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Naira Redesign: Buhari Accuses Banks Of ‘Greed’ - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Naira Redesign: Buhari Accuses Banks Of ‘Greed’ (25679 Views)

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Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by georgeakins: 7:00pm On Feb 03, 2023
Delphi:
He said the truth. The problem we have now about this bank notes redesign is the Bank CEOs/Managers/Heads. They (mis)appropriate the money sent to them to top politicians while leaving the masses with meagre left-overs. This is where DSS have a lot of work to do. They should meet with the banks and demand transcript of cash receipts from CBN and breakdown of how the disbursals were made via ATM. That's the way to go.

*For those quoting this write-up* (Just an enlightenment)

CBN mopping trillion of cash is inconsequential in this instance because most of the mopped currencies are never in circulation but stacked away by individuals (for inordinate reasons).. They only brought them to bank as not to loose their money.
Let commercial banks religiously release/disburse the N30Million being given to EVERY BANK BRANCH DAILY by the CBN and see if this chaos will not stop.
Most people talk on the side of ignorance/being less-informed. It is (hidden) knowledge that some "persons" intercept greater part of the 30Million released to some of the commercial banks in the states.


Buhari is dumb.
He let Emefiele mess up his government. Now, the policy has failed and Buhari is embarrassed

2 Likes

Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by LongT(m): 7:01pm On Feb 03, 2023
Delphi:
He said the truth. The problem we have now about this bank notes redesign is the Bank CEOs/Managers/Heads. They (mis)appropriate the money sent to them to top politicians while leaving the masses with meagre left-overs. This is where DSS have a lot of work to do. They should meet with the banks and demand transcript of cash receipts from CBN and breakdown of how the disbursals were made via ATM. That's the way to go.

*For those quoting this write-up* (Just an enlightenment)

CBN mopping trillion of cash is inconsequential in this instance because most of the mopped currencies are never in circulation but stacked away by individuals (for inordinate reasons).. They only brought them to bank as not to loose their money.
Let commercial banks religiously release/disburse the N30Million being given to EVERY BANK BRANCH DAILY by the CBN and see if this chaos will not stop.
Most people talk on the side of ignorance/being less-informed. It is (hidden) knowledge that some "persons" intercept greater part of the 30Million released to some of the commercial banks in the states.
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by AFONJACOW(m): 7:07pm On Feb 03, 2023
And someone is telling me this senile is incharge of his government... Ashiwaju will bury the country
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by Botamehvic: 7:08pm On Feb 03, 2023
Watch this video if you are trying to relocate to Canada as a permanent resident without ielts and Wes. Watch till the end


https://www.youtube.com/watch?v=HdowaWONPak
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by buhariguy(m): 7:28pm On Feb 03, 2023
zionstaar75:
see poor man!30million per branch?Banks load atm machines with 3 to 5 million daily and at least 100 customers withdraw 500k or more per branch.please do the maths,that's about 60million but in your poor mind 30million is enough. Do u know how much pos operator's withdraw everyday to be able to do their business. This nairaland is now like a village group platform because the discourse is becoming less intelligent by the day
those idiotic pigs are kids
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by Nobody: 7:42pm On Feb 03, 2023
A weak leader will blame everyone else but himself for his shortcomings
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by StJasper(m): 7:58pm On Feb 03, 2023
moscow007:
Whenever Emefiele finds a way to perfect plans to put the newly redesigned notes on the hands on common Nigerians Thiefnibu will deploy his machineries to sabotage it.

Now I understand what Saudi means by vested interests that won't allow Nigeria to be fixed in his TedX talk.

Thiefnibu Urchins will soon protest in all Southwest states, while the most affected are Northerners that are mostly unbanked and those that live over 20km for town and banks.

The North is not complaining, only Thiefnibu's Islamic Jagaban Army disturbing public peace in the Southwestern States.
Peace loving Yoruba Christian should go about their lawful businesses Operation still waters is coming to shot at sight

When will you be cured of your madness?

