Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,163,450 members, 7,853,966 topics. Date: Saturday, 08 June 2024 at 08:37 AM |
Nairaland Forum / Nairaland / General / Business / Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy (40266 Views)
How Banks Now Defraud People Via ATM Withdrawal / Top 5 Millionaires Who Made Their Money Online And How They Did It / Top 10 Things Nigerians Spend Their Money On (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (12) (Reply) (Go Down)
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by Kimikazi2: 10:28am On Dec 25, 2016 |
1wolex85:Civilized response. 3 Likes 1 Share |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by 1wolex85: 10:28am On Dec 25, 2016 |
proffemi: I am not digging myself into anywhere. You are the one that has failed to see the opportunity but would rather see all the challenges. Again, I have not asked for total elimination of cash, I am saying there are people on those queues who should be encouraged to use other channels 1 Like |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by Olanna45(f): 10:29am On Dec 25, 2016 |
1wolex85:I understand where you are coming from. But seriously how many market women will want you to pay into there accounts? Majority of them feed there family daily from the proceeds of there petty business. She sales pepper to you, take the profit and buy garri for her family, use the capital and buy pepper again. Then the 100# they charge for every transaction is not encouraging. Even the kenya and ghana you are citing as an example still have a percentage of their population that is not used to mobile banking. Its better to be realistic. 2 Likes |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by oluamid(m): 10:29am On Dec 25, 2016 |
tankara1010: I don't usually interfere with this tribal war you guys always get going in any topic on this forum but to actually post the above is the height of inferiority complex and speaks more about the quality of human you are than the person you are referring to. So in your own mind, "colonial whites" are the one to judge whether a people is barbaric or not and anything they say suddenly becomes fact. The same colonialists who took millions of our kins as slaves? The same colonialists who are known to be overt racists and see anyone not Caucasian, which includes you, as below them? The worst kind of racism is the one against self which is what you have just displayed here. 2 Likes |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by BraniacX(m): 10:31am On Dec 25, 2016 |
1wolex85: True but majority of most peoples daily transactions fall within this catchment zone, so should majority of the people want for simple things just because they can't access their money to pay for it? Like i said earlier, the banks and the government knew enough to know what is expected this period! You can't begin to fathom the hardships millions of Nigerians are going to have to go through for simple want of their own money! Somebody wanted to pay money into my account yesterday and i asked him pay into or transfer? He said he had the cash, I drove one hour either way and back to collect it and thanks to that, i am liquid for the next few days! That is your real Nigeria 3 Likes |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by Nobody: 10:32am On Dec 25, 2016 |
1wolex85:Your submissions here are spot-on. 1 Like |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by unmask: 10:32am On Dec 25, 2016 |
Knowledge9000:you are the one with problem of reasoning.....some o e explained to you and you are still ranting.....smh.....to think he even turned it tribal 1 Like |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by proffemi: 10:35am On Dec 25, 2016 |
1wolex85: Iwolex85, you sound like a nice guy. I think you should take a deep breath, calmly read through this thread again, and reflect. I like that you haven't taken the bait when insults are hurled at you, but I can see what most of those guys are saying. Not everyone arguing with you is ignorant of the issues. I can in fact propose an explanation for what we're witnessing (someone thinks festivities = more cash in circulation = armed robbers) but there are levels of reasoning, and some trump others. You're relying too much on hypotheticals while not being cognizant enough of what actually obtains right now. With that, I wish you a Merry Xmas, and goodbye. 1 Like |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by Nobody: 10:35am On Dec 25, 2016 |
oluamid: Afonja and warped reasoning when it doesn't suit them. |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by 1wolex85: 10:35am On Dec 25, 2016 |
