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Nairaland Forum / Nairaland / General / Business / Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes (17158 Views)
We Did Not Authorise Commercial Banks To Collect Old ₦500, ₦1000 Notes - CBN / CBN Orders Banks To Collect Old ₦500, ₦1,000 Notes / Bus Conductor Refused To Collect New Naira Note From Passenger (Video) (2) (3) (4)
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Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by just2endowed: 9:42am On Jan 21, 2023 |
Godsonkemz: In an inflationary economy, more notes need to be printed. |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by Ishilove: 9:42am On Jan 21, 2023 |
KingMack:I saw the 200 note for the first time yesterday 1 Like |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by mu2sa2: 9:46am On Jan 21, 2023 |
KingMack:You're not incorrect. Can you believe that I held the new note in my hand for the first time just yesterday. 1 Like 1 Share |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by mechanics(m): 9:47am On Jan 21, 2023 |
But ₦200 and ₦500 notes are not yet available like the ₦1,000 note. 1 Like 1 Share |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by everythinggirly(f): 9:47am On Jan 21, 2023 |
Money wey look like say blood no dey am😂🤣 |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by Curious345: 9:47am On Jan 21, 2023 |
KingMack:I have only seen and handled the 1000 naira note just once .and it was not from an ATM 1 Like 1 Share |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by somehow: 9:51am On Jan 21, 2023 |
Ikaeniyan0: By making sure we insist on the new notes when we go to the banks to withdraw and also from our daily transactions. Rush? The policy is not 1 week old. Except you're in support of the criminals hoarding old naira notes thereby suffocating our economy, or you're in support of those who have hoarded old notes to be used to bribe their way through the elections, I don't see why you think this policy is being rushed or bad. Ask yourself, why are the banks not picking up the new notes CBN said are available? 2 Likes |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by somehow: 9:57am On Jan 21, 2023 |
TenQ: Stop peddling lies Did you bother to read the article at all? If new notes aren't available, why then is CBN fining them? 1 Like |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by baralatie(m): 10:02am On Jan 21, 2023 |
Vickym1: |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by Wapgod(m): 10:09am On Jan 21, 2023 |
Omicronvaccine:A bank will pay 365 million naira for a whole year for this fine. Very small money to a Nigerian bank. Fines do not work on the rich. |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by DIVINEEVIDENCE: 10:12am On Jan 21, 2023 |
jibrilELsudan: You made my day with this superb analysis. Tiri gbosas for thee 1 Like |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by Father4all: 10:15am On Jan 21, 2023 |
Our banks are corrupt |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by TenQ: 10:17am On Jan 21, 2023 |
somehow:A close friend that works in a Bank (I won't mention the name) gave me the situation report just yesterday night. The amount they get is far short of their daily requirements |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by bamac(m): 10:18am On Jan 21, 2023 |
Ecne:Believe that politicians have the old note at your own peril. They are the ones hoarding the new notes, next month will expose them. 1 Like |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by KingMack(m): 10:29am On Jan 21, 2023 |
mu2sa2: |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by KingMack(m): 10:30am On Jan 21, 2023 |
Ishilove: |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by somehow: 10:31am On Jan 21, 2023 |
TenQ: You still didn't answer the question Why are they being fined if truly its the CBN not giving them the new notes? Except your friend is in the top management level and makes decisions for the bank, he's not expected to know how far. 1 Like |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by olaeffect(m): 10:35am On Jan 21, 2023 |
Something fishy going on! Do we still have bankers committee in this kwantri? At least if individual banks are afraid to say something because of the fear of the rascality of officers of this government, the Nigerian bankers committee should not. Have we all now become totally fearful under this oppressive administration? 1 Like |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by Sonoyom(m): 10:39am On Jan 21, 2023 |
CBN that is disbursing less than 5% of the new notes is talking about fine These guys are comedians |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by Samo1122(m): 10:45am On Jan 21, 2023 |
When you go to deposit old notes at your bank & the ATM still dispenses the same old notes. No be wahala be that? Yes, you're right. It is like fetching water in a basket. |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by TenQ: 10:52am On Jan 21, 2023 |
somehow:She works in the department responsible for moving cash to and fro CBN. Trust government news at your peril |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by bluefilm: 10:53am On Jan 21, 2023 |
tamdun: At whose detriment? |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by somehow: 10:54am On Jan 21, 2023 |
TenQ: She works where they move money doesn't mean she works where decisions on what to move are made. And which department is that? So why are they being fined? 1 Like |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by TenQ: 10:55am On Jan 21, 2023 |
somehow:The answer is here: Can you answer the question why you feel that banks are reluctant to replace their old Naira for the new? |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by blowjohn(m): 10:57am On Jan 21, 2023 |
jibrilELsudan: Ur analysis makes a lot of sense 1 Like |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by somehow: 10:57am On Jan 21, 2023 |
TenQ: The answer to your question was addressed in my comment you quoted from the start. So can you answer mine because your comment didn't address it. |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by blowjohn(m): 10:59am On Jan 21, 2023 |
TenQ: The question is : is their daily routine that makes them sell the new notes in exchange of old notes? If that's the case, then they can never have enof new notes daily. That is corruption |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by somehow: 11:00am On Jan 21, 2023 |
jibrilELsudan: Now, this is someone that can think. |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by Lordofalmajiri(f): 11:26am On Jan 21, 2023 |
Ecne:What do you expect from a tinubu supporter I'm sure his masters have been Wailing since CBN changed the naira 1 Like |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by Uzosaint(m): 11:59am On Jan 21, 2023 |
Now CBN is acting,nice one. 1 Like |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by bdon123(m): 12:04pm On Jan 21, 2023 |
Bankers working wit politicians to shield stolen wealth by frustrating CBN policy. Something doesn't feel right.why are d banks being stubborn.. 1 Like |
Re: Banks To Pay ₦1 Million Fine Daily Over Failure To Collect New Naira Notes by bonnyhope: 12:16pm On Jan 21, 2023 |
Surprised to get the new note yesterday 1 Like |
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