temporary close except CBN comes up with something spectacular. What's helping is the few old notes still being spent by people. if by Friday people go to banks to deposit the old notes, they'd want to withdraw immediately and once the bank can't pay them, I foresee clashes. This is my humble opinion, please seun, Lalasticlala and fpmoderator should help move to right section for more opinions. 3 Likes 1 Share |
| Politics / Re: Emefiele Meets Yakubu, Says CBN Will Not Be Used To Frustrate 2023 Elections by jrobbins: 6:22pm On Feb 07, 2023 |
Nbote: They forgot Buhari and Idiagbon changed currency as a military man. Was Emefiele in government then? Buhari's signature moves are always currency change and border closure. It was even harder then as there was no electronic banking 3 Likes |
| Politics / Re: ‘13 Parties’ Threaten To Pull Out Of 2023 Elections Over Naira Redesign by jrobbins: 1:42pm On Feb 06, 2023 |
ChangetheChange: Read first. You'd see they were saying they'd pull out if the deadline date is extended as requested by APC governor |
pls let's get the right information, which do we believe now 
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