Are you saying it is only Tinubu's supporters that are complaining about the effects of this naira redesign?
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by Pityoobi: 8:01pm On Feb 03, 2023
ExAngel007:


https://www.thecable.ng/buhari-accuses-banks-of-greed-says-cbn-assured-him-enough-new-notes-could-be-printed/amp
The part where the president claim "he will go back and find out what actually happened", shows he's not in control or they have something to hide with Buhari in the know...Instead, he tell us that he will summon them and give directives to make sure everything is resolved.

1 Like

Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by Bluntemperor: 8:09pm On Feb 03, 2023
akanke79:


reason for the scarcity
Central Bank of Nigeria (CBN) mopped up over N2 trillion of the old notes in circulation, only N300 billion worth of new notes were printed.

That is the starting point!
The CBN request that we go to the Bank to deposit e g .my N50,000 Cash and I got there, stamped it ,the bank collected it for exchange,only for me to be told- come back during the week, for we have no New Cash!
Who does that and have peace?
You can only give what you have!
Nonsense people!
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by GodHimself: 8:15pm On Feb 03, 2023
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by Moh247: 8:15pm On Feb 03, 2023
Banks hoarding cash, not loading ATMs giving old note, fustrating customers

Something is wrong with Nigeria
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by SenatePresdo(m): 8:16pm On Feb 03, 2023
Jack500:


Tinubu already has bullion van of the new notes, it is you hunger will kill, not Tinubu

Lamo! I don't need Billions to buy votes, its Tinubu that needs it, and he won't have it.

Emefiele has locked up OK new notes kpatakpata
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by smasher1(m): 8:29pm On Feb 03, 2023
Delphi:
He said the truth. The problem we have now about this bank notes redesign is the Bank CEOs/Managers/Heads. They (mis)appropriate the money sent to them to top politicians while leaving the masses with meagre left-overs. This is where DSS have a lot of work to do. They should meet with the banks and demand transcript of cash receipts from CBN and breakdown of how the disbursals were made via ATM. That's the way to go.

*For those quoting this write-up* (Just an enlightenment)

CBN mopping trillion of cash is inconsequential in this instance because most of the mopped currencies are never in circulation but stacked away by individuals (for inordinate reasons).. They only brought them to bank as not to loose their money.
Let commercial banks religiously release/disburse the N30Million being given to EVERY BANK BRANCH DAILY by the CBN and see if this chaos will not stop.
Most people talk on the side of ignorance/being less-informed. It is (hidden) knowledge that some "persons" intercept greater part of the 30Million released to some of the commercial banks in the states.

Bank branches that I know don't get that value in a month.
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by adekolaelect(m): 8:34pm On Feb 03, 2023
ModCaller:


I don't support the whole thing. But I don't think there is anyway CBN will decide to sabotage its own projects.

Hence, everything comes down to the commercial banks. Kaduna state governor testified that he knows a governor who got 500 million from a bank. Many people already know about the under the table dealings. There have been major newspapers reporting on these things in the last few days. Some even sell to POS people who are connected to them.

Bank administrators suck up to rich people, especially politicians because they want to retain their account. These administrators know how hard they worked to get them so once they get a request from them, they start running around to make it happen.

It's a den of thieves.
If you say this i agreed with you but who is Buhari and cbn to where bank are meant to service their customers? What does cbn offer Banks in term profit than to become parasite ? Emefele and Bihari will go one day but banks and it's customers remains . Cbn should give banks enough new note to give their customers at least no Nigerians ask for free money but their money. Cbn and Buhari are just creating issues where there is none. Why did Buhari not do this when he was contesting for his second term then? Buhari and cbn are just trying to fight someone with policies that is meant for millions of Nigerians. It has backfired .

1 Like

Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by YeyeGbami: 8:38pm On Feb 03, 2023
Delphi:
He said the truth. The problem we have now about this bank notes redesign is the Bank CEOs/Managers/Heads. They (mis)appropriate the money sent to them to top politicians while leaving the masses with meagre left-overs. This is where DSS have a lot of work to do. They should meet with the banks and demand transcript of cash receipts from CBN and breakdown of how the disbursals were made via ATM. That's the way to go.

