₦airaland Forum

This is 2023! They should learn to operate/use bank accounts for transactions! Illiteracy is not an excuse not to open a bank account and receive transfers! Neither will CBN renege on this policy! They can cry blue murder from now till they kingdom come expecting cash payment but the only thing they will get is the continuous fall in price of their cows. They are even lucky theirs is not perishable farm produce like tomatoes!

lexy2014:
How is the system over ready? Can you pls explain?

If you say people are stubborn is by forcing them or helping them to see why they should switch from cash to cashless?

How many "stubborn people" were forced to use ATM cards?

Why create chaos and suffering because you want people to go cashless?

How did you come to the conclusion that "nobody seems to want to use" banks e-channels? Is that what the banks told you?

If you don't want to use cashless options, no big deal. You still have other options :
1. Keep complaining about "Chaos and suffering"
2. Pay 25% fee to collect new notes from POS or stick to using old notes that will soon be rendered invalid by Feb 10.
3. Stay long hours on ATM queues to withdraw max 20k if you are lucky the ATM dispenses.

Whatever you choose from the 3 options to do your day-to-day transactions is none of my business at the end of the day. Last, Last everyone will be alright months from now!

dustmalik:
Do you know how transfers have been failing for the past few days? .

Well, I've been doing transfers for as little as #500 since Friday and mine has not failed! Failed transfers are still a very poor excuse and will not make CBN change its mind. Find something more convincing!

dustmalik:
The whole system is not ready for the new policy, yet you idiots think it will only affect politicians who intend to buy votes.

System is over ready! You people are just too stubborn to switch to cashless! Nigerian banks even have applications like scanning qr codes existing for years, that do not depend on network for transactions but nobody seems to want to use them. Always arguing and giving poor excuses to remain in cave era!

dustmalik:
I don't blame idiots like you. If we check now, you probably don't have up to 10k in your account.

What's wrong with having only 10k in my account! Is it not money I worked for?

The earlier you people realise CBN is going to make these new notes scarce even after Feb 10, the better for you! You can continue paying #100 for every #1000 you withdraw at POS, join long queues and spend productive hours to withdraw nearly non-existent scarce notes or start adopting cashless measures to save your time and energy.. Whatever you do at the end of the day is your cup of tea!

NURTW stop wasting your time! Old notes will be useless after Feb 10, new notes will continue to be very scarce even after Feb. 10. NURTW plead with tech guys to come up with an innovation that will allow seamless payment of bus fares without network wahala or you come up yourselves with simple ideas like bus cards, QR codes or something similar and simple.
CBN is being deliberate with it's action of restricting circulation of #1000 and #500.

Cchuks27:
NIGERIANS, THE NAIRA NOTES CANNOT BE ADEQUATELY IN CIRCULATION, YOU MUST DO MORE TRANSACTIONS ONLINE

Leave them! They don't want to have sense! One said he/she walked around Ikotun looking for ATM that dispenses cash but didn't find. Is that not foolishness? Why will I waste productive hours looking for ATM when I can do transfers?

New Naira racketeering will continue to exist because Nigerians are stubborn to switch to cashless alternatives!

Unlike black market for fuel whose alternative is long queues, scarce new naira notes actually has plenty alternatives that Nigerians don't use, citing poor and silly excuses.

CodeTemplar:
what about the tomato seller in market who doesn't have electronic banking? Our literacy and tech adoption level are so low, lots of people will suffer. People are rejecting old notes from their customers and cannot by from their merchant. It is crazy and needless.

When the tomato seller starts losing customers to other sellers that have switched to the different forms of cashless payment that have been existing for more than a decade now, they will adapt or allow their produce rot away! illiteracy is not an excuse! People will adapt when both buyer and seller can not do business. Hunger does not respect anyone!

iykejohnson:
And secondly, #100 downwards are not affected oo

As in eh... The thing tire me

tolexy007:
Don't worry Las las we go adapt, that is Nigeria spirit. After election now, u go imagine how the new naira will b flowing everywhere

Only notes that should be flowing everywhere should be #200 and below! Anything above should be moved to the different forms of cashless transactions!

TheNiceGuy:
Who told you they have ordinary browsing phone?

There's USSD transfer and MTN mobile money... Let them use that! Waiting patiently for your next excuse!

TheNiceGuy:
How much is POS that every okra, biscuit, nylon or sachet water hawkers will be able to afford?

Una dey vex person

Stop complaining for everything! Everyone will adapt! If pure water hawkers can't get POS, they can simply download, register and receive payment on bank apps like OPAY, palmpay, cowry etc. OPAY app is quite effective for microtransactions. Any serious business, small or large, will adapt to the current realities!

Below is a screenshot for payment to Fura di Nono hawkers (source: Twitter) ! Dey play, you hear!

If you're scared of transfer, feel free to pay premium of 25% for new notes that you will still spend in 24 hours! What's my own!

CodeTemplar:
People are in banks and POS units with old cash but no new notes in sight? How is that a success?

What do you need new notes for? I deposited all my old notes in 1st bank and I've been cashless since shops in my area started rejecting old notes. Paid #500 for 3 bags of pure water through mobile transfer just now. Been doing #500 and #1000 transfers since Friday! World did not end! If shop A doesn't collect transfers. I move to shop B!

The people in the pictures below are your normal day-to-day vendors!

bdon123:
Oga d rural people had over a month to return this money.Wat most do in rural communities is to gather money n giv d their chief to take to bank n return new notes.by d way i do support a slight xtension of 1 week as i realised Nigerians like doing tins at last minute.

