I don't know where the people managing the fiscal and monetary affairs of this great nation is leading her to....

Yesterday, a colleague who owns a mini supermarket went to deposit some funds in a bank here in Lagos but some of the Note were rejected by the bank for being torn... He inquired why shouldn't a bank which is supposed to serve as a central collection point for this notes to be returned to CBN which in turns prints newer equivalent. But the bank staffs said, they are now being charged a percentage by CBN for MUTILATED Notes hence they don't accept it anymore........

So now how do we change bad notes, since banks and Petrol station will stop collecting it now....I wonder what a country this is...

Tell your friend to give to beggars they will pray for him and he will make new money lol..

planetuzor:
I don't know where the people managing the fiscal and monetary affairs of this great nation is leading her to....

Yesterday, a colleague who owns a mini supermarket went to deposit some funds in a bank here in Lagos but some of the Note were rejected by the bank for being turned... He inquired why shouldn't a bank which is supposed to serve as a central collection point for this note to be returned to CBN which in turns prints newer equivalent. But the bank staffs said, they are now being charged a percentage by CBN for MUTILATED Notes hence they don't accept it anymore........

So now how do we change bad notes, since banks and Petrol station will stop collecting it now....I wonder what a country this is...

I am beginning to agree with Biafrans that Nigeria is a zoo.
I do not know much about the financial system but the legality of this action by the bank is suspect. Rejecting the Nigerian currency within the nations borders is a crime .
Perhaps our in-house lawyers can tell us more

No wonder nobody collects torn or faded out money again when u try using these shitty naira notes to buy something...Leave that mallam exhumed frm d grave of nigeria past up there as president and watch things get worse than all these going on now...Even banks no longer want to risk any loss coz even CBN and all financial institutions in the country are in shambles.

That's not.a bad idea however make dem declare a month to move all torn cash back to the bank.

Its bad so pathetetic.. Too bad

Magas, na still dem go load their ATM on weekends with plenty notes that need different types of surgery so dat after u don withdraw am, u no go fit c anybody to complain to.

Emefiele sef

And what do they want us to do with it?

Throw it away?

No way

Am gonna Sue any bank that reject my money. Mutilated or not

Its non of my business


Next

I am not understanding,

But is it not their responsibility anymore?

Them and petrol stations

Time to take them to museums, if bank no gree collect again...

This is serious.

Wetin come be their job if nt 2 collect multilated notes. Na only notes dah dont av @ least 4 of its numbers dah cn be declined

Carry am go give aboki wey dey sell detergent

Just imagine. Are they now telling us to mint money for ourselves? They are totally wrong. Meet the South African woman that got engaged to erself in the absence of a husband http://www.updatesflow.tk/2017/05/hilarious-meet-south-african-woman-that.html

Try another bank.. Some cashier will be too carried away to notice.

Look at the money. They are too mutilated joor.. Even those one that are torn a little. .People are rejecting them

Where are they bringing the bad note from....?

hidden cash exposed to anti paper termites....
or cash that ware meant to be destroyed returned to the cash flow.... corruption in the bank.

Now if they reject the money who then will accept it? Are they serious. Check out cute photos of Banky W and his wife
http://www.updatesflow.tk/2017/05/check-out-cute-photos-of-banky-w-and.html

They should keep rejecting it till they have no other money to pay those that want to withdraw. SMH
Meet the woman that got engaged to herself because of absence of husband
http://www.updatesflow.tk/2017/05/hilarious-meet-south-african-woman-that.html

I have now come to agree that God is angry with Nigeria.

Yea, diamond bank especially...Nigeria becomes a strange place almost everyday and obviously not for positive reasons

Please go to the link below and like her picture to help this pretty damsel win the contest. Also, please consider tagging your active friends in a comment there... Thanks!

https://m.facebook.com/SourceCrafts/photos/a.1653356431572603.1073741828.1624427551132158/1869867549921489/?type=3&refid=17&ref=opera_speed_dial&_ft_=top_level_post_id.280609645715117%3Atl_objid.280609645715117%3Athid.100012982506451%3A306061129499414%3A2%3A0%3A1496300399%3A-2640662382719170464&__tn__=E

Diamond bank is so guilty of this. Nigeria becomes a strange place almost every day. Sickening

Buhari is evil. He has finally destroyed this country

I AM NOT A PROUD NIGERIAN!!! DAM.N MY COUNTRY!!! EVERYDAY YOU WAKE, IT SEEMS THE NATION SINKS DEEPER INTO THE MUD. **SPITS ON COAT OF ARMS**

ok

This happened to a colleague last week, if you see the way this my guy rake for them hen,,, the manager had to come down to beg him.