₦airaland Forum

With the advent of BVN policy CBN has ignorantly failed to consider some factors which can negatively influence the project and might create a banking tsunami in our country Nigeria. Here are some of their mistakes;

1) demand deposit; a demand deposit is a contractual agreement between the bank and customer and it is stipulated that a customer, on demand, must be given his/her deposit. This function stimulates customers to deposit their hard earned money for the purpose of safe keeping. There had been no certain BVN in the agreement signed by the customer. It simply means that the bank functions as a safe for customers. There are channels which the customer can retieve his/her demanded deposit (cost of transaction might be paid for e.g acquiring ATMs, cheque books, etc), it is the primary function of bank to release the demand deposit or else, the bank would violate its duty to its customers.

2) BVN project does not transcend odds; am beginning to believe its in Nigerian's nature to queue or rather, make people to queue thereby creating uncomfortable life for its citizens. I as a person, have applied for USA visa via online years ago, most recently, I have successfully applied for european visas online too. Its not easy though, but it was made available online and quite efficient too. Why can't CBN follow suit? To register for your MTN, etisalat , etc line, all you have to do is walk down to any outlet (or just a regular stop), you can get your biometrics done and efficiently too. One wonders, why you have to travel all the way from ghana,so as to get your bvn, or the need to carry a person suffering from stroke,to the bank. The process does not transcend odds for customers who are helpless in going to banks for their BVN, it only considers the customers opportune to go to their banks. This idea is a tear in the parachute! This brings us to our next point

3) Failure in social responsibility; CBN and commercial banks have chosen the cheapest option of initiating the BVN project. The process which could have influenced positively; their social responsibility, would have been to dole out laptops and recruit jobless youths to help customers to acquire their BVN, but that is not supposed to be, they rather add more stress and pressure to the poor customer service workers, who already have more than they can chew, at a ridiculous salary also!

4)Negative reaction from public due to inadequate information; I was in the bank last week when the woman in my front told me she wanted to withdraw all the money in her account due to this BVN ish, she said that she rather takes her money. Home and be sure of its safety, I felt weak. Imagine lots of customers also in the same perspective? Whatever happens to adequate information telling customers that their deposit is still safe and will be given back when demanded (only for those using ATM and online services). Many banks will lose deposits because of these. This brings us to our final point

5) Insecurity; with the advent of rampant bank robberies, customers on queue for their BVN increases the risk of being involved in a bank robbery, the bank as well stands a security risk due to the increased number of customers in and outside of the banking hall.



Shall I continue?

Ok, I rest my case here.

CC: tallesty1. (Aka, I got my BVN long ago and I don't know why other nigerians did not)

Mizmycolli

Ishilove

Lalasticlala

Tomfrench I see you! prince of guara guara !

Barcanista

Obiagelli

Ngeneukwenu

Seun fp please

The belief in a supernatural source of evil is not necessary; men alone are quite capable of every wickedness. (Joseph conrad).

simeonii:
He however did not say what the President’s exact directive is.

Now I don't get this, who is giving all this directives?

guy thunder fire ur left yansh

Na still you come claim FTC again!

Bur really buhari (of all people) should be aware of military coup, never bring all these military too close (make him go ask obj o)

Amala na the highest way of life!

Agree with wetin? Na ojoro be that one na!

Na 2 give her my own rules sharparly...

No marriage until sex!!!

lurther:
Lol! So jonathan made aregebsola start an airport in Osun that is now making the state owe billions of debt.

So jonathan made aregebsola to build the tallest talking drum with billions of naira?

So! Jonathan told aregebsola to use the state money for opon Imo tablet for students resulting to billions of naira debt.

So! Jonathan told aregebsola to use money meant for the state to feed school children that their parents can feed?

O'yes! Jonathan is even responsible for barren women in the state!

guy get brain nah!

Many governors banked on the promised allocation of ECA by 'badluck' only for the 'Jonathan' administration to make a u-turn, delve into the account towards campaign and election and the supposed state allocation became 'kolanut' for leaders (ask gani adams), truly all these unpaid salary problems was generated by the Jonathan admin.

barcanista:
I wish I was there. I'd have dealt mercillessly with the soldier.

barcanista my bro!

You be political analyst o! No be soldier o!

Nice! All the governors want na their ECA allocation! Aregbe na the leader of the salivating crew...

INTROVERT:
If you aren't pregnant yet jus leave the edeiot



]

Its quite easy to deduce you are not married and too naïve to realities of marriage! Calling someone's hubby an eediot when you have no idea how urs is gonnabe. I doff my hat for your insensitivity.

Most marriages have their problems and can be solved through patience and inviting God into the home. Don't worry your head you wouldn't understand, only mature ladies would.

Now run along now young girl...

nathdim:
I use 7gb under 1 hour at the rate of 200 Etisalat pay u

guy I see you, I shoot you...

Because of this your mumu post I painstakingly went through every post on this thread, still you no gree reply or talk how you take dey get 7gig for etisalat, in short,


Gerraway you!

Very silly man!

Hope his wife misplaces the key

ahckmedkosy:
When I say some pple are just camouflaging they won't hear. Too much pretence n denial. The President's wife is called the first lady. It is not an office ooo.
Well if then she says she ain't d first lady, let's see if it's Buhari or Tinubu that will attend the African first ladies summit.

