₦airaland Forum

Rockstar07:
Below is the summary of the above article in bullet points for those fellas who don't have time to read.

1. The TSA system is consitituional, only that past administration refused to implement it.
2. CBN manage the accounts and sub accounts for all in-flow and out-flow.
3. All revenues from MDAs into banks are to be remiited to the TSA accounts daily BCOB
4. All MDAs won't have access to the funds in the banks, they may have to pass through the CBN after obtaining neccessary approval before funds can be release to them.
5. Banks may have to re-strategized on other means to get deposits from private coys or state govt that's even state won't follow fed pattern.
6. Banks may have to retrench their staffs esp the back office staffs and seek more sales staffs to get deposits by all means
7. Banks will increase their interest and reduce lending
8. The strategy will alleviate diversion of public funds by public office holders even tho there may be little diversion either through over stating cost or diverting funds given to them but it'll be minimal.

Good summary...

Looking at your points 5, 6, 7...

5. Has it occurred to you that public sector funds in the country is significantly high? Do you know the portfolio inbalance this policy will cause banks? Many banks may be forced to recapitalise or risk being liquidated! And you know how difficult it would be right now to raise funds for capitalisation, considering Capital Market tumble and general uncertainties in the economy;

6. You need to know that each bank has PUBLIC SECTOR as a directorate, headed by an Executive Director, and the staff strength here is enormous across banks and in totality. Retrenching will not only be for the back office (as you mentioned) but heavily for those marketers in the Public Sector desks. What a heavy calamity. Again, it is UNLIKELY that banks will have room to employ more marketers giving the dwindling revenue of banks occasioned by govt policies;

7. Sure. However, banks will not only increase interest rates/stop lending, but will also be in danger of running foul with statutory lending guidelines/portfolio limits.


My point,

1. This decision will only succeed in worsening unemployment situation in Nigeria. As you know, banks are probably the second highest employer of labour in Nigeria after the government. And, as you also know, banks have already commenced mass sacking all over the country.

2. Coupled with the ones we have seen in non bank sectors, Nigeria may plunge into a disaster in the next few months;

3. There could have been ways to retain these accounts in banks, but with a better management and control measures put in place. Sacking and prosecuting a bank CEO and other officers seen to aid and abate fraud in this regard would have been a better option;


This is from objective point of view!

bushdoc9919:
He was the cause of his own misfortune.



Dude....the minute the bank said no money.....you should have gone to another bank.....AT ONCE.!



Of course....they would deny it.....NO DOCUMENTATION FROM THE BANK OR FROM THE HAUSA MAN....NOT EVEN A CAMERA PHOTO....since you went to do business outside the bank with another man.

Sorry my man.....but you were the one who caused your problem. You should have gone to another bank....and you should have not done forex business without DOCUMENTARY PROOF!...AND WITH SOME GUY WHO IS NOT LEGALLY ALLOWED TO DO BUSINESS IN FOREX.

Nigerians!

Nigerians!

You are just talking theory! Do you now how know the Fx business works in Nigeria among the mallams and BDCs?
Please, find out.

Nigeria, your bad luck has just begun!
I hope you are counting the number of job losses since May the 29th?
This is 700+

Welcome change!

lastpage:
..And where did the "Bible of Christ" said its a sin to have more than one wife?

May be that Pastor is closer to God that Pa Abraham, King David or even King Solomon?

I dont think so.

Monogamy is a "western arrangement of convenience for property/inheritance sharing".

anyway, e nor concern me sha, each man to his own choice!



Lastpage!

Most of the people are ignorant of the Bible!
A lot of you do NOT yet know that the Bible is a book that links two major world religions (Judaism and Christianity)!
What Christianity and Judaism have in common are the names you just mentioned--Abraham, David, Solomon...!

The two religions parted ways where Jesus came and died. Judaism does not believe that Jesus is the Messiah and has come and gone.
Sadly, a lot of people, including pastors are ignorant of this,mind keep deceiving people with Moses said, Malachi said!

So sad!

Government of Boko by Boko and for Boko!
Will there ever be respite?

RIP!
Your 70 virgins surely awaits you!

This is serious!

