You failed totally one bundle of 1000 Naira is 500,000 Naira.
Another point of correction such money can be counted more than ten days if it was single teller handle it because the money was counted and recorded not trow into dustbin also consider the brake hours.
Try visit bank bulk room one for more experience.

muyoge:
Below is the full analysis for such counting.

1.2 billion naira is 100 million naira in 12 places.
one bundle of 1000 naira notes is 100,000 naira.
10 such bundles make 1 million naira.
100 ×10 such bundles = 100 ×1 million naira.
1000 bundles =100 million naira
12× 1000 bundles = 12×100 million naira
12,000 bundles = 1200 million naira
12,000 bundles = 1.2 billion naira.
12,000 ×100 (1000 notes)=1.2 billion naira.


There are 1,200,000 one thousand naira notes in 1.2 billion naira.

Even if we have everything as 500 naira notes, that would be 2,400,000 five hundred naira notes. Could counting 1,200,000 (#1000 notes) or 2,400,000 (#500 notes) take 10 days??!!!!!!!!


If it takes a machine to count 100 (#1000) notes in 15 secs,then 12,000(100 one thousand naira notes) will take 12,000 ×15 =180000seconds

180000secs÷60=3000mins

3000mins÷60=50 hours

How then could 50 hours become 10 days?

hotice01:
How can u use 10 working days to count 1.2billion Naira.And he is a bank manager.....
Bankers in the house how long does it take to count 100million Naira?
Remember the money was mostly in 1000 Naira notes,plus they used counting machines.The number of people involved in the counting and machines used wasn't stated but it's obvious this guy is lying about the amount of time if took them to count the cash!

PS- I'm not defending anyone,just been logical!

This Buhari govt is full of propaganda frm day one, they want to nail Gov Fayose by all means, ans it will nit happen, the man is stronger than they expected!

Ekpekus:
24hours x 10 days = 240hrs..

For 1.2BN. Is the money in #20 denominations

Why would they spend 24 hours counting money?
Let's b a lil logic here.
Do u think they will not answer other customers?
Do u think they will spend more than 8 hours daily counting that money?
Have u ever used a counting machine?
Do u know that sometimes, some notes get stuck and that might cause delay?
How many counting machines does a bank have?
Will they now use all d counting machines for this?
How many staffs were asigned to this assignment?
How much do u think a branch of a zenith bank in akure/ekiti will have in their possession daily?
Do u know that 10 bails of 1000 naira notes is just 1 million? 100 bails is 10 million. 1000 bails is 100 million. Then going by 1000 naira notes alone, how many bails will 1billion naira amount to?

ZUBY77:


You are right.
However, idiooots will believe whatever they see on any media outlet too.

Absolutely,

But only a fool can identify idioots

muyoge:
Below is the full analysis for such counting.

1.2 billion naira is 100 million naira in 12 places.
one bundle of 1000 naira notes is 100,000 naira.
10 such bundles make 1 million naira.
100 ×10 such bundles = 100 ×1 million naira.
1000 bundles =100 million naira
12× 1000 bundles = 12×100 million naira
12,000 bundles = 1200 million naira
12,000 bundles = 1.2 billion naira.
12,000 ×100 (1000 notes)=1.2 billion naira.


There are 1,200,000 one thousand naira notes in 1.2 billion naira.

Even if we have everything as 500 naira notes, that would be 2,400,000 five hundred naira notes. Could counting 1,200,000 (#1000 notes) or 2,400,000 (#500 notes) take 10 days??!!!!!!!!


If it takes a machine to count 100 (#1000) notes in 15 secs,then 12,000(100 one thousand naira notes) will take 12,000 ×15 =180000seconds

180000secs÷60=3000mins

3000mins÷60=50 hours

How then could 50 hours become 10 days?

Good, u got 50 hours and that's just a little above 2 days.
Now consider all these. Unpacking and repacking. Puthing the bails in new zenith bank wraps.
Recording. Money getting stuck in machines.
Those counting taking breaks at intervals.
And from your conclusion, will they spend the whole day counting? Will they be sleeping in the vault? Haba.
If going by your 50 hours, do u think they will be spending beyond 8 hours on it daily. That's 6 days , then running till 7th day. Going by that kind of transaction, it's possible it runs into the 10th day.
Lemme even ask u this. The branch of zenith bank they are talking about in akure/ekiti, 1.2b naira cash? Go and ask them, they might have never had any cash beyond 100 million daily before since the opening of that branch

The DSS will b nailing themselves if it took dis number of days 4rm proffesional bankers 2 count 1.2billion how come it took Dss hour 2 count billion 4rm Judges house? Just curious

Ten days to count Fayose's campaign fund donated by Goodluck Donatus ...O my God,the man was a billion even before he contested election. If Obj made 25 people bilionaires in Naija,am sure Goodluck made 250 people billionaires during his Bazar reign

Dmano:
The DSS will b nailing themselves if it took dis number of days 4rm proffesional bankers 2 count 1.2billion how come it took Dss hour 2 count billion 4rm Judges house? Just curious

As per the judges, they will only count the bails. And remember, they said hard currencies were part of those that made up the money with the judges.
The bank on the other hand, would count the pieces that made up the bundles.

deolu2000:
All i see here are lies, you counted 1.2b for 10days? Thats two weeks without doing another thing in that branch? Or they only counted 100k/day ni? Anyway, i know you are lying but continue.

