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Nairaland Forum / Nairaland / General / Politics / Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! (6889 Views)
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Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by chinchum(m): 8:34am On Sep 16, 2015 |
GabrielSuswam:Touche ! Nigerians tend to look at things with myopic eyes and maybe forget we are over 180 million in the country. |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by luvinhubby(m): 8:35am On Sep 16, 2015 |
Flets:SPOT ON |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by Nobody: 8:35am On Sep 16, 2015 |
I pray they sack one particular loan manager in UBA who jacked my loan interests from 23% to 27% 1 Like |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by HzRF(m): 8:37am On Sep 16, 2015 |
Jwhizzy:Hypocrisy Banks needs money to survive Source of their survival is being shaken since agency no longer use their banks Will they still allow pple with no duty to continue |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by asha80(m): 8:39am On Sep 16, 2015 |
luvinhubby:you wicked oo ..hope nothing happens to my guys in banks ![]() |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by Nobody: 8:40am On Sep 16, 2015 |
gnykelly: From where? A vast percentage of depositor funds in banks is from govt MDAs. How many of your big men keep money in Nigerian banks? What will transpire is higher interest rates and antecedent inflation. 1 Like |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by HzRF(m): 8:41am On Sep 16, 2015 |
GabrielSuswam:Lol keep fooling yourself U mean civil servants goto banks operating their agency acctand withdraw 800 million to buy house It hw much they remit to the TSA that count They would still steal if they want Left to ur body odour bubu Kardashian to fish dem out 4 Likes |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by Nobody: 8:42am On Sep 16, 2015 |
[size=18pt]3 to 4 mths down the line, the federal govt through the ministry of finance will partly rescind this policy by allowing a select few banks to hold and collect MDArevenue. You can bet that Unity Bank (formerly bank of the north ) and Jaiz bank will make the cut! This is just the Begining of northern consolidation of powere in all spheres![/size] 8 Likes 4 Shares |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by mrmetoo1: 8:45am On Sep 16, 2015 |
Wailers!! When this TSA news broke first and everyone was hailing it, they said it was a GEJ initiative. Now that this nonsense news with no credibility is flying around, it's a Buhari's thing. Very soon when we start seeing positive results from this TSA, it'll go back to being a GEJ thing. The wrong way of doing things has eaten so deep in the fabric our society that when someone tries to do right, people complain/wail. How people do not see that this is to the benefit of every Nigerian in the long run is beyond me. That TSA money will still circulate, as long as it circulates it'll still end up in banks in the right way. Banks just enjoy money from govt because they know they can cut a deal with these officials to divert/keep some of these funds from public view, it's relatively easy money for them. Banks now have to work extra for their money, if they have to appeal to individuals to come use their banks they'll probably be forced to improve service (even though I have to say the banking sector in Nigeria is one of the best sectors in terms of customer service.. IMHO) 2 Likes |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by gnykelly(m): 8:45am On Sep 16, 2015 |
WombRaiders: most5 banks makes hell of money from the forex windfalls through roundtrip they can use that to run lending. as govt intend to open up mining. |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by luvinhubby(m): 8:47am On Sep 16, 2015 |
GabrielSuswam:The Nigerian private sector economy is bank driven and a large chunk of these deposits come from govt. MDAs, TSA is a welcome development, but the issue is that it is better done in phased withdrawals that the shock impact can easily be cushioned by the banks without adverse effect on the workforce and economy. With the JP Morgan bond index withdrawal and the aggressive TSA implementation, the stage is being set for banking collapse in Nigeria as both local and foreign source of credit facilities to Nigeria businesses and manufactures is being choked badly and i hope guys like you are prepared this. 1 Like 1 Share |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by Nobody: 8:47am On Sep 16, 2015 |
mrmetoo1: GEJ's policy for TSA was geared to revenue collection only ! The new TSA being rolled out mandates that all MDAs budgetary allocations as wells revenue be domicilled in one single account! This is where the major difference lies! 1 Like |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by Nobody: 8:49am On Sep 16, 2015 |
