Do Banks Sell These Mint Notes To POS Merchants? - Business - Nairaland
Nairaland Forum › Nairaland General › Business › Do Banks Sell These Mint Notes To POS Merchants? (14409 Views)
| Do Banks Sell These Mint Notes To POS Merchants? by obembet(op): 4:54pm On Feb 18 |
I’ve noticed that almost all the POS merchants in my area always have mint ₦200, ₦500, and even ₦100 notes. Yet, I’ve tried several times to get mint notes myself, especially for important occasions, but they’re nowhere to be found. Now, POS merchants are charging as much as 35% of your money just to give you mint notes. Imagine paying ₦20,000 just to get ₦50,000 in mint ₦200 notes. Why is this currency so easily available to POS merchants but so difficult for ordinary Nigerians to access? Source: obembe Tosin
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| Re: Do Banks Sell These Mint Notes To POS Merchants? by floss(m): 4:58pm On Feb 18 |
Yes but it’s unofficial… if you have a banker that’s working in the bulk room frequently, he/she can be paying you with mint depending if the branch manager has no interest in it … |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by obembet(op): 5:07pm On Feb 18 |
floss:I think Na yahoo boys wey dey buy mints for club cause everything Nlfpmod |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by Toolegit123(m): 5:10pm On Feb 18 |
POS merchants are also ordinary Nigerians just like you too . Just that,na connection separate una two . And one of the major difference between both of you is that POS merchants ready to press money for banker hand but you'd rather want to stand in the queue to wait for it to get to your turn ![]() Press money and watch how mint notes wash your palms . Sorry, but this is Nigeria for you. A country where almost every single sector strives on corruption ![]() |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by obembet(op): 5:13pm On Feb 18 |
Toolegit123:How can Nigeria get better when almost everyone is corrupt. |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by Toolegit123(m): 5:14pm On Feb 18 |
obembet:. That's my point. Almost everyone in this country wants an opportunity so that he/she can exploit others. |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by writetopoker: 6:45pm On Feb 18 |
The period you see these mints, go to atm machine you will surely get it, especially Fidelity Bank |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by meobizy(m): 8:27pm On Feb 18 |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by dominique(mod): 3:57am On Feb 19 |
They definitely do, they also sell to those that exchange mint notes at weddings or where do those people get those notes from? |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by obembet(op): 5:55am On Feb 19 |
dominique:Exactly my boss, for you to get just 20k mint of #200 note na war. Meanwhile, u wil see one old woman carry lik 5 bondles for hand selling for parties.. Nlfpmod Seun mynd44 Lalasticlala |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by Tochex101(m): 6:05am On Feb 19 |
obembet:... but its not a secret nah, everybody knows they get it from bankers for a cut. Those who work in banks and have access sell it for a percentage to retailers or middle men. |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by obembet(op): 8:52pm On Feb 21*. Modified: 2:03pm On Feb 23 |
How can Nigeria get better when almos everyone is not clean in Thier businesses |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by NaijaCover(m): 12:44pm On Feb 23 |
How much MENT, do you need? If you want 1million naira MENT in 1,000naira Denomination, INDICATE over here. New Currency Is Everywhere, My Dear, Obembet |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by bigdammyj: 1:10pm On Feb 23 |
Noted. That's been the deal long time. |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by yemmight(m): 1:12pm On Feb 23 |
This is normal business in Lagos here. Some of the Lounges in Lekki experiecing whrere POS operators sell new note to some customers at high rates. |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by dfrost: 1:13pm On Feb 23 |
obembet:Sister obembet, which special occasions, edakun? To spray abi? What's the economic importance of the mint notes? |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by benardtotti(m): 1:17pm On Feb 23 |
obembet:Just date a banker, shikena! problem solved. ![]() |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by grandstar(m): 1:20pm On Feb 23 |
obembet:Those with access to new notes are those that sell to those at parties. I doubt i have ever been given new notes by a POS operators |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by Treasure17(m): 1:20pm On Feb 23 |
Yes cause bank won't dispense mint on a regular day. The charges is outrageous though. Max interest on 20k mint of 200 naira denomination is 4k or 5k directly from bank though. |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by ceejay80s(m): 1:21pm On Feb 23 |
obembet:I don't believe the 20k to collect 50k |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by atobs4real(m): 1:23pm On Feb 23 |
Sometimes yes and mostly No |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by UkoAnnang(m): 1:23pm On Feb 23 |
![]() Yes Bank managers and Bank staffs sell it on daily basis |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by iLoveYouToo(m): 1:26pm On Feb 23 |
obembet:Why do you need mint notes for ‘important’ events? Are you aware tv at it’s a crime to spray the Naira? |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by Petrzoom: 1:26pm On Feb 23 |
obembet:Who are the people paying 20k to collect 50k. |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by NomorePMO: 1:28pm On Feb 23 |
Lol. Watin dey make person dey find mint notes like O+ positive. We as Nigerians, we put unnecessary value on some stuff, thereby making it increase with false values. Is there a specific chair given to people with mint notes ![]() |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by Spreadlove8888(m): 1:34pm On Feb 23 |
obembet:It can change only when leaders ruse up to their responsibilities. If sheep's are lead astray by wolfs and other bad elements, do you blame the sheep or the shepherds? |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by Spreadlove8888(m): 1:35pm On Feb 23 |
obembet:It can change only when leaders rise up to their responsibilities. If sheep's are lead astray by wolfs and other bad elements, do you blame the sheep or the shepherds? |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by TechBaron: 1:40pm On Feb 23 |
Everyday, you must hear one strange news from Nigeria. |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by Rebelutionary: 1:40pm On Feb 23 |
NomorePMO:There's so much nónsênse that we have elevated as culture. Which one be mint notes. Nigerians in all spheres are the problem of Nigerians..from you requesting Notes, the bank manager, vault guys, post operators etc |
| Re: Do Banks Sell These Mint Notes To POS Merchants? by SaintLucia: 1:43pm On Feb 23 |
obembet:if you have account with Jaiz Bank,all you need to do is fill the withdrawal slip and tell them you want mint, they will give you. Islamic Banks don't sell local currency be it mint or not because it's Haram. |
Everytime Nigerians Withdraw N5,000, PoS Merchants Make At Least N2.654bn • Naira Closes 1,309/$ As Banks Sell $2.5bn • Naira Weakens At Official Market, Banks Sell $584m • 2 • 3 • 4
Somebody Help! I Am Not Reaping The Benefits Of My Tipper • FAIRMONEY: What Do I Do? • What Small Buisness Can I Start With N500,000?
. Just that,na connection separate una two 
. Sorry, but this is Nigeria for you. A country where almost every single sector strives on corruption 
