7agaza:
Please the issue is not the commission. I once paid with my card in a petrol station. I was debited and it didn't go thru. I tried more than 3times and it didn't go thru... And for each time I tried I was been debited.... So who is to be blamed then?

And of course most of us have experienced this painful situation. Nigeria is not really ready for a full blast cashless system because of too much inefficiency and error-proneness in the system. Why should I be compelled to bear the attendant pain and inconvenience?

The other guy trying to defend the CBN and talking about mobile money is too academic and idealistic in his reasoning. The bottom line is that people must be able to access their cash at any given time because they are entitled to it. Any artificially induced liquidity squeeze is indicative of economic failure and that lends credence to the growing concerns about the havoc Buhari and his incompetent team have done and are doing to our economy.

7agaza:
Please the issue is not the commission. I once paid with my card in a petrol station. I was debited and it didn't go thru. I tried more than 3times and it didn't go thru... And for each time I tried I was been debited.... So who is to be blamed then?

Technology fails sometimes everyone knows that. You can also stay in that queue and when it gets to your turn the same thing will happen.

patchsk:



Amala with Ewedu don block your reasoning.

Afonja!

While rotten akpu, cockroach infested ugba and drinking fermented rats piss has caused your deficient brain matter to turn into mucus!

Useless anuofia!

1wolex85:


You really don't need to throw insults. It's not necessary. Are you really saying there is no other way to access money apart from physical withdrawals? When you pay at a supermarket with your atm, have you not accessed your money? When you transfer to a customer via mobile money, have you not accessed your money? Shortage of physical cash is not and cannot prevent people from having access to their money in this 21st century.

Lol u speak like someone dt doesn't reside in naija. We have not got to dt point where we pay for all goods and services via POS it's simply cash and carry. I have not seen even a filling station dt one can pay via POS. So quit ur argument it makes u look like a goat. We are in 21 century but function like we are in 19th century here. Got dt nw

tankara1010:


I like to deal with facts. The thread below, colonial whites described Igbos as "civilized" and described yorubaas as "barbaric and savages". That when they arrived Lagos coast they saw yorubaas cutting their faces with sharp objects, there was blood everywhere. It was disgusting the colonial whites said. See facts!


https://www.nairaland.com/2539196/hahaha-see-what-colonial-oyibo

_Idiot! E don pain you now you want to deal in facts? Let me tell you about some facts, Igbo girls form 98 percent of the prostitutes in most nigerian towns! Abeg come carry amaka dem back to the east! Igbo states have the largest collection of baby selling factories! Na everything una most sell? Even una babies! Tufiakwa! Igbo men constitute 90 percent of drug peddlers from naija to asia!

AlhajiSpray:


[s]
_Idiot! E don pain you now you want to deal in facts? Let me tell you about some facts, Igbo girls form 98 percent of the prostitutes in most nigerian towns! Abeg come carry amaka dem back to the east! Igbo states have the largest collection of baby selling factories! Na everything una most sell? Even una babies! Tufiakwa! Igbo men constitute 90 percent of drug peddlers from naija to asia![/s]

E-pain 'am. He is boiling inside like over heated amala. Chai!

hedonistic:


And of course most of us have experienced this painful situation. Nigeria is not really ready for a full blast cashless system because of too much inefficiency and error-proneness in the system. Why should I be compelled to bear the attendant pain and inconvenience?

The other guy trying to defend the CBN and talking about mobile money is too academic and idealistic in his reasoning. The bottom line is that people must be able to access their cash at any given time because they are entitled to it. Any artificially induced liquidity squeeze is indicative of economic failure and that lends credence to the growing concerns about the havoc Buhari and his incompetent team have done and are doing to our economy.

I am sure you were referring to me and I didn't defend the CBN infact I blamed them. What I am saying is that the topic is wrong. Cash shortage is different from deliberately denying access to funds. That isbthr crux of the matter.
To all of you saying I am too idealistic and Nigeria is not ready and all what not my answer to you is KENYA. Not America o, KENYA!!! If KENYA can do it, why can't we? Even Ivory Coast is leading Nigeria in Mobile money in West Africa and that is a shame.

