Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) - Business (5)

Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) - Business (5) - Nairaland

Nairaland Forum › Nairaland General › Business › Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) (59273 Views)

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Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by gosmoney(m): 2:22pm On Sep 15, 2022

Are u seeing tomorrow?

Corridon:
This is what will befall Nigeria if Tinubu mistakenly wins the election.

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by shortIGBOman: 2:22pm On Sep 15, 2022

Major7:
You're very silly for making such utterances that would continually threaten our peaceful coexistence. Oponu

You and who wan peacefully coexist? We will soon give Biafra their independence. But we will only allow them go with their 3 and half IGBO indigenous States.

Which are Ebonyi, Imo, Abia and half of Enugu. Anambra and half of Enugu are IGALA ancestral Land and the North will soon reclaim it. grin

4 Likes 1 Share

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by UNDFTD: 2:23pm On Sep 15, 2022

Betanaija42moro:
I just wish Nigeria situation will not get to this level.

We have to keep tribalism aside and rescue this country from APC.

We can't continue this way, na the poor masses they suffer the pain pass

In one country,
Unemployment
ASUU strike
Insecurity
Terrorism
Corruption
Bad economy and inflation

Where do we start? We need to vote wisely now

I am sorry to inform you that NIGERIA can NEVER be fixed. Its foundation was faulty from the beginning and you do NOT pile up on top of a building with a faulty foundation. The ONE and ONLY options are to tear the building down and start from scratch. Nigeria is made up of people with different ideologies and belief systems that are very incompatible. Could you tell me any country that you know of that gets worse as each year goes by instead of improving? It's no secret that Nigeria of 2000 is way much better than Nigeria of 2022 and you think things would get better? I do NOT think so!

2 Likes

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by man4woman: 2:23pm On Sep 15, 2022

Nigeria bank too act same

Are you a Keyan Citizen or residents in Keyan?

Do you have approved working Bank account in Keyan

Let's us do a very legit business, you will earn over #500,000 Monthly.

Chat me on WhatsApp let's talk business.

080 seven four 20 nine 9 seven 9

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by Potbellyman(m): 2:32pm On Sep 15, 2022

2011/2012 some MFBs collapsed and I was a victim. People were taking home furniture and whatever they could lay their hands on out of frustration
Me I just Waka go back to my office grin

2 Likes

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by almarthins(m): 2:39pm On Sep 15, 2022

Parachoko:
Are you trying to say two exchange rate started under Buhari?

It bcom far worst under him. I for even talk, if them just allow us spend our money no be all this restrictions wey no improve naira. Naira is on a free fall thanks to buhari

1 Like

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by SaLongs1(m): 2:49pm On Sep 15, 2022

9japride:
Lebanon was a beautiful country until they let religious fanatics to become leaders.

Same thing is being done to Naija right now.

1 Like

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by Arkmanbuddy(m): 2:51pm On Sep 15, 2022

Betanaija42moro:
I just wish Nigeria situation will not get to this level.

We have to keep tribalism aside and rescue this country from APC.

We can't continue this way, na the poor masses they suffer the pain pass

In one country,
Unemployment
ASUU strike
Insecurity
Terrorism
Corruption
Bad economy and inflation

Where do we start? We need to vote wisely now

And Obi is the saviour?

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by Bar1941(m): 2:57pm On Sep 15, 2022

Corridon:
This is what will befall Nigeria if Tinubu mistakenly wins the election.

Isn't that the faith of your people in the bEAST already? Oloriburuku...

Tinubu will win and Nigeria will be great under him, the worst you and your likes can do will be to drink snipper.

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by NLKing01: 3:03pm On Sep 15, 2022

Please use �

Totilopussylick:
They'll not hear now

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by Proudlyomonna: 3:16pm On Sep 15, 2022

Betanaija42moro:
I just wish Nigeria situation will not get to this level.

We have to keep tribalism aside and rescue this country from APC.

We can't continue this way, na the poor masses they suffer the pain pass

In one country,
Unemployment
ASUU strike
Insecurity
Terrorism
Corruption
Bad economy and inflation

Where do we start? We need to vote wisely now

Apc must be crushed to save Nigeria.
Anyone who sits on the fence now is a big fool,I no vote for APC but I dey follow idiots wey vote for them suffer from this APC disaster.

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by 9japride(m): 3:18pm On Sep 15, 2022

SaLongs1:
Same thing is being done to Naija right now.

[color=#006600][/color]

It's gradually getting there.

1 Like

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by Major7: 3:21pm On Sep 15, 2022

shortIGBOman:
You and who wan peacefully coexist? We will soon give Biafra their independence. But we will only allow them go with their 3 and half IGBO indigenous States.

