BennyDGreat:


I like this but some of those PHCN people are very stubborn oh. They don't care

Because some people decide to go to the dirt with them. No need.

CamusMidas:

Ontop $100? My friend you are not alright.

naira mentality

Glad you schooled him

Information is power

martyns303:
Today I understood the importance of being informed and I thought of sharing this information. It may be useful to someone.

I went to the bank to deposit USD, unfortunately among the notes is a $100 2003 series. The teller brought out the old series and said they don’t accept it. I have heard of BDC rejecting old notes but for a bank? So I thought I should check what CBN has to say, I googled “old note series CBN”, and found a Memo by CBN that says banks and BDC are not to reject old series or lower denominations.

I quickly informed the teller that there’s a memo to the effect of rejecting old series. The teller said he would have to confirm from his superior, he went ahead to call his boss, the boss came and was like “oh yes, we don’t accept old series”, so I brought out the Memo on my phone and showed it to him and said I need him to confirm that he would not be accepting the old series. He started stuttering and was like he will need to confirm, I said sir this thing is in black and white. I guess he was trying to save face, he went to his desk, made a phone call, then instructed the teller to accept the note.

Below is a copy of the Memo/Circular, in the event anyone might need it.

Nigeria is a lawless nation, had it been that you are not enlightened they would have ruined your day for you.

Johnchrix:
We're una de see this money self??

Lol...money dey where money dey. Na make God answer person prayer remain.

I did similar thing way back to when CBN introduced incentives for receiving dollars abroad. I think 5 naira for each dollar you receive, and also you can get the dollars sent to you in hard currency instead of allowing the bank to exchange it to naira for you. I had that knowledge already and I even ensured I saved the memo to that effect incase they feign ignorance .


I was to receive $4500 that day, so the teller lady was like I should put down my bank account number so that the money will be sent. I just laughed in my mind told her I want my money in hard currency, she looked at me for a while and then say okay. After verification, she paid me the money and gave me a book to write the amount I receive, I did. Then I noticed a column tagged “ incentive” she told me to write 25000, I did. Meanwhile, she did not tell me about the incentive. After writing it she expected me to leave lol… I just told her what about incentive the CBN asked you people to pay us, is your bank not complying with that? She was shocked and started apologising that she forgot bla bla ..:hahaha… I don laugh I just collected my money and left..

I saw many people that receive their money without even know anything like that happening ..lol

martyns303:


No he didn’t ask for tips, he was like, hope when they give it to me I will accept it, and I said I won’t, he was like “u see”, told him I didn’t know accepting old notes was a problem until he established it just now that there’s a problem accepting old notes. He then said in that case what will then happen, told him I don’t know, the Memo said he as a financial institution must accept the note, it didn’t say me as a customer must accept it and that he will have to take it up with the CBN. Walked out!!!!

I don't understand. Why would he ask this? Why would you accept a note that is being phased out? The bank is the financial institution. It is their duty to accept it, keep it and issue new ones till the old ones disappear. You not accepting from the bank and the bank accepting it from their customers is logically the only way to take it out of circulation. Maybe I'm the one not getting it.

PENNYSWAP:


naira mentality

Comut here garreh.

CamusMidas:

Comut here garreh.

Naira mentality

What’s dollar rate as at today?

PENNYSWAP:



Naira mentality

richest man in Africa is earning in what currency dumbass?

CamusMidas:
richest man in Africa is earning in what currency dumbass?

Richest man in Africa is saving his fortunes in what currency


Richest man in Africa is rated with what currency when Forbes wants to rate his worth

When wiki writes his worth , what currency do they write that he is worth ?

Have you seen were they said dangote is what this and this in naira?


Naira mentality is very bad

kingphilip:
Small opportunity people go de form demi god.

You for just sue them make so much out of them.