No amount of extension will placate Nigerians! They will still wait till last minute!

Foolish Nigerians are busy paying 20 to 25% extra charge just to collect #5000 new note from POS operators. Money that they will still spend buying breakfast and other stuff in one day! Then return to pay another 20%! Keep encouraging black market for new notes!

Why do you want to hold on to cash so much? People should force themselves to go cashless! I've been doing transfers of #500 and #1000 since Friday, world did not end. Will be transferring 5k to the shop near me today, so that I can pick what I want without bothering myself about cash.

The people doing cashless in the pictures below are not aliens, they are your local day-to-day vendors!

Well, Tinubu and rotten APC are no better. APC has succeeded in outdoing PDP in the area of destroying Nigeria. In saner climes, APC should be begging Nigerians to forgive them not campaigning!

Vote Wisely! Vote LP! Vote Obi!

BluePrincee:
The shareholding structure of the Port is as follows: The Lekki Port Investment Holding Inc. (international consortium) owns 75% (China Harbour Engineering Company Ltd 52.50%, Tolaram 22.5%), the Lagos State Government owns 20% while Nigerian Ports Authority owns 5%.


What kind of math is this? All the percentage put together is supposed to be 100% who wrote this na? This is the more you look the less you see😭

You are the one who doesn't understand the math:
Lekki Port Investment Holding Inc. (international consortium) owns 75%. The consortium is China Harbour Engineering Company Ltd and Tolaram! So when you add the percentage of each member of the consortium, you get 75%.

Una still dey for this OBJ endorsement matter! Seems the endorsement of Peter Obi by OBJ is a big uppercut because I don't understand why you guys are still having headache and bringing it up if it's not that serious!

Both vote buyers and vote sellers should be arrested. In fact, the punishment should be heavy on vote sellers!

Atiku to win FCT and Rivers? For more jokes dial SBR!

So much noise making when all your principal could have done was attend an interview!

Temmylee02:
Bag of rice is 41k here in Abuja so I don't knw where you getting these figures from.
Any ways let do your logo design for as low as 2k

If you look well, you'll find 35k to 36k in same Abuja. I bought big bull half bag 17k after pricing from 18k.

adekennis:
He cant be charged for withdrawal below 100k across counter. He can simply register business name and have access to 500k cash weekly.. There are many loopholes if you read through the policy very well.

Lol... A POS operator in a busy area can exhaust 500k cash withdrawals in a day. Even in a less busy place, two days max.

Registering as 500k is no loophole!

edoncast:
If you want to enjoy this leave ,just marry 6 wives and calculate their ovulation period very well.

Then,impregnate them January, FEBRUARY, march,APRIL ,may and June respectively .Just do the timing very well.Do this every year and you will find out ,you are the real and legitinate ghost worker in FG payroll.

If you like marry 100 wives, you can only get 14 days paternity leave in two years. If your head of unit has legitimate reasons, you can even be denied these 14 days.

Conner44:
Normally, if your vehicle was running and it’s engine suddenly trips off due to one issue or another those lights would stay on until you turn the ignition key to the off position.

Watch out for it happening again and then scan your vehicle to know why.

Yeah, the lights stayed on till I turned the ignition key to the off position and then back on. Then I drove home without those warning lights coming back on.

Good day guys,

Left my honda city running while I branched to get some vegetables, I didn't spend up to 5 mins. 30 seconds after I drove the car, the battery and engine oil light popped on and the car stopped accelerating. Pushed the car to side of the road, then turned it off and on. The lights the come on again but I'm worried. Anyone have any idea why those two warning lights popped on at the same time?

Le2money:
We are more than 20k students here oo....at least 50k

Ah

Nsonaso:
Do you think is the school fees alone?

Whether school fees and any other expenses, will the money not be going directly into UK's pockets?

AFTER SPENDING OVER 30 MILLION NAIRA ON MY STUDIES, I FINALLY GOT WITHDRAWN IN MY FINAL YEAR JUST BECAUSE
@ZenithBank
REFUSED TO CREDIT MY UNIVERSITY FOR A TRANSACTION THAT WAS APPROVED IN AUGUST 2022. SAD

I BELIEVE I SHOULD SAY AN EXCEPTIONALLY ENORMOUS THANKS TO EVERYBODY THAT AIDED RETWEETED, LIKED, AND SHARED MY TWEET ON ALL WEB-BASED PLATFORMS, I TRULY FEEL A DEBT OF GRATITUDE AND CAN NOT THANK YOU ALL ENOUGH ON THE GROUNDS THAT YOU ALL SAVED MY LIFE.
@ZenithBank

30 million naira multiplied by over 1000 Nigerian students! (I know that the number is quite higher, about 20000 students) that's about 30 billion Naira! Omo UK steadily cashing out ! Now multiply that 30 million naira by 20000!

Sacrificing your freedom just for 3 minutes pleasure! Tufiakwa!

Curious345:
..

That was a typographical error. I meant to type Ibadan not Abuja. I must have mixed it up while rushing to counter your misleading headline before everyone starts spreading fake news and panic sets in.

Why are you still stubborn to do the right thing by editing your title? What exactly is your gain in misleading people?

RealLordZeus:
The devil will be shocked at the bolded statememt

That was a typographical error, I meant Ibadan not Abuja.

As an Abuja resident, the headline got me panicky and jittery I just rushed to counter the misleading information without editing. My bad!

Curious345:
Any contingent state bordering the FCT is close to the FCT..

Same news posted by three different prominent news outlet in Nigeria, not one mentioned NEAR ABUJA in its headline!
There's no single mention of Niger state in your headline where it happened!