₦airaland Forum

What Police cannot do... Bees do!

We need such policing in Nigeria.

That's his blood... The jaw says it all.

I admire people with powerful gene.
If they fine, na added advantage!

lexy2014:
Can you quote the aspect of the CBN act that confers on CBN and it's governor the responsibility of ensuring free and fair election?

Wallow in your ignorance friend!

Is he monitoring elections?
He only redesigned and printed money and stopped the usage of old.

Please cry me a RIVER!

lexy2014:
From his side how? Which law confers on him that responsibility from his side?

You are not an objective person.

Did the CBN Governor print voting material or purchase voting machine?
Did he disqualify any from contesting election?
Did he annul any primaries?
Is he monitoring elections?

Printing money is within his ambit.
Recalling old notes is within his ambit.
He didn't do that without the authorization of the President.
The CBN Act confers such power on him.

My Brother, A New Nigeria is Our General Duty!

lexy2014:
Is it the responsibility of CBN orbits governor to ensure free and fair elections?

From his side yes!
From your side... Yes!
We all have a role to play!

lexy2014:
Is it the responsibility of CBN orbits governor to ensure free and fair elections?

Everyone has a role to play in fighting corruption.
Every process is affected positively or negatively by fiscal policies.
He understands the power of money as the CBN Governor.

Why Detention for 60days...
This is Politically motivated.

Is not far from hindering his influence or policy that would ensure free and fair elections.

DSS... Nigerians are wise!

Modestanewsreel:

https://www.youtube.com/watch?v=IlV0fQbzxfs

Wife of Mr Ibu has come out to social media to cry about what her husband, Mr Ibu did to her and how he abandoned her and her children, not paying school fees or providing money for upkeep.
She also accused him of extra marital affairs.

This is sad.
Watch where she's been assaulted by Mr Ibu.

The woman must be a lazy one, if her compound is so unkept like that.

She has a nice accommodation, what will it take her to maintain it?

See water licks everywhere!
Let's not encourage lazy women!


See my house, see my car... You have all of that, and you can't maintain it.
There are people seeking for a hut.
Entitled Gender and Generation.

Truvelisback:
Good day, fellas. The most underrated food in Nigeria is Garri. As ordinary as garri is, it has saved many lives. Funny enough, it is the most underrated food in Nigeria. Many guys/ladies out there(especially the ones that forms) see garri as food meant for the poor or for broke guys.

Baba this comment na for you o!

Garri wey dey combine with cold water and milk dey douse tension and stress every close of business.
Na una dey form with am... If e no dey house, food no dey house.

Jennyclay:
This is what I was telling my friend that returned yesterday that the NYSC should be scrapped. What's the essence of going through all the struggle in school for years only to end up dead because of one useless service that doesn't guarantee you job. Which is also used as an allocation to steal funds.

R.I.P to the departed soul.

#scrapNysc

Death could result anywhere my friend.
Is a pity he has to go through that way!

Nigerians we know civility in this PODatti Government. See how they quietly sat down.

femijamz:
Please tell him to step down for PDP that's the only way we can take this government from APC

You don't understand! You can't keep a good man down.

meolaniyi:
I thought IPOB and UGM said there will not be rally and Election in SE . Why are they allowing Pandora to be campaigning in
SE. Bunch of cowards!

Something good is happening and they are lovers of goodness!

If it

siofra:
It looks funny but it's quite painful. At the salon I went to make my hair, there were few customers because people don't have cash. This is a place that is always bubbling. Now the owner is accepting transfers.

Transfer, although not an easy process of transactions... But sure a way forward.
Let's improve on the network.

Felimax:
And Wike wants to force him down your throats. How you go do now?

How e go do now... Pikin wey Dem no accept e go find where them accept am now.

E go Labour Party AMECHI dey there, PDP Atiku and Ayu mesmerize am.

How e go do now?

We just get ready to say congratulations who God sanctions!

Clash of the Titans!

Everyone is labouring hard in the opponents zone.

Bandwidth dragger has entered Nigeria... Make dey no come make my MTN aided browsing come dey crawl.

NamePlace!
The forum is calm... No identification, if it were the the other way round now... We no go hear word.
No ethnic group has Monopoly of international crime.

baralatie:
You seem to not see the problem
The structural backbone for cashless society across Nigeria is faulty and in adequate.the things of which is known to the cbn and has not addressed them.
Cbn has been pumping cash into the society through overprinting to save this administration
Cbn itself said it has received #1 trillion in old notes into its vault aside from the #2 trillion circulating in trade and transfer within the banking circuit.
Now the cbn under supplied the new notes creating scarcity of funds breathing apathy for new notes
Therefore the cbn cannot now say it's aim is to pursue cashless when the new notes are already in the hands of those who hoarded it in the first place(at least for the replacement of their old stash of cash)

Who aided that? How did it get into their hands.

This is the question, since morning we have not come to terms with.
I said the Commercial Banks Officials are aiding that... Most of you disagreed.

Is either the apex bank staff or commercial bank staff helped them get their hands on it.
You see the system is being sabotaged.

baralatie:
Have you asked on thing
What happens if the cbn did not stock the banks with the requisite new notes.
For example,a bank has in it's stock #1 billion naira old notes and CBN sent #200 million naira new notes.
Is that not shortage

All we fail to understand is the idea behind the policy.