By the way, I am not a lawyer, neither am I a pharmacist, but I know that nearly all drugs have side effects. Individuals also react to such drugs differently. I am sure that many people have taken this same drug without the same kind of reaction.

To me, if there is anybody to be dragged to court, it should be the Cardiologist (I doubt if he actually saw the cardiologist in a good hospital) who recommended the drug.

Good luck to you anyway.

GboyegaD:
Too many bad news of late. I pray God grant the deceased eternal life.

Yes, so much BAD NEWS...
since MAY 29th!

May the souls of the departed RIP!

INTROVERT:



Some girls can be dumb sha.... it's after every every she told her parents.


-gave sex
-gave 25k
-gave 2 phones
dullard

That is how to know the Children of Change!
THE WAY GULLIBLE NIGERIANS WERE DECEIVED INTO BELIEVING LIES AND PROPAGANDA IN THE NAME OF CHANGE!
Ntoooo!!!!

Nairaland and SNAKES.
Is this place becoming a Snake Blog!
#blogofsnakes#

KAI beating up a recharge card seller?
Nigerians, change has come!
Embrace it!

kennydee05:
They must bow to Jagaban of Africa.
Jagaban rule the political affairs of Nigeria.

Isn't that a bad omen?

sammyj:
Wailers food is ready come and eat and spew your usual trash . However, PMB and PYO are truly men of integrity if this report is true. Change as come

You are just funny!
How long does it take a man of integrity to declare his assets?
For your information, 100 days of suspense is more than enough to build as many skyscrapers as possible using stolen funds of FG.
We should not be talking about this Assets Declaration of "Men of Integrity" after almost four months! That in itself is fraudulent!

trendphemmy:
it isn't possible, at a young age, d first or the smartest is loved most, over time d most successful

If it is not possible for a parent to have equal love for their children, how then is it possible for a man to have equal love for FOUR WIVES, AS RECOMMENDED BY ONE PROPHET?

Exponental:
Can the law pls inflict some physical punishment to people like this while serving their jail terms.
At 34, 2 wives, 5 children. Definitely, he has no plan for himself and the children.

Sadly, Nigeria is not US, where when a parent is incarcerated, their children would be taken care of by the government. What becomes of the innocent children when such a one is imprisoned?

But this one is better than rape. If all rapists would employ the services of ashewo, they world would be a much better place, it doesn't matter if they went the way of this guy.

RIP randy guy.

What is it with this part of the country and rape sef?
Abi na curse?
Haba!!!

One Chance!

Victory for democracy!

I think this is an ANACONDA, not a python

One major reason as a married woman, you should not withhold anything from your husband!
Good lesson to wives out there!

There is nothing you can do. Do you have the financial muscle tto sue? Even if you sue, how would you prove there is an unfulfilled bargain since it was not written down. Just forget it and move on. The God who frustrated her for 11 years of childlessness will soon visit her in His wrath!

Ini Edo don repent ooo!
She no longer flaunts her Bo.obs!

ebubey:
http://thoughtcatalog.com/anonymous/2014/02/16-things-i-learned-from-choosing-to-stay-a-virgin/

@OP,
I love you for this!
God bless you abundantly.

However, a virgin has no need for Porn! It is a bad way to remain a virgin!

This is why you can never get SAN-ship!
You are not a realistic legal practitioner. I doubt if you also understand the diversity of Nigeria!

This man must have been murdered. They have not told us the truth!
Do we have forensic dept? I love Crime and Investigation channel!

Too many Nigerians committing suicide during the CHANGE era? The reason is obvious!

DDeliverer:
1year grace period? interesting.

what happened to 100days in office?

I am fully persuaded that at the end of the 1year, some naboobs of negativism will still say its too early to criticize the sole administrator.

I agree with you/By the end of four years, some unreasoning lot would tell you that PDP ruled Nigeria for 16 years, therefore, nobody should complain until after 16 years!

What a failed people of gullible orientation!

Oshiomhole is a worse disgrace; from NLC to party politics. He should bury his face in shame!

If he gets a PhD, then it would be cooking in a fire!

Students of "nawadez sef" and stupidity! One wonders when they would grow up!

Sad!








But I keep wondering if apc, North and violence have anything in common!!!
Too much violence and killing...