osazeej: If I say I am not tired, I lie. I fear for my country. Only few people on this thread have disagreed and given civil responses. Yet we want a young person to be President. I am scared honestly. I have not said for once that there are no risks or exceptions to what I am suggesting concerning mobile money but those risks are what will create jobs for people. Neither have I suggested total elimination of cash but emotions are just preventing people from seeing what I am seeing. I get that they are angry and some have the right to be but if we continue like this, we will be here next year discussing the same thing 2 Likes |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by patientzero: 10:36am On Dec 25, 2016 |
Chuksemi: I'm amazed at your own thought process I couldn't withdraw at stanbic ibtc (twice in one week) Mainly Due to their atm issues But withdrawals at sterling and zenith atm's were seamless. Since you're too short-sighted to read btw the lines... blame your bank! Even during the jonathanian era I was stranded a lot while serving cos the bank atm's had issues , Being someone who rarely carries cash I don't intend spending within an hour or 2 I had to learn to keep a fat wallet. only an illiterate blames FG for his inability to make withdrawals during the xmas rush. 1 Like |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by Nobody: 10:36am On Dec 25, 2016 |
1wolex85: op please what are you defending . HOw many shops in our local markets operate POS machines. we are in a festive season and people need to buy food items from vendors who don't operate the Pos. how many nigerians can walk into a filling station and ask for cash with their ATM cards . |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by 1wolex85: 10:37am On Dec 25, 2016 |
proffemi: Sir, this thing can work if we want to make it work. IT is the will we need. Ok let me ask, what do you suggest we do as a country so that we do not find ourselves on this kind of thread next year? Print more cash? 1 Like |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by Damfostopper(m): 10:40am On Dec 25, 2016 |
all of them afonja.... and flatheaded are just making noise behind d keyboard for nothing... dem freeze MMM Wetin una do... banks too can decide to do it..... ye guys can't do anything
|
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by BraniacX(m): 10:40am On Dec 25, 2016 |
ozo13: Paga outlets at Dstv/Gotv shops, unfortunately, you can't withdraw through them, withdrawing is the problem here! |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by 1wolex85: 10:41am On Dec 25, 2016 |
BraniacX: Ok, but can you suggest another way so we do not find ourselves on this kind of thread next year or should we just accept this is how naija is? 1 Like |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by matrixme(m): 10:41am On Dec 25, 2016 |
Seun has to really do something to curb tribalism on Nairaland in 2017. A thread about short money in circulation and the front-page is awash with a lot of unrestrained insults. This is getting out of hands. 4 Likes 1 Share |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by patientzero: 10:42am On Dec 25, 2016 |
tankara1010: Lols isn't that the link you pasted? I've gone through it And now you're embarrassed at your folly. Descendant of a slave... interesting discovery about igbos sha You google it and paste the links i'll happily click em 1 Like |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by andyanders: 10:42am On Dec 25, 2016 |
redsceptic: Well said my brother. One problem with Nigerians is that we are copycats. We like to copy what other societies that are 1 million miles away from us are doing. How can one talk of the use of POS in rural areas and even in 90% of our urban areas by this time. The current Apex Bank managers are not economists hence their poor judgement. I weep for this country as the government only employ their own party members into strategic position of governance even when they are not qualified to be in that position. You can have a biologist as a minister of Sports or economic adviser to the government. |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by bentlywills(m): 10:42am On Dec 25, 2016 |
1wolex85: So I have to use mobile money to buy 30naira pepper, ? Hw much will b the bank commission Oga with all due respect if u don't have anything good to say to read and move on! 1 Like |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by 1wolex85: 10:42am On Dec 25, 2016 |
Olanna45: We need to make this happen. How else can we stop all these mad rush during Xmas? 1 Like |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by segunk1(m): 10:43am On Dec 25, 2016 |
1wolex85: Shey you ll goan buy food stuff in market with ATM too, abi its everyone selling in balogun market that has POS? And shey you will do online transaction to pay conductor when you enter public bus too? Reason am well bros cos you dey talk like say you no be nigerian ooo. |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by 1wolex85: 10:44am On Dec 25, 2016 |