Try and analyse the matter before running into conclusion.

He never stated that they didn't do anything in the branch during the period. If it's a busy branch, they have only 2 people to spare for the counting.

They can't shut down their operation because they want to count cash.

1.2billion to be counted in 10days equals 120million per day.

120million per day equals 120,000 notes of 1000naira or 1200bundles.

120million per day equals 240,000 notes of 500naira or 2400bundles.

It is possible to use 10days to count such cash, but also very possible to count in lesser days if they have more hands and they are not bothered by other matters.

How can u use 10 working days to count 1.2billion Naira.And he is a bank manager.....
Bankers in the house how long does it take to count 100million Naira?
Remember the money was mostly in 1000 Naira notes,plus they used counting machines.The number of people involved in the counting and machines used wasn't stated but it's obvious this guy is lying about the amount of time if took them to count the cash!

PS- I'm not defending anyone,just been logical!


[/b]
Please mind you that the Branch has other customers they attend to, and not that they have closed the Branch to count only the N1.2Billion.
Thank you [b]agabusta Your explanation is very clear. And the number of days the Branch manager mentioned is very possible. Because i was a Branch manager too, i know what entails for a bulk teller to count such huge amount of money couple with other operating procedures in counting cash like checking of fake notes etc.

muyoge:
Below is the full analysis for such counting.

1.2 billion naira is 100 million naira in 12 places.
one bundle of 1000 naira notes is 100,000 naira.
10 such bundles make 1 million naira.
100 ×10 such bundles = 100 ×1 million naira.
1000 bundles =100 million naira
12× 1000 bundles = 12×100 million naira
12,000 bundles = 1200 million naira
12,000 bundles = 1.2 billion naira.
12,000 ×100 (1000 notes)=1.2 billion naira.


There are 1,200,000 one thousand naira notes in 1.2 billion naira.

Even if we have everything as 500 naira notes, that would be 2,400,000 five hundred naira notes. Could counting 1,200,000 (#1000 notes) or 2,400,000 (#500 notes) take 10 days??!!!!!!!!


If it takes a machine to count 100 (#1000) notes in 15 secs,then 12,000(100 one thousand naira notes) will take 12,000 ×15 =180000seconds

180000secs÷60=3000mins

3000mins÷60=50 hours

How then could 50 hours become 10 days?

What about time for stamping, break to put bundle so averagely u have 45sec pay bundle.. . So that's 150 hrs and 15 hrs per day
So it makes sense

10 days to count 1.2bn! I don't believe it, I smiles lies. Just being logical.

Ekpekus:
24hours x 10 days = 240hrs..

For 1.2BN. Is the money in #20 denominations

your brain needs examination, so they won't sleep at all? Eat $relax some times, fools plenty here. To think he meant straight 24 hours I just wonder how dumb people full this forum like this.

Ekpekus:
24hours x 10 days = 240hrs..

For 1.2BN. Is the money in #20 denominations

hahaha. no mind them good 10 days. who are the us, how many hours did it take the DSS to count those money seen in the judges home.

ventilation:
your brain needs examination, so they won't sleep at all? Eat $relax some times, fools plenty here. To think he meant straight 24 hours I just wonder how dumb people full this forum like this.

Mr. brain everyone is entitle to his/her opinion. since you have so much computing power in you brain, please tell us how many hours was used in counting that amount of money in 10days

agabusta:


Try and analyse the matter before running into conclusion.

He never stated that they didn't do anything in the branch during the period. If it's a busy branch, they have only 2 people to spare for the counting.

They can't shut down their operation because they want to count cash.

1.2billion to be counted in 10days equals 120million per day.

120million per day equals 120,000 notes of 1000naira or 1200bundles.

120million per day equals 240,000 notes of 500naira or 2400bundles.

It is possible to use 10days to count such cash, but also very possible to count in lesser days if they have more hands and they are not bothered by other matters.

even at that bro, having two hands and a counting machine for a cash that you are not the ones sorting from pieces but crosschecking bundles of money, 10days is still much. well i rest my case. But i like your analysis though it shows your deligency.

There is a lot of wastage in this country.

The mode the then president spent his security vote, the other former president also got their security votes and spent on wastage.

The governors also spend their security votes in such reckless ways.

It took you 10 days to count the N1.2b. Was it done manually by hand or with a counting machine? If it was done with a counting machine it cannot be up to 10 days. This is number 1 lie.

AWONEYAN:
Really?
As these evidence are rolling in, some 1will still claim he is saint Peter the rock.......
Obanikoro opened up, you said he was compromised.....
The pilot who assisted in carrying the loots talked. You said na set up......
Another person don talk how then count now.....we are waiting for your usual distractive defence , the ponmo cutting governor

And you believe with counting machine, the money was counted for 10days?

