₦airaland Forum

EquityM:
My OTP is linked to my foreign number; if I stop the SMS notification, I won't be able to transact normally. I will try to divert my dividend to Sterling Bank.

Get hardware and software tokens and use only email for notifications.

DeLaRue:
Zenith is now a mammoth bank, but the market (stock market) continue to value GTB more.

Despite being smaller than Zenith and Access Bank, the market has regarded GTB as the best pound for bank in Nigeria for several years hence GTB has been the largest Bank in Nigeria by market capitalisation for several years.

GTB = Porsche - consistent, super efficient, great performer
Zenith = Mercedes Benz - big, solid reputation, potential to attain more
Access = General Motors - giant, average performer, uninspiring
First Bank = old, disoriented, and struggling to regain lost glory.

You did not compare FBN to a vehicle brand. I wan check something.

Atiku is a former VP. VP ranks higher than governor. He is also older.
So nothing to see here.

rayfotos40:
level pass level!
It's a shame to the Venezuela president that he couldn't invest in high tech security in his country

Na him wan manufacture the High tech?
Tech wey manufacturer don open backdoor for their own government's use.

Life is about purpose and resilience.

The title of the guy's favourite TV episode is very instructive - "Stranger Things" indeed.

The note is also full of enthusiasm. That is some mystery in itself.

emmaodet:
→Rent vs. Buy
→Big Emergency Fund vs. Small Emergency Fund
→Pay Off Debt vs. Keep It And Invest More
→Cash On The Sideline vs. Always Fully Invested

There are no "right" answers to these debates.

Personal finance is personal.

"Personal finance is more personal than finance"

From history, an Obaseki is always the Oba's betrayer.

What a heritage!

blowjohn:
It's not entirely a wise one.

Him for just buy cows na

He gave the best he could afford.
That is wisdom.

blowjohn:
Why ram? Why not goat?

Isn't goat cheaper than ram?

Did he say he wants to give them the cheapest?
His money, his choice.
Don't always look for fault.

faoogoke:
Abeg make una ask after Loco.
Since this Aso savings news from CBN the jijo specialist has not made a comment.
Loco you win some and lose some.
Take heart
Your followers on this forum need you abeg.

Loco himself said he has signed off till next year.

I believe all bank accounts have NIN

ExudeLoveToAll:
They have smart legal minds and they are loosing cases everyday in court because of their illegal dealings with customers? It's just that Nigerian society isn't legal smart else you will have plenthora of court cases emanating as a result of bank breaches every second in Nigeria.

Certainly, you will lose cases if you have illegal dealings.
When the bank is intent on recouping their (depositors) funds, you will know that a whole department is dedicated to legal, not to mention the other senior lawyers they will hire for the case.
Of course you cannot win every case as many factors may be at play.
But check how many loan cases they have lost against how many they've won.

giftson102:
There is one banking truth in this country that will shock you. And the banks will never tell you this.

Because it is one of the biggest tools they use to debit people’s accounts without warning.
And Nigerians, out of fear and ignorance, think it is normal.

But this is not normal. It is illegal. And you can sue the bank or report them to CBN.

Let me explain it clearly.

You see that thing that someone will send you money and the bank will automatically deduct or take all of the money for loan repayment?

By law, no bank in Nigeria has the right to debit your account for any loan repayment unless you signed a written debit mandate.

Not “verbal agreement.”
Not “you applied on the app.”
Not “the loan officer said so.”
Not “you clicked accept.”
Not “we assumed you agreed.”

Even if you are owing Billions, there must be a clear, documented, signed mandate giving the bank permission to take money from your account before they can legally do so.

This is a Central Bank of Nigeria consumer-protection rule, and it protects Nigerians from unauthorized deductions, intimidation, and exploitation.

So why do banks get away with illegal debits?

Because most Nigerians don’t know the law. (I don’t know why no musician has produced “Show Me the Law Song” we need such a song because most Nigerans don’t know the law.)

Most people don’t know they even have this right.
Most don’t know debit mandates must be signed physically or digitally with proper documentation.
Most don’t know they can challenge the deduction.
Most don’t know they can demand the signed mandate.
Most don’t know the bank must refund if the mandate doesn’t exist.

So the banks take advantage of the ignorance.

They debit you from another account.
They take money from your salary account.
They clean out your savings.
They go into dormant accounts.
Some even enter joint accounts.
And when you complain, they intimidate you with technical language.

“System flagged your account.”
“Your BVN is linked.”
“It’s part of the loan terms.”
“It was in the app.”

But the law remains:

Without a signed, specific debit authorization, the bank has no legal right to touch your money.

None.

What you can do starting today:
-Ask your bank to show you the signed debit mandate on any loan you owe.

-If they cannot produce it, request an immediate refund.

-If the bank refuses, report them directly to CBN Consumer Protection: cpd@cbn.gov.ng

-Attach your bank statement and complaint.
-CBN usually forces the bank to refund the unauthorized deduction.

Banks fear CBN queries more than anything else.

Know your rights, but most importantly, pay your debts.