andyanders: But most of these queues are happening in urban areas where the CBN can implement mobile money solutions 1 Like |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by tommynico(m): 10:45am On Dec 25, 2016 |
1wolex85:You dey mad abi na wetin be the meaning of this nonsence? So for u to buy tomatoes or pepper nw, u would require the saleswo/man to give u his/her acc. num for u to make a financial transaction? You must be so high on cess water. |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by lereinter(m): 10:45am On Dec 25, 2016 |
Knowledge9000: the brain of a biafrog will always be upside down 1 Like |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by Preator: 10:45am On Dec 25, 2016 |
I had the same challenge withdrawing at the ATM too. I had earlier withdrawn substantial cash late in November to avoid the usual December rush(it happens yearly, just that this one seems worse). I went shopping yesterday and saw that prices had risen steeply. my bill amounted to 45k, I had just 41k+ with me(even pampers had gone up by 32%) as I had planned to spend just 38k. I tried bargaining to 41k but no luck. I had to confess to the woman that I have no other cash with me and the ATMs were jacked up(most of the stuffs were for my son so I didn't wanna leave them). to my surprise she said I can do a transfer to her. I broke out in a smile, opened my diamond mobile and did the transfer. I went home with my goods as well as my physical cash( I hope it will be enough till next year). bottom line is that we need to develop our mobile money to the level where only few transactions will require cash( pay taxis, buying pepper, mamaput etc). it will go a long way in relieving our economy and the banking sector that is near collapse from inconsistent government policies and TSA. 2 Likes |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by Nobody: 10:46am On Dec 25, 2016 |
patientzero: Dummy...read! https://en.wikipedia.org/wiki/Igbo_Landing |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by Nobody: 10:47am On Dec 25, 2016 |
1wolex85:that individual sounds really ignorant, you can't blame his ignorance besides most nigerians are illiterates they may not be aware of what you are trying to elaborate. and nigerian banking system i guess is not as advanced as you appear to believe. Hence why most people wants physical cash, i mean if you want to buy things like meat, chicken, food, yam, noodle, crafish, tomatoes, gala and ETC or you wants to pay for okada or keke you are definitely going to need cash for these things, you can not pay for certain services or product with cards. so please do not be too condescending to them for demanding to withdraw their money. it is their had earned money afterall, they can choose how to spend it, they have the full right to |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by BraniacX(m): 10:48am On Dec 25, 2016 |
mfm04622: You already admitted your bias as a bank worker! Demand for cash has always been high at this period and a pro-active banking industry would have worked to forestall this bad scenario, did they? No! The CBN has not been receiving cash deposits from banks and that's why they can't provide banks with cash to pay their customers creating the shortage you already admitted to but since the industry is still solvent, the question is, where is all the cash then? A honest answer will lead you to the corridors of power in the country hence the reason we blame them! |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by patchsk(f): 10:49am On Dec 25, 2016 |
AlhajiSpray:Dimwit. I just called you a bastttard and you couldn't fathom that. Your mother doesn't know your real father |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by proffemi: 10:49am On Dec 25, 2016 |
1wolex85: Print more cash? Don't condescend. Lets walk through this together. To encourage the cashless policy, there's a daily limit that is now effectively N120k (20k,6 withdrawals) , no? This means that any Nigerian now cannot access more than N120k-N150k cash in hand every day, but conversely, can reasonably expect to have a RIGHT to get that amount from the ATM. Do you agree so far? |
Re: Preventing People From Accessing Their Money Via ATM Is An Invitation To Anarchy by BraniacX(m): 10:50am On Dec 25, 2016 |
kutitosin: Shhhhhh Must you expose us? |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (12) (Reply)
What Kind Of Bank Charge Is This? / Price Of A Young Calf? And More Info About Cattle Farming In Nigeria please / #ENDSARS: Access Bank Sued By Gatefield For Freezing Account
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 101 |