0taPiaPia:
Sending money to Benin should be an international transaction na. I don't understand the circular

Nigerians change illegal money to cefa at Nigerian border and then go into benin republic to send the money to another country from benin.

inoki247:
He be like say diz CBN people are on drugs...


Can you send money out of the country....


CBN policy doesn't allow someone to send out money to other country you can only receive so what transaction are dey talking about....

You can send money to any country of your choice and any amount.

brosom:
POT calling KETTLE black

so you are from Benin republic? Thunder fire fire all the enemies of nigeria I garantee you

Educated and certificated illiterates in high places dishing out blind policies to equally blind followers.

zuraking:
Nigerians change illegal money to cefa at Nigerian border and then go into benin republic to send the money to another country from benin.

So how will importers survive?

CBN is simply discouraging importing through Benin. Major importers are in serious shit.

hope4nigeria:
so you are from Benin republic? Thunder fire fire all the enemies of nigeria I garantee you

U re a man most miserable .

Its because of Sunday Igboho.

Sunday Igboho came out to claim Benin President visited him and promised him nothing will happened to him.

He ensured he was well protected and taken care of.

He let his wives and kids visited him.

He did not hand him over to Nigeria government.

Buhari government is angry with benin republic.

They fired the first shot by shutting the border against Benin republic. And it was targeted at Yorubas.

Benin republic used Sunday Igboho to pay Nigerian Government back. Although what they did is what a normal country should do, unlike Kenya which is ruled by thugs like Nigerians.

Now they are attacking benin banking system. Their banks are better than Nigerian banks..everyone knows that

inoki247:
He be like say diz CBN people are on drugs...


Can you send money out of the country....


CBN policy doesn't allow someone to send out money to other country you can only receive so what transaction are dey talking about....

You must not comment. You don't know what is going on in the boarder

Emmyreal4:
they debit for useless reasons and their customer service is poor

They deduct at least 50 naira from my account daily.

Someone should pls suggest a normal bank for me to change to.

SugarGirl44:


They deduct at least 50 naira from my account daily.

Someone should pls suggest a normal bank for me to change to.

try standard chartered

Hmmm.

Which border has the highest porosity, pray tell.

Ìdí Ìrókò border Or the Northern borders?

Who uses hard drugs and recreational drugs the most? The ESN or Boko Haram and ISWAP?

So I wonder why the CBN will be worried about transactions with Benin Republic which is dominated by foodstuff, automobiles and textiles more that trade across the Northern borders which is dominated by weapons, drugs, organs and human trafficking?

Clearly, Buhari has an axe to grind with the government of Benin Republic over her refusal to extradite Sunday Igboho, hence the use of the CBN to wage economic wars on them.

frowland:


You can send money to any country of your choice and any amount.

Lol where did you get that from I don leave the country severally and people can't send to me....

Been to almost all d West Africa country sef still dey can't send to me and any time I call my bank that've branches there dey always tell me CBN policy doesn't allow sending out from Nigeria even with having a company account with dem....


so please show me where u get your info from you can mail your bank dey will tell you point blank you can't send out of the country to even ordinary Niger or Benin..

inoki247:


Lol where did you get that from I don leave the country severally and people can't send to me....

Been to almost all d West Africa country sef still dey can't send to me and any time I call my bank that've branches there dey always tell me CBN policy doesn't allow sending out from Nigeria even with having a company account with dem....


so please show me where u get your info from you can mail your bank dey will tell you point blank you can't send out of the country to even ordinary Niger or Benin..

Brother you can send money out of Nigeria sir!
I buy cars and sell cars, even with yout bank app you can send money to any country of your choice. Thanks.

Edith; I guess you will still reply to disapprove. Now let me explain.
No one is stopping you sending money out of Nigeria. The problem is the exchange rate.
If I want to buy agro equipments or items in exclusive list. I feel out form M via mobile app or walk into the bank and I get foreign exchange directly paid to my supplier.
If I want to import let's say used cars, I have to go to black market to source for USD. Thereafter transfer the usd from my USD account to any bank of my anywhere.
You cannot make foreign transfer using your naira denominated account. Thanks!