Hypocrites

she never said she was not the first lady, she only said she would like to be addressed as 'wife of president', that shouldn't give anybody headache should it?

CR77:
my tourist presido


This Albino fit no nor when she go sign person deportation later for sun

we suppose marry o...



You just spoke my mind!

WWF has turned to match fixing and all, quite boring now actually. Were you opportune to watch this match? Undertaker Vs Mankind

sexaddict08:
u are a fool, if u don't know. fat n big for nothing.
don't make me send u home. OK!!

Oya no ves my brother...

Bur u need to make adjustment for your first comment, as I read am the way headache jus take cash me ehn?

If u dey uk I fit huk u up with sumtin sha (if that is what ur initial post is about), holla timawoku@yahoo.com here too open

sexaddict08:
ur father left yansh....idi.ot

Na ur english teacher I blame...

sexaddict08:
. I have reached elastic limit. not working for d
past 3mnths, now I'm dead broke. they still
own me though. 2mnths b4 they close, how
do I get it plssss?
they close down but their properties still there.
help ooo

Another victim of the dreaded ogogoro...

A circus elephant in Germany has escaped his tent and killed a man who was on an early morning walk.

The 65-year-old victim was collecting bottles and cans in the town of Buchen at around 5.30am local time on Saturday, when the 34-year-old African elephant apparently charged at him.

When he did not return from his walk at his usual time, the man's wife went looking for him.

Near the circus tents she noticed several police cars, and when she got closer saw the body of her husband.

It remains unclear how the animal escaped his confines and what provoked him.

"The elephant cannot let himself out. So the question is: Did someone let him out or was the cage not properly locked?" a police spokesman said.

A nearby resident had observed the incident and called police.

A circus employee was later able to calm the elephant and return him to the tent.

Source: http://i.stuff.co.nz/world/europe/69370078/circus-elephant-kills-man-in-germany

Make dem knack plank on him head he go sabi say death no forget am

kitikpa:
Op, this is just like comparing scorpion and centipede

Which is the scorpion and which is the centipede?

zaralady:
U ll use condom to f**k ur wife??

Yeah, if she is cheating on me and I know it, then no more flesh for her, rubber comes in between and I go out and get flesh from a trusted partner, marriage would of course, be heading for the rocks!!!

lomodele:
Snake pepper soup no be me and u

abeg nau

Your post make sense dat na y!



Snake dey sweet gaan o.

Or we can simply put;

For a cheating wife, you get to appreciate those that commit suicide...


For a nagging wife; you get to envy those that are courageous enough to commit suicide...


But ultimately both results to death!

overdrive:
nagging wife is better i can always hang out with my guys till 11pm when she must have slept. travel every weekend as well.

badt guy

younghartz:
Nigga HIV

*In Biggie's voice*

What do you think all the condom brands are for?

younghartz:
Nagging wife will make your love for her reduce and she'd gv u sleepless night then you will develp high blood pressure then you'd die

Cheating wife will take you to early grave

o'l boy nagging sef get coma!

High blood pressure, lack of sleep, hypeR tension , loss of wanting to live life sef, imprisonment and eventually;death

Cheating wife. You might just 'enter the game' (I.e 2 can play the game) and you might end up living 2geda separately (if u know what I mean) and still live long sef

Cc: lalasticlala , ishilove , seun

Which doyou think would send a man faster to his grave? Give your opinion...

Una never see anything...

Una no sabi anything at all!

Make I continue dey barb this my man hair, will come back to comment more when am done.

yorke1:
"I for don marry na ogogogro cause am ooo" you remeba that song

you don dey mad abi?


Remember that song too?

cuteboy2:
SHOTS FIRED! SHOTS FIRED!! SHOTS FIRED!!!

Buhari fired the first salvo today in his determination to break free from Tinubu's shackles. This first real punch is the rank humiliation Buhari handed Tinubu today, when he left him and his motely crowd of APC loyalists at International Conference Centre, Abuja holding an empty barrel.
Former VP Atiku is his main man in this enterprise. Fashola is one of the key backroom brains. Amaechi is the Capone.

Watch this space, Buhari will not stomach all these turenchi about party supremacy. Eventually, Buhari will hijack the party machinery and push Tinubu aside. Already, Atiku is his right hand man on key diplomatic shuttles such as lobbying for election of Akinwumi Adesina as AfDB President, etc

Buhari has pointedly ignored his VP, Pastor Yemi Osibanjo during the build-up to the swearing in on 29th May. Osibanjo was either following Fashola or Ambode around to silly inconsequential Lagos State functions in Lagos, while Buhari was holding court in Abuja.

Saraki understands the message, and pointedly ignored the so-called Reconciliation Committee chaired by Osibanjo, set up by Tinubu to rally support for Rep Gbajabiamilla (the ex-felon) and Sen Lawan, saying "a mere Commissioner cannot summon" him. What!!! I thought, Osibanjo was supposed to be the VP?

U get sense pass that barcanista boy!

Bantino:
This is gonna be interesting ...

No wonder GEJ said 'America will know'

Guy you dey mad o!