CBN wants to limit physical handling of currency and encourage electronic transaction.
So the Cashless policy is geared towards receiving the Old currency (1 billion), which must be credited and held virtually as your financial asset. The 200 million Naira is to be used to encourage few transactions done on a minute scale.

CBN is to Commercial Banks what the Commercial Banks are to individuals.

So if you returned 1billion old notes and received 200million new notes, it means you have a virtual holding of 800 million and a physical holding (or cash) of 200 million... All na still your money.

When you want to make huge transaction like paying for groceries, paying rent, shopping, buying land, buying building materials, paying for furnitures, paying educational fee, do it electronically.

Transactions like buying pepper of #50, paying #50-200 t-fare can be done with cash.

lexy2014:
How are banks the issue?

What corruption are you referring to?

My friend the directive is, don't dispense above a certain amount of the new currency to an individual.

Most banks and their officials deal out this new currency to corrupt individuals in exchange for the ill gotten funds. Why then will the new currency not be scarce.

Nigerian banks are the issue...

Bankers have been aiding corruption.
Let there be a death sentence in place for people who operate in scale of corruption like this.

advanceDNA:
U are wasting your time

No I am not, I defend the Faith and refute every false teaching, in hope that he would see light and get closer to Christ.

It is given to me by God aid to cast down imaginations, and every high thing that exalteth itself against the knowledge of God, and bring into captivity every thought to the obedience of Christ - 2 Corinthians 10:5.

Kobojunkie:
Jesus Christ explicitly stated that He does not seek nor desire praise from any human being. He discouraged the praising of His person by humans.
The same Jesus Christ said that those who do what He commands are those who belong to Him.
So why then do you praise Jesus Christ, against His own decree, yet believe yourself to be of Him?

Although He was God, he took a nature of servant [this was to achieve what he came for, which is to serve righteousness to humanity and deliver them from destruction]
And because of this singular act, God has exalted him, that at the mention of His name, every knee must bow [in praise] and every tongue must confess [in adoration] that Jesus Christ is LORD.


Read the below with understanding

Let this mind be in you, which was also in Christ Jesus: who, being in the form of God, thought it not robbery to be equal with God: but made himself of no reputation, and took upon him the form of a servant, and was made in the likeness of men: and being found in fashion as a man, he humbled himself, and became obedient unto death, even the death of the cross. Wherefore God also hath highly exalted him, and given him a name which is above every name: that at the name of Jesus every knee should bow, of things in heaven, and things in earth, and things under the earth; and that every tongue should confess that Jesus Christ is Lord, to the glory of God the Father.
Philippians 2:5‭-‬11


Christ is not still in the fashion of man... He has risen and is at the right hand of God. So he deserves all praises that is due to Him.

Obaaderemi2:
Which crime rate reduced? Just thank God you and your loved ones are not affected. How will new notes reduce crime? Very soon you will see the new notes everywhere and people will continue trading seamlessly using cash again. Nigeria is still largely an informal economy. There are too many illiterates. Going digital is a gradual thing. You don't force it if you don't your economy to take hits. India tried this nonsense in 2016 and by 2017 the GDP went down by about 2%. Buhari doesn't mean well for nigerians. He's vindictive against someone.

If you still give most Nigerians 2 years, they would still not make this transition.

I kept advising some folks about making this adjustment since last year. All they kept saying is, "is this not Nigeria... E no go happen, they go extend am."

Nigerians need tough hand, to sway them to do the right thing.
The cost of minting money, the illegal transactions, the inflations calls for this policy.

Let's monitor how most of the money (transactions) move electronically.

CAD and USD is scarce is because, much isn't printed and in circulation. When a commodity is scarce the value increases.
We have made new discoveries...
This policy would sanitize our civil service, where these bags are carried and stored at home.

One Minister in Nigeria, claimed we owe tax, even when these deductions are being made from our salaries. He refused paying us our consequential adjustments (Minimum wage differential) accumulated since 2019, and pocketed over 2Billion.
We have sought for proof of our indebtedness, but none has been offered. He carried away this money in cash and it would rot with him.

Obaaderemi2:
Buhari has gone down in infamy already. History will be very unkind to him and the north. He is copying what Modi did in India which nearly destroyed India's economy.

That's not true... We have been shouting digital economy.

We must leave the analog way of doing things.
Give your ATM card some form of protection. Reserve money in one bank for daily transaction and get ATM for it.

Buhari has tried in this one... Crime rate has reduced drastically.
Is been a while I heard about kidnapping in my area.

babyfaceafrica:
If I want to enter 250 bus, I should use bank transfer? If I wan buy pepper for market ko? Or take bike?.. Look, we need more new money that's my own. It isn't enough outside.
Nigeria runs a cash economy

I have been paying for those with transfer.
Best way to go!

Thank God for Buhari... His last days in office would be the best.

He wants to steer this ship in a right direction.

Nigeria would be great again.

God bless you PMB.

tungamaje:
Exactly the challenge. Nigeria unfortunately is not yet ripe for that type of transaction. Someone transfers money to you and you won't immediately receive a credit alert because of bad network. The alert may even enter a day or two days later. How would the cashless trade thrive then?

Use OPAY