Banks all over the post

giftson102:
Try to read and understand..
No conventional bank in Nigeria gives out loan without a written and signed documentation.
The emphasis here is on Fitech companies or banks that keeps harassing people over loans...

You should read what you wrote again.

The subject has "banks " .
In the post too, you kept referring to banks.

Now you are saying fintechs. Are fintechs not licensed?
Without proper licence, how will they execute direct debit mandates on accounts?
Do you think fintech debit mandates/requests will be honoured by banks if they are not licensed? Or you think anybody can debit anybody and expose the banks to litigation?

Even the fintechs giving out loans would have obtained consent and other permissions electronically.
Shebi you go just click "accept" and "continue". That is giving consent
It is not their fault that you don't read terms before clicking.

No dabble in matters above your pay grade.

De play.
Banks have a complete department of smart, legal minds.
Check you account opening documentations and you will find set-off clauses.
Check your loan conditions and you will find global standing instruction clauses.

honour8:
that any position you are given, do good by that position, rather than not accepting it, because you think you are too good or too righteous.

You need to believe in the thing for which position has been given to you. In other words you need to have buy-in and believe in the vision.

If he doesn't have buy-in should he still accept the position?
Was he consulted before being offered the position?

seunmsg:
Details are still sketchy but if true, this must not be allowed to stand. Soldiers from 35 Artillery Brigade in Abeokuta should be deployed to flush out the coupist immediately.

No remembrance of sovereignty.

West Africa is in serious trouble. The politicians better wake-up.

KarlTom:
Ding

Dong

Is that what his constituents sent him to the house for?
Humane treatment of animals , na for only dogs? How about chikens, sheep, goats and others?

Why are they releasing a report for year 2022 at the end of year 2025?
Worse still, the people indicted have since left office, so who is to be held accountable?
The office of the auditor-general can do better.

yarimo:
This is where Lt yarima need to show order from above

When the above no give order nko?

tunde1200:
Really.
So military man can disobey order of a whole Governor of a state.

A Governor is Chief security officer of his state but cannot even order the commissioner of police not to talk of a soldier.
He is not on the chain of command. The only civilian on that chain is the President who is the commander in Chief .
It is only that police can easily be influenced because unlike the military that has doctrine, police does not.

SpaceX:
you are right sir, I'm also a part-time man of God aka An apostle

Which one is part-time man of God?
Whose man are you on the other half of time?

This article would have made sense if Wike was being attacked. In this case he was the attacker.
Man would have slapped and embarrassed any detail trying to calm him down or remove him from the scene because of pride.
Those details have been with him and know how he can be.

Indigeneship certificate is same as Certificate of origin, so it is not a new thing. Every Nigerian has one.

The only novel thing is that Lagos wants to digitize theirs and I don't see how that is different from the ones that are in paper form.

Sir, I request to enlighten you. There is no such thing as a former General; once a General, always a General.

You may have former Presidents, former Governors, even former Chief of Naval Staff, but, a General is for life.

Check their retirement benefits. How many soldiers are given to the retired Generals to serve them at tax-payer's expense?

zeuss:
So you think it's wike vs soldier? It is C in C representative minister vs armed security personnel on private property on private assignment.

Try to grasp the scenario so what will follow in days to come is not a shock,

The soldier in uniform represents the sovereignty of the state and by extension symbolises the powers of the CinC.

Only the CinC can order that soldier to stand down because he is the ultimate power in the chain.
The minister, powerful as he may appear, is not in that chain and cannot override any soldier's orders.

All this talk of private assignment/property, yet the military hierarchy is in agreement that he was on lawful duty.

When an army chief retires and is given a small detachment, what do you think it is for?
Apart from his personal security, he can assign them to any other duties from time to time.

The soldier is an officer and a fine gentleman.
He made the institution proud.

Imagine bringing cameras to record him intimidating soldiers only to be humiliated.

Soldier that signed up to face death cannot be intimidated by mere shouting.

Publicly abusing a soldier on uniform is disrespect to the country.

The training they are giving these officers is topnotch. You could see his leadership ability shining through. Calmness in the midst of provocation, assertiveness without being insulting, even his body language showed he was in control of the situation.

He is truly an officer and a gentleman.

stuffs2002:
E be like say mkporu mirri still dey your blood.

The case is 100% civil and the land is a personal land of a retired navy personnel

Na that "mkporu mirri" no let you get critical reasoning ability.

The soldier was not under orders from the retired personnel but his own bosses who have power to assign him to any other duties from time to time.

If you get sense, you for know say that development will not be completed on that same day. So the minister can take out time to engage the superiors and still meet the project in development stage when he returns.

See example wey you give. Something that is urgent and important versus something that is important but not urgent.

stuffs2002:
It's still the same thing.

If a soldier is given orders to enter your house and sleep with your daughter, you will need to call the CNS or even the CinC to stop him

Ok let me engage at your level of reasoning, since you cannot differentiate between personal and official duties.
That thing I would have done to the soldier, i expected Wike to do same but he didn't. Why? He would have found out his true status.