gnykelly: You forget that forex trading has become highly restricted under this current administration in order to stall the naira's devaluation. And besides the economy is grinding to a halt and most entrepreneurs and govt contractors are not sourcing for forex as they used to. 1 Like 1 Share |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by luvinhubby(m): 8:50am On Sep 16, 2015 |
gnykelly:Which they will get from where pls? 2 Likes |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by Nobody: 8:53am On Sep 16, 2015 |
Banks like zenith and fidelity can pull through by going to the SS and SE states respectively . A bank like WEMA is destined for failure. 1 Like |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by GabrielSuswam(m): 8:57am On Sep 16, 2015 |
HzRF: Why The Insults? Pls Seen...Thank You |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by Nobody: 9:00am On Sep 16, 2015 |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by baralatie(m): 9:05am On Sep 16, 2015 |
Flets: 1000001 likes |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by baralatie(m): 9:07am On Sep 16, 2015 |
WombRaiders: hmmmmmm! this your hypothesis of Pmb hian! God Forbid ooo! |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by gnykelly(m): 9:14am On Sep 16, 2015 |
luvinhubby: in a capitalist economy banks are positioned not to fail. if the amount moved out of the bank is 10% of its current deposits. CBN will reduce cash reserve ratio by 10 basis point. |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by gnykelly(m): 9:18am On Sep 16, 2015 |
WombRaiders:you're right the CBN will relax on its monetary policy. 1 Like |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by luvinhubby(m): 9:21am On Sep 16, 2015 |
gnykelly:Face all directions, what is the percentage of MDAs funds being withdrawn (very huge), what is the effect of CBN reducing cash reserve ratio, inflation and a huge one at that and moreover, where will the banks get the cash to reserve at whatever ratio? Guy this is bad news anyhow you look at it. |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by gnykelly(m): 9:34am On Sep 16, 2015 |
luvinhubby: brother it is not. |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by luvinhubby(m): 9:39am On Sep 16, 2015 |
gnykelly:It is already, 11,600 middlemen gone. |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by hinwazaka: 9:40am On Sep 16, 2015 |
The TSA implementation might hurt our economy in the short run but in the long run will help in establishing transparency and increasing the governments revenue. But it will affect the liquidity of the markets, since money in the reserves of the banks which actually belong to the government will be taken back. What would help to cushion the effect, will be for the CBN to reduce the cash reserve ratio of the commercial banks by 5% in order to allow for the banks to be able to acquire more liquidity. But unfortunately our OLODO APC government does not know this. |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by gnykelly(m): 9:41am On Sep 16, 2015 |
luvinhubby:the banks has not said they will sack hope you read the contents |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by luvinhubby(m): 9:47am On Sep 16, 2015 |
gnykelly:They have started sacking, 3 banks including Zenith sacked last week. |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by anigbajumo(m): 9:47am On Sep 16, 2015 |
naijathings: After u defined Newton third law of motion successfully,u dnt need to add impurities. "sometimes adverse reaction follows" Lolz |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by Nobody: 10:07am On Sep 16, 2015 |
baralatie: Dey there... This is how Sanusi nearly destroyed SW interests in the banking sector. How can Intercontinental Bank be in more serious threat than Unity Bank. Think! 1 Like 1 Share |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by shaddoww: 10:07am On Sep 16, 2015 |
Whose responsibility is it to keep money for the government in d first place? Commercial banks have no business doing business with government money, dey are suppose to have their own Capital for investment, they should start looking at investing in housing, agriculture, granting loans to small n medium enterprise n other business they are supposed to do rather dan sit on government's money |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by Nobody: 10:11am On Sep 16, 2015 |
shaddoww: You have no single sense at all. Do you know the almighty US dollar is not minted or controlled by the US govt? Do you know that the US Federal Reserves is a private entity owned by a conglomerate of Banks? 1 Like |
Re: Breaking!! TSA Impact!! 11600 Bank Workers To Be Sacked!! by baralatie(m): 10:13am On Sep 16, 2015 |
WombRaiders:actually Pmb needs an economic Think tank |
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