Emmyreal4:
try standard chartered

Ehen?
OK then.
Thanks.

SugarGirl44:


Ehen?
OK then.
Thanks.

they don't charge for maintenance and they don't charge for transfers within Nigeria

Emmyreal4:
they don't charge for maintenance and they don't charge for transfers within Nigeria

Oh really? That would be a relief o.

What about the charges from FG?

I always see that debit alert from access bank.

I wonder why useless FG is still taking my money.

inoki247:
He be like say diz CBN people are on drugs...


Can you send money out of the country....


CBN policy doesn't allow someone to send out money to other country you can only receive so what transaction are dey talking about....

Definitely
Incoming

Murio001:
This government never ceases to surprise me. Its not the role of the Beninise to protect your borders for you.

Which borders? Bank transaction sir...that is, wire transfer. I.e money laundering!

inoki247:
He be like say diz CBN people are on drugs...


Can you send money out of the country....


CBN policy doesn't allow someone to send out money to other country you can only receive so what transaction are dey talking about....

The warning is to prevent Nigerian banks from being used as a conduit for money laundering from - not to - Benin.

And of course, you can send money to other countries.

Vatsyayana:
This is simply because Benin Republic has decided to grant Sunday Igboho asylum (humanitarian protection) under the Refugee Convention.

Does that look like asylum to you or house arrest while awaiting trial?

For landed properties at very reasonable prices in Abeokuta Ogun State.

- Great Security
- Decent phcn power (at least 10 hours daily)
- Nearness to social facilities like shopping malls, supermarkets, nice relaxation spots etc
- Non-swampy or prone to flooding.
- No hold up and peaceful city .
- Few minutes drive from Lagos State.
- Perfect documents etc call us at.
BESTLINK ESTATE FIRM 2347034838185 23408159064121

litigator:



So how will importers survive?

CBN is simply discouraging importing through Benin. Major importers are in serious shit.

These are smugglers and not genuine importers. They are part of the people killing the economy by not paying due taxes to Government. You can't be supporting such and expect Nigeria to turn Dubai overnight.

Olee nii Emifele

Benin republic is very expensive. A data of 1k last for a day while a month rent in the country's capital is equivalent to 6 to 12months rent in Nigeria. Before Buhari destroyed the economy of Nigeria, I used to travel to Cotonu for purchase when Nigeria currency to CFA was like dollar to naira.
That country is a mess.

CBN be doing the most everytime https://ejerely.com/is-consumer-services-a-good-career-path/

MT:

These are smugglers and not genuine importers. They are part of the people killing the economy by not paying due taxes to Government. You can't be supporting such and expect Nigeria to turn Dubai overnight.

They are talking about curbing criminality, to wit; the criminal activities of drug barons. I understand.

But you will agree with me that it would have been better if it was classified.

Especially when you consider need to increase the velocity of money in an economy were interest rate is between 25-72% per annum.

And the fact that Nigerians will unnecessarily create more bottle necks with a view of exploiting this intel to the detriment of legitimate importers who prefer to use port in Benin Republic.

You can't even send money to Benin Republic from Nigeria in the first place Na. You have to carry cash and change it at the border.

So, what are these ones saying??

Vatsyayana:
This is simply because Benin Republic has decided to grant Sunday Igboho asylum (humanitarian protection) under the Refugee Convention.

You Gerrit

SmartyPants:



The warning is to prevent Nigerian banks from being used as a conduit for money laundering from - not to - Benin.

And of course, you can send money to other countries.

Except fees or medical, you can't send o. That's what all the banks will tell you

Lol so do you have the charge sheet for the crime that Sunday Igboho has been arraigned for in Benin Republic?
If you don't understand International Law ask for an explanation sir.

MT:


Does that look like asylum to you or house arrest while awaiting trial?