*For those quoting this write-up* (Just an enlightenment)

CBN mopping trillion of cash is inconsequential in this instance because most of the mopped currencies are never in circulation but stacked away by individuals (for inordinate reasons).. They only brought them to bank as not to loose their money.
Let commercial banks religiously release/disburse the N30Million being given to EVERY BANK BRANCH DAILY by the CBN and see if this chaos will not stop.
Most people talk on the side of ignorance/being less-informed. It is (hidden) knowledge that some "persons" intercept greater part of the 30Million released to some of the commercial banks in the states.

Na them banks, they greedy af.
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by slickgirl: 8:39pm On Feb 03, 2023
He is never at fault. The most incompetent fellow alive.
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by letitrainnow(m): 9:01pm On Feb 03, 2023
He said the assurance was given to him before he considered giving approval for the naira redesign policy.
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by MasterTeeUSA: 9:13pm On Feb 03, 2023
We run a democracy not an authoritarian regime.




SpecialAdviser:
The are actually sabotaging the whole stuff especially from their head office LAGOS.

Where is your army mr man. Some people need proper koboko and buttocks alignment.
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by michoim(m): 9:14pm On Feb 03, 2023
Buhari too gullible to govern well. Buhari must GO
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by michoim(m): 9:26pm On Feb 03, 2023
FarahAideed:
you are giving each bank just 30 million a day and you say they are inefficient?
I wonder...
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by olaeffect(m): 9:31pm On Feb 03, 2023
Delphi:
He said the truth. The problem we have now about this bank notes redesign is the Bank CEOs/Managers/Heads. They (mis)appropriate the money sent to them to top politicians while leaving the masses with meagre left-overs. This is where DSS have a lot of work to do. They should meet with the banks and demand transcript of cash receipts from CBN and breakdown of how the disbursals were made via ATM. That's the way to go.

*For those quoting this write-up* (Just an enlightenment)

CBN mopping trillion of cash is inconsequential in this instance because most of the mopped currencies are never in circulation but stacked away by individuals (for inordinate reasons).. They only brought them to bank as not to loose their money.
Let commercial banks religiously release/disburse the N30Million being given to EVERY BANK BRANCH DAILY by the CBN and see if this chaos will not stop.
Most people talk on the side of ignorance/being less-informed. It is (hidden) knowledge that some "persons" intercept greater part of the 30Million released to some of the commercial banks in the states.

The small bank I bank with has 11 branches in Ibadan.
Let's divide N30m by 11 = N2,727,272.73

So please tell me how much you feel they should load in the ATM and how much you think each walk-in customer can get.

Also note that the N30m is per bank in each CBN location not per branch daily ooo

That is to say other branches of the same bank that are outside Ibadan but within Oyo state are expected to share from the same N30m because only one CBN covers Oyo state.

Hope you guys can see that the CBN is expecting banks to do miracles.

2 Likes 1 Share

Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by maasoap(m): 9:41pm On Feb 03, 2023
Now, this senseless and senile old man is accusing third party when he himself is the Nigeria's number one problem right now! Shocking!!
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by maasoap(m): 9:47pm On Feb 03, 2023
phemmie06:
Everyone knows this but persecute those involved. Charge them with treason. You have all the apparatus to do that.

He can't charge, he can't prosecute no one because he is lying, Emefiele is lying. Emefiele should tell Nigerians how much of the new notes he printed and released or plan to release into the circulation. They're just making commercial banks look bad. Imagine 30 million naira per bank, not branch o!
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by santuspearl: 10:18pm On Feb 03, 2023
ExAngel007:


https://www.thecable.ng/buhari-accuses-banks-of-greed-says-cbn-assured-him-enough-new-notes-could-be-printed/amp

A recurrent failure and mediocre president who is always looking for who to blame..
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by Ken4Christ: 11:13pm On Feb 03, 2023
It's a deliberate act. Is this the first time the country is printing new notes.