We are youths for crying out loud! All we do is complain instead of seeing opportunity in this problem. All we do is go to Facebook and Nairaland and complain

Look, this mobile money thing has worked in countries with less infrastructure.

Will there be issues? Yes! just like there are with atms and banks will employ a couple of youths to resolve at the bank end if the system can't resolve automatically. I am amazed people can't see how our society will be transformed but choose to see the issues.

na wah o.. Tribal war this morning

Bros, nothing go happen even if them close down all ATM's!

Na to just come nairaland to make noise, una sabi.

Nobody wan die!

#fear fear generation

AlhajiSpray:




While rotten akpu, cockroach infested ugba and drinking fermented rats piss has caused your deficient brain matter to turn into mucus!

Useless anuofia!

Unchallenged evidence is deemed admitted. You've not denied that you're a scratch faced Afonja!!!

So happy Xmas my dear Afonjalistic scratch face.

Knowledge9000:
I was in Kaduna, you should have seen the lines at the ATM machines, and within 3hrs, the money was finished and people almost broke the machines in anger. Anarchy is brewing in this country and the government visavis banks are foolishly making things worse by.....PREVENTING PEOPLE FROM TAKING THEIR OWN MONEY....THEIR OWN MONEY NOT STIPENDS! Let me tell you something this stubborn, heartless government...you can destroy the economy as much as you want, but if you dare try to prevent people from accessing their hard earned money under the hardship you have inflicted on us in this country, that's a call for anarchy. This is not APC or PDP, people are angry. This is just common sense! There is no doubt there is order from above to banks to limit cash withdrawals for liquidity reasons, if not...WHY IS THIS HAPPENING NOW? This has never happened before. We see this only happening in countries with failed economies as was seen in Greece where the government imposed austerity measures and limited cash withdrawals to control liquidity and reserve.

****
Infact **** if u don't know how difficult it is in naija to withdraw on Fridays not to mention a holiday event like xmas.

Even b4 dis govt came to power as far back as 2010 we know how long the ATM queues are on Fridays and how we pray we get to withdraw b4 the money inside finishes.

Especially when it's after 4/5pm

So why bring this govt into it? Must every problem people experience in life be blamed on the govt? Govt??

The blame rests solely on the CBN n banks.

It's useless inciteful posts like yours that actually cause anarchy. Gibbons

ogawisdom:



Lol u speak like someone dt doesn't reside in naija. We have not got to dt point where we pay for all goods and services via POS it's simply cash and carry. I have not seen even a filling station dt one can pay via POS. So quit ur argument it makes u look like a goat. We are in 21 century but function like we are in 19th century here. Got dt nw

Did you really need to call me a goat? How old are you? If you read my posts well, as long as you have a phone even without internet. This thing works in KENYA, Ivory Coast and Ghana. We even got GSM before these countries so what are you on about?

1wolex85:


You really don't need to throw insults. It's not necessary. Are you really saying there is no other way to access money apart from physical withdrawals? When you pay at a supermarket with your atm, have you not accessed your money? When you transfer to a customer via mobile money, have you not accessed your money? Shortage of physical cash is not and cannot prevent people from having access to their money in this 21st century.

So if you wan buy pepper sef for market, na atm card you go use, I'm not telling you not to defend this government, but they try use your sense..

1wolex85:


You really don't need to throw insults. It's not necessary. Are you really saying there is no other way to access money apart from physical withdrawals? When you pay at a supermarket with your atm, have you not accessed your money? When you transfer to a customer via mobile money, have you not accessed your money? Shortage of physical cash is not and cannot prevent people from having access to their money in this 21st century.

So if I want to buy Chicken for Christmas from the roadside seller, I will do mobile transfer?


For your information though. For a week now, diamond mobile banking app hasn't been working. You can't transfer with it.