AWONEYAN:
Really?
As these evidence are rolling in, some 1will still claim he is saint Peter the rock.......
Obanikoro opened up, you said he was compromised.....
The pilot who assisted in carrying the loots talked. You said na set up......
Another person don talk how then count now.....we are waiting for your usual distractive defence , the ponmo cutting governor

And you believe with counting machine, the money was counted for 10days?

AWONEYAN:
Really?
As these evidence are rolling in, some 1will still claim he is saint Peter the rock.......
Obanikoro opened up, you said he was compromised.....
The pilot who assisted in carrying the loots talked. You said na set up......
Another person don talk how then count now.....we are waiting for your usual distractive defence , the ponmo cutting governor

And you believe with counting machine, the money was counted for 10days?

Let face issue at hand, some are worry about numbers of day used t
o count,forgets that this cash was meant to cater for our security's.

OK I hear you

hotice01:
How can u use 10 working days to count 1.2billion Naira.And he is a bank manager.....
Bankers in the house how long does it take to count 100million Naira?
Remember the money was mostly in 1000 Naira notes,plus they used counting machines.The number of people involved in the counting and machines used wasn't stated but it's obvious this guy is lying about the amount of time if took them to count the cash!

PS- I'm not defending anyone,just been logical!

I am not in doubt that it might take them 10 days to count that money, being logical lemme explain how it works for you.....

1. The bank staff that counted the money are not special people that were recruited to count Agbele's money.
2. They are the same staff that still have their normal daily work routine which they are to attend to.
3. Ado Ekiti is not really a commercial hub like Lagos, Abuja, Portharcout, Warri that will have large number of staff.
4. I doubt if they will even have a bulk room, even if they have they might not have more than 2 staff and three front tellers that will be attending to customers.
5. Assuming that the bulk room was cancelled for the time being just to count that money, i did not see a situation where the bank will draft staff from other branch to the Ado ekiti branch just to count money (That is even if there is another branch of Zenith Bank in Ekiti) not to talk of sending in staff from other locations to Ado Ekiti just to count Agbele's Money.
6. The same counting machines they will use to count the N1.2billion naira is the same they have been using to attend to customer. So i dont see a situation where they will have to buy other counting machines or request for other ones just because of Agbele's money which is just a one off transaction (Who bear the expenses for that?)
7. So, i don't foresee a situation where they will ground all other activities of the branch nor ask all staff to join hands all because they want to count Agbele's money
8. Counting of Money is not that easy per say, anyone that has been in a bulk room will attest to it. You unwrap the money, count using the machine and in case the machine did not count correctly, you need to confirm by counting with your hand after which you wrap again and append your signature. The essence of putting your signature is for confirmation that you counted the money correctly and if anything happened to it you will be held responsible if another person want to confirm the money.
9. If they did not take their time to count, how will they find out that N80million naira is missing out of the money because there was a report that the money was short of N80million after counting which caused argument between Obanikoro and Fayose.

I doubt if more than 3 people counted the money. I also doubt if it is not the same cash centre that service Akure also service Ekiti. Even to count N50million naira will take you hours in a location like Ekiti which does not have a big branch like major city centers we have in the country.

This is just my opinion

Ekpekus:
24hours x 10 days = 240hrs..

For 1.2BN. Is the money in #20 denominations

So when you are employed by a company, you will spend 24 hours of your life at the company! You won't go home, you won't have a family or you won't have friends. OK o.

redcliff:


Bros dont talk like that. You have not been where money is being counted before. I dont doubt it. Even if its in 10k notes. If they are counting with hand, it would probably take that long

bro, only those of us that count bulk cash knows the truth. If the said money has been kept for a long time on the floor without movement, those guys that counted it in 10 days. Theres no way a counting machine can count even a packet without u hitting it severally on a hard surface to soften it...

MosquitoREBIRTH:
bro, only those of us that count bulk cash knows the truth. If the said money has been kept for a long time on the floor without movement, those guys that counted it in 10 days. Theres no way a counting machine can count even a packet without u hitting it severally on a hard surface to soften it...

Are u supporting or against me?

hotice01:
How can u use 10 working days to count 1.2billion Naira.And he is a bank manager.....
Bankers in the house how long does it take to count 100million Naira?
Remember the money was mostly in 1000 Naira notes,plus they used counting machines.The number of people involved in the counting and machines used wasn't stated but it's obvious this guy is lying about the amount of time if took them to count the cash!

PS- I'm not defending anyone,just been logical!

I'm sure they wouldn't want to spend the whole day counting illegal money when they have other daily jobs to do.

So the ekpas n Igbos think fayose owns d bank n staff that they should stop all der usual duties n sit down 247 2count his stolen money....nt surprised though,keep defending corruption with ur slavery mentality when others are moving ahead

Pls help me out. How many millions make 1billion.All these figures don confuse me.

What I am after is how much the people that counted the money got as TYS.... Cos it will be wickedness if they were not given anything... TYS MEANS THANK YOU SIR