Which are Ebonyi, Imo, Abia and half of Enugu. Anambra and half of Enugu are IGALA ancestral Land and the North will soon reclaim it.

May God purge your heart, have mercy on you and save your soul. I come in peace

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by tyinfinity: 3:36pm On Sep 15, 2022

Peter obi want to introduce this daylight robbery if he becomes biafran president

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by galantjoe(m): 3:45pm On Sep 15, 2022

Corridon:
This is what will befall Nigeria if Tinubu mistakenly wins the election.

EXACTLY

BAT has bullion van as his drip

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by MrBrownJay1(m): 4:17pm On Sep 15, 2022

thebosstrevor1:
you are actually right

anyway, this is what a Lebanese wrote on reddit on how the banks got the deposit

The Ponzi scheme

back in spring, summer 2019, banks started telling people , come put your money with us , we shall give you 10% interest on usd account, or even better switch to LBP and we give u 17% rates. so people were like wtf thats so cool , why work when you can get x amount while doing nothing. This strategy not only targeted locals, but expats outsides. Millions and milions of usd were brought in and put in banks here for the juicy looking interest rates. Imagine you have 100k in usd , you put them in the bank and get 10% a year while doing nothing so 100k would get u 10k a years almost 830usd a month while sitting taking a crap on your toilet. Now imagine someone with millions... get my point?

and then on oct 17 th 2019, they implemented capital control and blocked all those millions in the banks...

2) then devaluation

[b]Hello all, pre 2019, Lebanon was a beautiful country (still is Nature wise... for now)...

We had it all, nightlife, food, entertainment, security (sort of), winter skiing, beaches, everything.

At the moment we barely have running electricity, internet. Medications are missing. Hospitals running on back up generators.

Our currency devalued from 1,500 lbp = 1usd , to currently 24,000 lbp = 1usd. Banks don't allow us to withdraw our saved usd. Everything has become extremely expensive.

The country we know as Lebanese pre 2019 is a distant memory. Mass depression is everywhere , like literally booking a therapist these days takes you 1/2months in advance to find vacancy.

The middle class has been decimated.

We have two types of USD here , "fresh" usd and local usd stuck in banks that they don't allow us to withdraw.

Example: my dad worked 40 years saving money and now they are stuck in the bank and capital control doesn't allow us to withdraw not more than 300/400$ a month and they give it to us in Lebanese pounds at a rate of 8000lbp = 1usd , where the black market rate is 24000lbp per 1 usd.(its an indirect hair cut to our savings)[/b]

i am sorry to hear that, but sadly you are not alone...the same happened in Argentina a few years ago, and they had it worst...as the bank couldnt repay the money after the devaluation, so they instead gave every bank customer "bank bonds" for the amount of money they had in the bank... these bonds were worthless unless you waited 7 yrs to cash them. so a bond for 1000pesos was only worth 200pesos at the time, but if you waited 7 yrs, they would be worth 1000pesos. sadly, because majority were broke, they needed to sell these worthless bonds in order to buy food etc. so the rich people (who saved their fortunes in foreign banks) came and said "we will give you 300/400pesos for your worthless bonds"... so they bought these bonds at 300/400 pesos then sat on these bonds and waited for 7 yrs to double/triple their investments.

2 Likes

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by Edc1: 4:40pm On Sep 15, 2022

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by Slurity(m): 4:53pm On Sep 15, 2022

Corridon:
This is what will befall Nigeria if Tinubu mistakenly wins the election.

Prophet of doom. Tinubu is the next president in Jesus name. Brace up for reality. Nigeria will prosper under him like Lagos does.

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by Corridon: 4:55pm On Sep 15, 2022

Slurity:
Prophet of doom. Tinubu is the next president in Jesus name. Brace up for reality. Nigeria will prosper under him like Lagos does.

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by ernieboy(m): 4:58pm On Sep 15, 2022

OyeofIkoTuN:
Lol....

Nigerians don't have that mind

Suffering and smiling is the motto

Nigerians will rather take it out on fellow citizens who are also in the same situation

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by Sablexxxtoons: 5:08pm On Sep 15, 2022

RighteousDemon:
Retrogressive slowpoke...

I spit on your face... Phuaaa

You are part of our main problem .. na your daddy face you dey spit on. Na soso spit ur type like. Or you didn't see my smiley indicating a joke..

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by eniwhy: 5:11pm On Sep 15, 2022

Will you come out?

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by grandstar(m): 5:16pm On Sep 15, 2022

Lebanon has a major problem: it has very weak governments, so never gets much done and most importantly, never makes hard decisions.