Lalasticlala, Seun & Mynd44 front page please so others can learn and not be cheated

U think Nigeria is abroad or what?

martyns303:


No he didn’t ask for tips, he was like, hope when they give it to me I will accept it, and I said I won’t, he was like “u see”, told him I didn’t know accepting old notes was a problem until he established it just now that there’s a problem accepting old notes. He then said in that case what will then happen, told him I don’t know, the Memo said he as a financial institution must accept the note, it didn’t say me as a customer must accept it and that he will have to take it up with the CBN. Walked out!!!!

SAVAGE!!

I see some girls here trying to hook up with you because of the money they heard of.


This I have seen.

molybdenum0012:
I did similar thing way back to when CBN introduced incentives for receiving dollars abroad. I think 5 naira for each dollar you receive, and also you can get the dollars sent to you in hard currency instead of allowing the bank to exchange it to naira for you. I had that knowledge already and I even ensured I saved the memo to that effect incase they feign ignorance .


I was to receive $4500 that day, so the teller lady was like I should put down my bank account number so that the money will be sent. I just laughed in my mind told her I want my money in hard currency, she looked at me for a while and then say okay. After verification, she paid me the money and gave me a book to write the amount I receive, I did. Then I noticed a column tagged “ incentive” she told me to write 25000, I did. Meanwhile, she did not tell me about the incentive. After writing it she expected me to leave lol… I just told her what about incentive the CBN asked you people to pay us, is your bank not complying with that? She was shocked and started apologising that she forgot bla bla ..:hahaha… I don laugh I just collected my money and left..

I saw many people that receive their money without even know anything like that happening ..lol

LWKMD
Guy u wicked o

martyns303:
Today I understood the importance of being informed and I thought of sharing this information. It may be useful to someone.

I went to the bank to deposit USD, unfortunately among the notes is a $100 2003 series. The teller brought out the old series and said they don’t accept it. I have heard of BDC rejecting old notes but for a bank? So I thought I should check what CBN has to say, I googled “old note series CBN”, and found a Memo by CBN that says banks and BDC are not to reject old series or lower denominations.

I quickly informed the teller that there’s a memo to the effect of rejecting old series. The teller said he would have to confirm from his superior, he went ahead to call his boss, the boss came and was like “oh yes, we don’t accept old series”, so I brought out the Memo on my phone and showed it to him and said I need him to confirm that he would not be accepting the old series. He started stuttering and was like he will need to confirm, I said sir this thing is in black and white. I guess he was trying to save face, he went to his desk, made a phone call, then instructed the teller to accept the note.

Below is a copy of the Memo/Circular, in the event anyone might need it.

I fell victim of this but in a different way. When I was opening a prepaid USD card with UBA,I was told my $50 can't be used to activate the account unless I bring $100.

One ABOKI I changed dollar with also told me this that I shouldn't collect less than 2017 dollar notes from bank, that if they take it to deposit it they don't really accept it, he even said his exchange rate for old notes, lower denominations is slightly lower about 20naira difference.

It was even a 2013 note we were talking about, he even complained about lower denominations too.

I actually felt he was wrong so its really true bankers tell peeps this things

martyns303:
Today I understood the importance of being informed and I thought of sharing this information. It may be useful to someone.

I went to the bank to deposit USD, unfortunately among the notes is a $100 2003 series. The teller brought out the old series and said they don’t accept it. I have heard of BDC rejecting old notes but for a bank? So I thought I should check what CBN has to say, I googled “old note series CBN”, and found a Memo by CBN that says banks and BDC are not to reject old series or lower denominations.

I quickly informed the teller that there’s a memo to the effect of rejecting old series. The teller said he would have to confirm from his superior, he went ahead to call his boss, the boss came and was like “oh yes, we don’t accept old series”, so I brought out the Memo on my phone and showed it to him and said I need him to confirm that he would not be accepting the old series. He started stuttering and was like he will need to confirm, I said sir this thing is in black and white. I guess he was trying to save face, he went to his desk, made a phone call, then instructed the teller to accept the note.

Below is a copy of the Memo/Circular, in the event anyone might need it.

Guy thanks a lot for this information.

Na GTBank carry that nonsense for head, aswear.