Besides, the design is the same. The difference is just the ink colour.

Meanwhile, the bandits already have enough in the bush. Something is not adding up.

The sanate should summon Emefiele and Mr President for questioning.
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by Jack500: 11:48pm On Feb 03, 2023
SenatePresdo:


Lamo! I don't need Billions to buy votes, its Tinubu that needs it, and he won't have it.

Emefiele has locked up OK new notes kpatakpata

Keep fooling yourself. Feb 25th is here already, you will learn another lesson grin grin
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by kernniejay(m): 4:34am On Feb 04, 2023
SpecialAdviser:
The are actually sabotaging the whole stuff especially from their head office LAGOS.

Where is your army mr man. Some people need proper koboko and buttocks alignment.
You are a bloody foool. Why is Lagos your problem? Don't forget that even Peter Obi now lives in Lagos permanently and the population of igbos in Lagos alone is almost up to the total Igbo population in the entire East.
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by kernniejay(m): 4:41am On Feb 04, 2023
Cj4charles:
I am having a feeling that I'm the only one Buhari has not called his name to lay blame on
Hahahaha.... I'm sure he will still call your name to blame you before he leaves office.
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by lagosrd: 6:04am On Feb 04, 2023
You're speaking. Until you deal with them ruthlessly Mr president, they won't comply.

Most loans you give them at single digit are used to make 100% gain and not directed at the real and Intending people that needs them.
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by Obaaderemi2: 8:04am On Feb 04, 2023
WHITELIGHTER:
I was telling one unfortunate human that the banks are our major problem with regards to this naira redesign matter...
The problem is Buhari himself. He didn't think this out properly. The same way he restricted access to dollars, banned importation of certain goods and closed the borders at the beginning of his presidency. Nigerians are still suffering from the massive inflation rate associated with those early stupid moves. The banks are not the problem but your stvpid president.

1 Like

Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by bdon123(m): 8:11am On Feb 04, 2023
Delphi:
He said the truth. The problem we have now about this bank notes redesign is the Bank CEOs/Managers/Heads. They (mis)appropriate the money sent to them to top politicians while leaving the masses with meagre left-overs. This is where DSS have a lot of work to do. They should meet with the banks and demand transcript of cash receipts from CBN and breakdown of how the disbursals were made via ATM. That's the way to go. Ask yourself how did the bandit leader get hold of the wads of the new currency notes he was brandishing recently. Very unfortunate!

*For those quoting this write-up* (Just an enlightenment)

CBN mopping trillion of cash is inconsequential in this instance because most of the mopped currencies are never in circulation but stacked away by individuals (for inordinate reasons).. They only brought them to bank as not to loose their money.
Let commercial banks religiously release/disburse the N30Million being given to EVERY BANK BRANCH DAILY by the CBN and see if this chaos will not stop.
It is (hidden) knowledge that some "persons" intercept greater part of the 30Million released to some of the commercial banks in the states.
U are a wise man.This scarcity is man made by tinubu.U can see he keeps sending APC governors to out pressure on buhari to leave till election.Thats why buhari asked for 1 weeks to deal wit those diverting it
Re: Naira Redesign: Buhari Accuses Banks Of ‘Greed’ by Obaaderemi2: 8:15am On Feb 04, 2023
seaenergy:


Buhari should send soldiers to all the bank to make sure they discharge accordingly. this is best policies Buhari administrator ever made to benefit common man. i don't know why Nigerians doesn't see hope and sincerity from this policy.
How is the policy good and beneficial to the common man? It's politically motivated to hamper the chances of certain politicians. If not why didn't Buhari do it earlier? Why didn't they print enough new notes? Why were the banks still paying out old notes until recently? Nigeria already leads Africa in terms of online payment, so what else do they want? Will you pay the okadaman 100 naira with your atm card? The common man is the biggest loser here. It happened India and it failed too. How any human being can still believe in this failed president is amazing.

1 Like

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