1wolex85:


Oga you need to calm down. Nobody is preventing anybody from having access to their money
Yes there is shortage of physical cash, people should use other channels, if you take your atm to a shop and pay via atm or you transfer money, it will still go. So it is wrong to say people are being denied access to their money
CBN has focused so much on the Dollar issue this year that they have not expanded on their cashless policy. That is the real issue.

I posted this on an earlier thread,
What CBN needs to do is deepen the implementation of Mobile Money. In Kenya, once I have your phone number, I can transfer money to you. This also saves a lot of money in printing cash. Another option is to take advantage of cash based businesses and use them as mobile money agents. For example, I should be able to walk into a Petrol station or supermarket, deposit money in their account through their POS and they give me the cash equivalent. It will help this businesses reduce their cash calls and bank trips.

I support your ideas,but believe me,they are supposed to inform Nigerians on time, by implementing at this time shows that there is fire on the mountain, MMM is even better.CBN and banks did it in a toutish way,and it will affect millions of lives and Nigerians

1wolex85:


Oga you need to calm down. Nobody is preventing anybody from having access to their money
Yes there is shortage of physical cash, people should use other channels, if you take your atm to a shop and pay via atm or you transfer money, it will still go. So it is wrong to say people are being denied access to their money
CBN has focused so much on the Dollar issue this year that they have not expanded on their cashless policy. That is the real issue.

I posted this on an earlier thread,
What CBN needs to do is deepen the implementation of Mobile Money. In Kenya, once I have your phone number, I can transfer money to you. This also saves a lot of money in printing cash. Another option is to take advantage of cash based businesses and use them as mobile money agents. For example, I should be able to walk into a Petrol station or supermarket, deposit money in their account through their POS and they give me the cash equivalent. It will help this businesses reduce their cash calls and bank trips.

Try get small sense. How many shops for naija dey use cards for payment?

I hope those that broke the ATM have gotten cash out of the broken ATM now.

There are alternate channels like mobile money, POS Internet banking, Short code banking for transactions. Everything mustn't be done with physical naira and kobo.

I also agree that there should be more awareness on the usage of these other channels but going to destroy an ATM because it has stopped dispensing cash is a huge NO NO.

Savages are too much in this country.

Mufasa27:

So if you wan buy pepper sef for market, na atm card you go use, I'm not telling you not to defend this government, but they try use your sense..

Oga please read again! I can still transfer money on my phone without internet! and Yes if I go to Mile 12, as long as the aboki has an account number, I can buy pepper

1wolex85:


Oga you need to calm down. Nobody is preventing anybody from having access to their money
Yes there is shortage of physical cash, people should use other channels, if you take your atm to a shop and pay via atm or you transfer money, it will still go. So it is wrong to say people are being denied access to their money
CBN has focused so much on the Dollar issue this year that they have not expanded on their cashless policy. That is the real issue.

I posted this on an earlier thread,
What CBN needs to do is deepen the implementation of Mobile Money. In Kenya, once I have your phone number, I can transfer money to you. This also saves a lot of money in printing cash. Another option is to take advantage of cash based businesses and use them as mobile money agents. For example, I should be able to walk into a Petrol station or supermarket, deposit money in their account through their POS and they give me the cash equivalent. It will help this businesses reduce their cash calls and bank trips.

open mobile money outlet in nigeria ...have you asked yourself why you find Bureau d change only in highly secured places like an airport in nigeria. If you open mobile money outlet for one street in ph, na small boy go come collect all ur money with a small pistol.

deenee:
I hope those that broke the ATM have gotten cash out of the broken ATM now.

There are alternate channels like mobile money, POS Internet banking, Short code banking for transactions. Everything mustn't be done with physical naira and kobo.

I also agree that there should be more awareness on the usage of these other channels but going to destroy an ATM because it has stopped dispensing cash is a huge NO NO.

Savages are too much in this country.

I was a lone voice in the wilderness. Thank God a person without bias who thinks has arrived.

LorDBolton:


Why. U dey mumu yourself?

Infact you're an idiot if u don't know how difficult it is in naija to withdraw on Fridays not to mention a holiday event like xmas.

