Seun's Posts

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Romance › Re: Why Do Bachelors Avoids Financially Comfortable Spinsters.? by Seun(mod): 4:08pm On Jun 13, 2011

Send me her number. ;-)

Business › Re: 11 Communities Sue Cbn Over Daily Withdrawal Limit by Seun(mod): 3:54pm On Jun 13, 2011

Ujujoan:
Honestly, this 150k max withdrawal/deposit is pretty dumb!

There are ways of reducing cash usage without resorting to such an insensitive sanction. Common sense dictates that if your want to stop people from doing something, make it uncomfortable for them to do it!

When they were pumping 500 and 1,000 Naira notes into the system they didn't think what it would do to cash usage.

IF they want to discourage people from using cash, they should simply reduce the amount of any note higher that N50 from circulation.

By the time you go to the bank to withdraw 100k and get a ghana-must-go of cash, no be person go tell you make you find alternative!

But then as Nigerians, we love to complicate things!

I agree with you on the policy, but I think you got the solution backwards. Sanusi/CBN are not trying to push Nigerians towards a cashless economy; that's just a random justification added after the fact. They are trying to reduce the cost of managing cash, i.e. the cost of replacing worn out naira notes. The CBN constantly has to replace naira notes when they get worn out, and it costs a lot.

To achieve that, they can push towards higher denomination notes. For example, if N10,000 notes are available, and I want to withdraw 150k, that will be just 15 notes. In 200 naira notes, that will be 750 notes. The cost of replacing those 750 N200 notes when they get worn out is 50 times the cost of replacing 15 N10000 notes, so it's going to be cheaper to make higher denomination notes available for large transactions.

Instead of doing that, the CBN would rather impose hardship on traders because they refuse to understand that the inconvenience this will cause to traders all over the country (and their customers, i.e. all of us) is a cost too. It's not a financial cost, but it's a huge economic cost. They need to understand that financial costs are not the only costs to be considered. You cannot create value by stifling markets.

Politics › Re: Which Of This Two Leaders Led Us To The Present Conundrum? by Seun(mod): 3:18pm On Jun 13, 2011

Let's stop blaming other people for our problems. Let's turn inwards and look for solutions.

Business › Re: 11 Communities Sue Cbn Over Daily Withdrawal Limit by Seun(mod): 3:12pm On Jun 13, 2011

opalu:
If Kidnappers snatch someone's mum, and demand N5M cash, how will he/she pay (if s/he has)?
That will be about 34 days of consistent withdrawal of N150k daily.

Dude, try to be logical. Why should kidnappers care if you take 10% of money they didn't really work for? They'll just pass the cost to the victim, of course. The rule has little or no effect on criminals but it has a big effect on traders who worked for their cash and have to make a profit on it to survive. If you take 10% of my daily turnover as a trader, then how can I possibly make profit after paying my bills? It's a silly policy.

Business › Re: Africa Is Mumu Inc: Us Universities(Harvard et al) buying up African lands by Seun(mod): 3:04pm On Jun 13, 2011

This is just an alarmist piece of garbage, but it suggests that investing in farmlands could be lucrative.

Programming › Re: Performance Of Our Moderator by Seun(mod): 2:32am On Jun 13, 2011

Luka316:
iam givin him 99.9% if it is in percentage and 1001 if it is for chances, i was not interested i programming, Faymora guide by the hand, instructing me, on how to go about even in his tight schedule, i send him emails he reply, and u askin if he should

SEUN, PLS HE IS GOING NO WHERE IF WE ARE USING PERFORMANE

The guidance provided should be on the forum, otherwise it's a personal favor and not really a mod thing.

Career › Re: Number Theory Forums, Mathematicians Only. by Seun(mod): 3:05pm On Jun 12, 2011

Is it for discussing number theory alone, or a thread for mathematicians to discuss all aspects of maths?

Romance › Re: Now Who Should Sacrifice Here And What Is Sacrifice Anyway by Seun(mod): 3:00pm On Jun 12, 2011

Why can't he just follow her? Problem solved. Chikena.

Nairaland General › Re: I Want A Slight Change To My Username Pweeease by Seun(mod): 2:58pm On Jun 12, 2011

Aww. So sweet. Thanks!