Lebanon has for decades been living way above its means but the government could not make the tough decision of downsizing its bloated civil service which was the primary cause its huge budget imbalance.

When the financial crisis hit, in order to mitigate the pain on its citizens - the govrrnment introduced subsidies

This was the nail in the coffin. Subsidies cost money to implement. A bankrupt government has no business introducing subsidies. It will simply increase the gaping hole in the governments finances while giving nothing back in return.

Subsidies are also very difficult to end as we have seen in Nigerian, even when under a dictatorship. With consistently weak governments in Lebanon, the subsidies may be here to stay.

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by shegra58: 5:25pm On Sep 15, 2022

Corridon:
This is what will befall Nigeria if Tinubu mistakenly wins the election.

Military will just kee you for nothing

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by Nobody: 6:19pm On Sep 15, 2022

This is the direction APC is gradually taking this country. Debt servicing cost is already more than our income. May APC never happen to Nigeria again. Amen

1 Like 1 Share

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by bewla(m): 7:19pm On Sep 15, 2022

Totilopussylick:
They'll not hear now

Because we are Bat and not Obident

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by RighteousDemon: 8:23pm On Sep 15, 2022

Sablexxxtoons:
You are part of our main problem .. na your daddy face you dey spit on. Na soso spit ur type like. Or you didn't see my smiley indicating a joke..

After modification Arabu?

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by kelspinall(m): 10:00pm On Sep 15, 2022

nsogbu ebe nile

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by Alusiizizi(m): 10:30pm On Sep 15, 2022

Acidosis:
The only economic lesson from this event is that cash is king E-naira, e-wallet, bitcoin wallet, bla bla will not displace the place of cash anytime soon.

Funny thing is Nigerians are currently facing a similar trend; the only thing is that we don't have issues with our local currency yet. But try withdrawing $200 cash from any of the banks around. Imagine having $8,000 in your account and you're being told that you can't withdraw more than $50 or $100. This is the situation in Naija.

I don't support threatening a bank staff with guns but desperate moments really call for desperate solutions.

I too noticed that it has become difficult of late to withdraw $$ from banks. This is something that I anticipated a few months ago when the Naira started it's nose-dive. As far as I can see, the only way to insulate yourself from what is about to come is cryptocurrency, USDT being the most preferable.

1 Like

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by Quintopia: 1:44am On Sep 16, 2022

LikeAking:
We yeye pass Dem. Observe as dia country clean. Wia f Naija fine like that?

The ugly truth something like this or even worse will happen in Nigeria one day.

No forget to do d need full.

Not election tins o.

MANY PLACES IN NIGERIA ARE FINER THAN THAT PICTURE OF LEBANON YOU SAW.

LEAVE YOUR VILLAGE AND SEE NIGERIA, YOU WON'T HEAR.

STUPID EMBARRASSMENT TALKING RUBBISH.

LAGOS
https://upload.wikimedia.org/wikipedia/commons/0/07/Top_view_of_commercial_areas_in_victoria_island%2CLagos.jpg

https://i.ytimg.com/vi/0vH4GsX5yfg/maxresdefault.jpg

ABUJA
https://i0.wp.com/lejournal.africa/wp-content/uploads/2019/02/rfi_15501504021131.jpg?fit=1024%2C578&ssl=1

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by Quintopia: 1:59am On Sep 16, 2022

PORT HARCOURT
https://i.pinimg.com/736x/eb/26/52/eb2652217563061d1179eb90bcb92be6.jpg

Re: Lebanese Citizens Are Robbing Their Banks To Withdraw Their Own Money (Photos) by LikeAking: 2:21am On Sep 16, 2022

Quintopia:
MANY PLACES IN NIGERIA ARE FINER THAN THAT PICTURE OF LEBANON YOU SAW.

LEAVE YOUR VILLAGE AND SEE NIGERIA, YOU WON'T HEAR.

STUPID EMBARRASSMENT TALKING RUBBISH.

LAGOS
https://upload.wikimedia.org/wikipedia/commons/0/07/Top_view_of_commercial_areas_in_victoria_island%2CLagos.jpg

https://i.ytimg.com/vi/0vH4GsX5yfg/maxresdefault.jpg

ABUJA
https://i0.wp.com/lejournal.africa/wp-content/uploads/2019/02/rfi_15501504021131.jpg?fit=1024%2C578&ssl=1

Show close up pix.

A fool is always d first to abuse.

Every wia on Earth is fine when viewed from the top. Aireal view.

Since u are stupid don't quote me again.

Labonon fine pass Naija. I don't chat with biased souls Engineered by stupidity.

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