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Nairaland Forum / Nairaland / General / Travel / How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? (47172 Views)
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Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by YerYer: 3:19am On Dec 23, 2015 |
BuddhaPalm: You are not current then, I believe you could send money from nigeria since last year. 2 Likes |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by Motherfucker2: 7:39am On Dec 23, 2015 |
uchetobi: What bank does Western union in USA ?? |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by uchetobi(f): 7:42am On Dec 23, 2015 |
Motherfucker2: Collected from an agent location downtown Houston not a bank Dunno if banks are agents Btw your name is scary, I panicked when I saw a mention from u, felt like you were coming to beat me up |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by Motherfucker2: 7:49am On Dec 23, 2015 |
uchetobi: I know how it works. I saw when you wrote You didn't get your money today because the participating banks have exceeded their daily limit. No bank is involved in Western union. The participating outlets are Dollar family, Walmart, Rite aid . |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by uchetobi(f): 7:55am On Dec 23, 2015 |
Motherfucker2: The participating banks are in Nigeria where the money was sent from, I recieved it on the other end.... There was a context behind my response |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by chilez(f): 9:21am On Dec 23, 2015 |
repogirl:Hmm, can dis work for pounds? |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by repogirl(f): 9:24am On Dec 23, 2015 |
chilez:am not sure but you should speak with your bank about it. |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by chilez(f): 9:30am On Dec 23, 2015 |
repogirl:Been on this with gtb, d peeps i've been talking to seems soo clueless. |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by JayJustus(m): 10:17am On Dec 23, 2015 |
Matinho: lol...see this nigga...my parents have been sending me money through western union since last year with first bank...why are you so outdated? anyway...see my receipt of collection and see the ORIGINATING COUNTRY...don't argue blindly @tdayof come see this certified mumu oooo 2 Likes
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Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by tdayof(m): 10:21am On Dec 23, 2015 |
JayJustus:free them. Some people just argue blindly. Have seen alot of them.. This is the problem when ITK controls them. 3 Likes |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by Matinho: 11:33am On Dec 23, 2015 |
JayJustus: I should be asking you the question my friend 'Why are you so outdated'. Nobody said your parents did not send you money by WU or not but today is December 23, 2015 and I put it to you that as of this day, you cannot send money out of the country via Western Union because the banks have suspended this service. You are the one arguing blindly and unfortunately you have even resorted to insult which is no surprise that you cannot even comprehend a simple statement. Maybe you should consider keeping up with news and happenings in Nigeria than waste precious time on abusive language. 2 Likes |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by JayJustus(m): 11:42am On Dec 23, 2015 |
Matinho: and my sister received few days ago.... when I receive next week I'd be back to reply you...take care son...keep the cave clean 3 Likes |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by Nobody: 11:54am On Dec 23, 2015 |
tdayof:Dude they just suspended western union both sending and receiving 1 Like |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by repogirl(f): 12:05pm On Dec 23, 2015 |
chilez:okay, you could visit a registered BDC and they'll transfer it for for you there. |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by chilez(f): 2:44pm On Dec 23, 2015 |
repogirl:Ok thanks alot ma'am 1 Like |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by amenuveve: 8:27pm On Dec 23, 2015 |
JayJustus: My brother when you receive am, kindly inform us, am in Ghana, my people could not send money through western union of and Ecobank rapid transfer, so I will want to know if you succeed |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by tdayof(m): 12:54am On Dec 24, 2015 |
tensazangetsu:when was that? A guy received money yesterday from Nigeria.. He should get it here today cos of time difference. His mum sent wu |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by miracle4(m): 4:26pm On Dec 24, 2015 |
I got a huge temporary solution for Nigerian Netpreneurs and students. See all of that at http://www.3ptechies.com/overcome-buhari-nigerian-economy.html 2 Likes 2 Shares |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by Excellent7(m): 6:38am On Dec 27, 2015 |