Romance › Re: Now Who Should Sacrifice Here And What Is Sacrifice Anyway by Seun(mod): 12:53pm On Jun 12, 2011

Reference:
Inability to communicate. Lack of planning and consideration. Career first. All symptomatic of a failed humanity. That's the beginning pf the end of that marriage.

The man can just move with her to save the marriage. It's no big deal. There may be better jobs there.

Education › Re: The Scandal Of Private Education In Nigeria by Seun(mod): 7:28pm On Jun 11, 2011

It's a stupid article. Private education is not the problem; the problem is the corruption in WAEC.

Family › Re: Sos, Urgent;i Am Dying- What Do I Do by Seun(mod): 7:18pm On Jun 11, 2011

Already posted here: https://www.nairaland.com/nigeria/topic-687689.0.html

Sports › Re: Argentina Fa Angry At Argentina Team by Seun(mod): 6:12pm On Jun 11, 2011

No source?

Romance › Re: SOS, Urgent; I Am Dying - What Do I Do? by Seun(mod): 4:58am On Jun 11, 2011

I think it's ridiculous that she's asking you for forgiveness over what she did before you ever met. Grow up. If you're scared about her womb, just go and see a doctor for tests. Based on how you reacted, you can be sure that she won't make the mistake of telling the truth ever again.

Sports › Re: Is 1,000 Euros Enough As Monthly Salary For Sunday Oliseh? by Seun(mod): 2:19am On Jun 11, 2011

Can't he live off the investments he's made with his earnings and do this as a service to Nigeria?

Politics › Bill And Hillary Clinton On Why They Admire GEJ by Seun(mod): 11:18pm On Jun 10, 2011

Bill and Hillary Clinton both admire Nigeria's President Goodluck Jonathan — but for different reasons.

At a U.N. AIDS meeting Thursday, the former U.S. president shared the stage with the Nigerian leader, who was dressed in the traditional caftan and black bowler hat of his Niger Delta home.

Clinton congratulated Jonathan on his recent election.

"We wish you well," Clinton said. "I can tell you the secretary of state tells me your hats are always cool."

The ministers, diplomats, AIDS activists and VIPs at the meeting burst into laughter and then applauded loudly.

"And I envy your name," Clinton went on to more laughter. "If I'd had a name like Goodluck I might still be in office."

http://www.google.com/hostednews/canadianpress/article/ALeqM5hVJrqix2AWRpjKtUp5VEXkOdJlmw?docId=7108335

Health › Re: I Drink Everyday, Any Harm Doing That? by Seun(mod): 11:07pm On Jun 10, 2011

What kind of drink and how many bottles per day? What happens when you don't take it?

Programming › Performance Of Our Moderator by Seun(mod): 10:32pm On Jun 10, 2011

How would you rate the performance of Fayimora since he started moderating this section?
Kodewrita is also interested, but he's busy and we've not been able to coordinate a chat.

Education › Re: Can Any Good Thing Come Out Of A Public Secondary School by Seun(mod): 8:59pm On Jun 10, 2011

You're right, man. Kudos to you. Some public schools are really good and known for excellence, though usually that's usually because they are well supported by their alumni financially.

NYSC › Re: Petition To Withdraw Youth Corpers From Violent Northern Nigerian States. by Seun(mod): 8:49pm On Jun 10, 2011

I see no reason why they shouldn't be withdrawn from towns and states where kidnappers are on rampage. If any harm comes to the corpers and they are not released, corpers should be withdrawn from the state for a year or two. No hard feelings. The same rule should apply to any state.

NYSC › Re: Petition To Withdraw Youth Corpers From Violent Northern Nigerian States. by Seun(mod): 5:40pm On Jun 10, 2011

Topic unstickied because no one is listening to us. It's such a pity.

Properties › Re: How Much Is Your House Rent? by Seun(mod): 9:04am On Jun 10, 2011

Interesting thread. Any takers?

Properties › Re: Is It Possible For Anyone To Claim Your Properties? by Seun(mod): 9:02am On Jun 10, 2011

What do you mean? What about the C of O document?

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