Yeye country

Later they will give out same seriesof dollar bills rejectedby them....

Shittiness Nigeria..

May God save this country called Nigeria..

BennyDGreat:


Please differentiate bank workers from bankers in your context. I am a bit lost

Bank workers are mostly those who got bank job opportunities through relatives or family friend... studied courses far different from financial management and are also yet to pick a course in the banking line to further enhance their knowledge.....you will see a yoruba, Microbiology, biochemistry graduate working in the bank..so they are mostly used as cashiers and customer care rep...
So if you ask someone like that wats the present MPR?...they will even ask you what MPR is...
Infact ask them what does their bank require for you to get a facility from them ..they won't be able to answer you.

While a banker is a financial person who is certified and knowledgeable about the whole banking system and how it's been run and who is Also updated with the necessary information about modern banking especially with the bank and other financial institution Act (BOFIA) as documented by the apex bank from time to time...

ClearWatersNG:
We are recruiting both new and experienced content writers to join our Creative Writing Hub.


This is an opportunity to earn big time from Content Writing.


Remuneration is 500,000 Naira as there are constant projects to work on. Some candidates will earn up to One million Naira


There will be mentorship to help you become better and attain mastery


If this opportunity interests you, indicate interest by sending a message to



Thanks for reading

I'm interested o

martyns303:
Today I understood the importance of being informed and I thought of sharing this information. It may be useful to someone.

I went to the bank to deposit USD, unfortunately among the notes is a $100 2003 series. The teller brought out the old series and said they don’t accept it. I have heard of BDC rejecting old notes but for a bank? So I thought I should check what CBN has to say, I googled “old note series CBN”, and found a Memo by CBN that says banks and BDC are not to reject old series or lower denominations.

I quickly informed the teller that there’s a memo to the effect of rejecting old series. The teller said he would have to confirm from his superior, he went ahead to call his boss, the boss came and was like “oh yes, we don’t accept old series”, so I brought out the Memo on my phone and showed it to him and said I need him to confirm that he would not be accepting the old series. He started stuttering and was like he will need to confirm, I said sir this thing is in black and white. I guess he was trying to save face, he went to his desk, made a phone call, then instructed the teller to accept the note.

Below is a copy of the Memo/Circular, in the event anyone might need it.

. There is a difference between literacy and functional literacy.You have funtional literacy if you can use your education and knowledge to solve problems.That is what you have done today.Sadly many graduates in Nigeria are not literate functionally as they rely on their parents or older adults to solve problems

Yes old USD series was not acceptable before but anymore

OP u did well jare...tnks fr d info

WoundedLamb:


I don't understand. Why would he ask this? Why would you accept a note that is being phased out? The bank is the financial institution. It is their duty to accept it, keep it and issue new ones till the old ones disappear. You not accepting from the bank and the bank accepting it from their customers is logically the only way to take it out of circulation. Maybe I'm the one not getting it.

But they spend and accept the old USD note in the US without any complain. I think the issue of new note only happens in Nigeria.

This is enlightening

martyns303:
Today I understood the importance of being informed and I thought of sharing this information. It may be useful to someone.

I went to the bank to deposit USD, unfortunately among the notes is a $100 2003 series. The teller brought out the old series and said they don’t accept it. I have heard of BDC rejecting old notes but for a bank? So I thought I should check what CBN has to say, I googled “old note series CBN”, and found a Memo by CBN that says banks and BDC are not to reject old series or lower denominations.

I quickly informed the teller that there’s a memo to the effect of rejecting old series. The teller said he would have to confirm from his superior, he went ahead to call his boss, the boss came and was like “oh yes, we don’t accept old series”, so I brought out the Memo on my phone and showed it to him and said I need him to confirm that he would not be accepting the old series. He started stuttering and was like he will need to confirm, I said sir this thing is in black and white. I guess he was trying to save face, he went to his desk, made a phone call, then instructed the teller to accept the note.

Below is a copy of the Memo/Circular, in the event anyone might need it.

ome na dollars....