bayulll01: Sir, you still do not get me or you are interested in useless arguments and do not seek enlightenment. Foreign cards can be used and have been used to transact in Nigeria including Naira withdrawals. I talk about what I know. I have used them in Nigeria. In fact using them to transact in Nigeria benefits the Nigerian banking system, the Nigerian economy, and our foreign currency reserves. How do you think some countries survive mainly on tourists' spending? What concerns your foreign bank with your transaction cost, it is simply passed on to the customer. When you make transactions locally, does your bank pay the cost of transaction (COT) for you? May be its folks like you, with limited knowledge of how things work, that will finally and completely mess things up. I have tried to educate you but you seem too handicapped to understand. Since it seems we are not communicating, I have decided to heed these words: Answer not a fool according to his folly, lest thou also be like unto him. —Proverbs 26:4 Don’t argue with idiots because they will drag you down to their level and then beat you with experience. —Greg King Never argue with a fool; onlookers may not be able to tell the difference. —Mark Twain Good bye! 3 Likes |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by Excellent7(m): 7:01am On Dec 27, 2015 |
linearity: Your second option of peer to peer transfer is feasible. But the problem is, with Naira on this dive most guys will want to wait to see how low it dives to hedge against exchange risk except the need is urgent or you are family. Secondly, with the BVN deadline most foreign based Nigerians not visiting Nigeria this season are most likely to be unable to operate their Nigerian based accounts from 31st January, 2016, and hence will have less appetite to have anyone pay in Naira they can not deploy for hard currency that is most likely to fetch more Naira in the short term. To me it makes no sense to bar foriegn based Nigerians from operating their Nigerian based accounts. A wiser approach would have been to instruct the banks to do enhanced KYC with international passport, Resident/Green card, Proof of foreign address or Utility bill (and if necessary letter from Nigerian Embassy in country of residence). On the basis of current regulation, I see reduction in diaspora remittances to nosedive in Dollar terms in Q1 and Q2 2016. 1 Like |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by bayulll01(m): 7:12am On Dec 27, 2015 |
Excellent7: Mr man av heard you,still one word for you. pathetic |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by Pidggin(f): 7:45am On Dec 28, 2015 |
JayJustus: Have you received yet? If you are waiting for your parents to send you money, you are in for it BIG TIME! Better go and look for work if you don't want to starve there. 1 Like |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by JayJustus(m): 8:59am On Dec 28, 2015 |
Pidggin: i called first bank and enquired and they told me i'm good to go...also there are other ways of getting money from nigeria...so just whollup there |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by Pidggin(f): 9:09am On Dec 28, 2015 |
JayJustus: When you receive it, post the receipt like you did previously, if this is true then Firstbank could be fined seriously for this. Besides money laundering which other way do you think you can get money from here? You are in for it! You better start looking for work or you will starve. 1 Like |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by JayJustus(m): 9:14am On Dec 28, 2015 |
Pidggin: i just called like RIGHT NOW...and the customer care told me it was suspended last week but it only lasted for two days or so..she told me my parents can send to me...so you might wanna try calling them to enquire yourself and get firsthand info plus you can get money through aroko fx... and I just sent a facebook message to moneygram and here's their reply...guess y'll gon be satisfied now 2 Likes
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Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by mark3009(m): 1:56pm On Dec 28, 2015 |
JayJustus:My understanding is that there will also be restrictions on Western union and money gram |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by mark3009(m): 1:56pm On Dec 28, 2015 |
JayJustus:My understanding is that there will also be restrictions on Western union and moneygram |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by JayJustus(m): 2:26pm On Dec 28, 2015 |
mark3009: restriction remains the same as "1,000usd quarterly |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by Jayne2014(f): 3:13pm On Dec 28, 2015 |
JayJustus:Bros, I can see that you are in Malaysia. Please I have some enquiries to make. On the average, how much ringgit do you spend on feeding and other living expenses in a month? |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by JayJustus(m): 5:25pm On Dec 28, 2015 |
Jayne2014: well...lemme break it down housing plus utilities--- 700 (could be 680, 670...fluctuates due to water and electricity bills) feeding ---400 (includes cooking and eating out) transport to school---50 flexing money--- 150 total----1300 ***sometimes more depends but it also depends on where you live...like my former house plus utilities would cost around rm1100 |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by Jayne2014(f): 6:24pm On Dec 28, 2015 |
JayJustus:Thanks, I am looking at studying at USM, Penang. |
Re: How Can Nigerians In Diaspora Access Their Funds From 2016 With The CBN Policy? by JayJustus(m): 6:51pm On Dec 28, 2015 |
Jayne2014: hmmmmnnn...Penang is just another city like Lagos...you'd feel the traffic of life..hahahahaha |
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