Even b4 dis govt came to power as far back as 2010 we know how long the ATM queues are on Fridays and how we pray we get to withdraw b4 the money inside finishes.

Especially when it's after 4/5pm

So why bring this govt into it? Must every problem people experience in life be blamed on the govt? Govt??

The blame rests solely on the CBN n banks.

It's useless inciteful posts like yours that actually cause anarchy. Gibbon

You are clearly not OK.

Have you tried withdrawing recently? Or doing a mobile transfer?

Sometimes, I am amazed at how people think

Odunharry:
na wah o.. Tribal war this morning

Christmas morning for that matter. Where's the love?

patchsk:


I think you're talking thrash.


How many people are banked in Nigeria?
And most importantly are you ignorant of the N100 fee on mobile transfers?

I buy pepper N50 and pay N100 commission.

I didn't even want to quote the guy. I'm sure if this same thing happened in 2014, his opinion will be different.

1wolex85:


Oga you need to calm down. Nobody is preventing anybody from having access to their money
Yes there is shortage of physical cash, people should use other channels, if you take your atm to a shop and pay via atm or you transfer money, it will still go. So it is wrong to say people are being denied access to their money
CBN has focused so much on the Dollar issue this year that they have not expanded on their cashless policy. That is the real issue.

I posted this on an earlier thread,
What CBN needs to do is deepen the implementation of Mobile Money. In Kenya, once I have your phone number, I can transfer money to you. This also saves a lot of money in printing cash. Another option is to take advantage of cash based businesses and use them as mobile money agents. For example, I should be able to walk into a Petrol station or supermarket, deposit money in their account through their POS and they give me the cash equivalent. It will help this businesses reduce their cash calls and bank trips.

I wld have called u Agbaya, but I won't call u Agbaya. Shey na aboki wey dey sell fowl na im go dey use POS abi,on top d charges? Abi na iya tomatoes go use POS. Dress near me fes

1wolex85:


You really don't need to throw insults. It's not necessary. Are you really saying there is no other way to access money apart from physical withdrawals? When you pay at a supermarket with your atm, have you not accessed your money? When you transfer to a customer via mobile money, have you not accessed your money? Shortage of physical cash is not and cannot prevent people from having access to their money in this 21st century.

Go buy suya, boli, garri at oyingbo market or any public market with mobile money.

ruggedtimi:
open mobile money outlet in nigeria ...have you asked yourself why you find Bureau d change only in highly secured places like an airport in nigeria. If you open mobile money outlet for one street in ph, na small boy go come collect all ur money with a small pistol.

Don't mind him...he is writing from abroad.

loomer:


Try get small sense. How many shops for naija dey use cards for payment?

Oga, that is the failure of CBN I am talking about. They need to introduce and enforce policies that would ensure e channels are available in a lot of places and I don't understand why people don't get that I am not advocating a total withdrawal from using cash. I am saying if people have options, there won't be queues, some will use cash and some e channels. Do you understand now?

patchsk:




I buy pepper N50 and pay N100 commission.

It is very silly buy N50 pepper and pay 100N as commission(not insulting u pls). Here is what I do. I buy everything I need at a go at supermarket/stores/shoprite and pay u with transfer.

The only thing I use cash for is fuel but I am not supporting the government.

Its our money and it must be accessible anytime anyday. I imagine the kind of queue that will be at bank on wednesday when banks open

1wolex85:


Oga please read again! I can still transfer money on my phone without internet! and Yes if I go to Mile 12, as long as the aboki has an account number, I can buy pepper

How many aboki get. Bank account? Just gerarahia abeg.

Knowledge9000:


Are you okay? I know you are an afonja. Didn't you see your fathers and mothers sitting on the ground INSIDE Ekiti bank to withdraw their money? What other ways to access your money if not through physical withdrawals and ATM? I don't know what is wrong with how you guys reason.

I don't understand what your saying ooo. He said there is low physical cash in circulation. You still have access to your money via TF. Chai common is sense ooo