POS wahala: EFCC arrests 80 PoS vendors in Ondo, CBN Ban Banks 4rm Operating PoS

[Coyster]

Opay they fully legal and licensed by the CBN and nobody they close them, neither are they running any illegal service, no mind some funny Nigerians wey they like spread fake news, sometimes i wonder wetin some of them they gain by spreading fake news. See the link wey CBN debunk the news are being fake: https://www.premiumtimesng.com/news/more-news/589981-cbn-debunks-viral-news-suspending-opay-palmpay.html

Shey una dey see the country we dey inside, no be everything wey dey blame government.

Baba na everything i go blame government oh, every problem stems from them, na their evil and bad policies they give evil and greedy Nigerians the opportunity to hijack it and use it to their advantage. You wan run cashless/withdrawal policy when you never ready, the implementation they like when SS3 senior prefect they implement new rules to follow for school. Naija policy formulation (the Executive) arm of government they very clueless. You see say cashless policy no work, you had to wait for protests, destruction of banks and govt properties, hunger and frustration, threat of strike by NLC, etc, before you go act, no care whatsoever for the wellbeing of Nigerians. The poS operators had to buy the money from big businesses and bank managers, and i know selling the Naira is a crime, but na evil policy wey precipitate that action.

[CryptopreneurBrainboss]

Baba na everything i go blame government oh, every problem stems from them, na their evil and bad policies they give evil and greedy Nigerians the opportunity to hijack it and use it to their advantage. You wan run cashless/withdrawal policy when you never ready, the implementation they like when SS3 senior prefect they implement new rules to follow for school. Naija policy formulation (the Executive) arm of government they very clueless.

Making sense as the government demselves no try for this wan wey dem do. Me I believe say this their policy no been pure form day 1, like them no be wan really bring cashless policy. Them supposed dun do their research and see say e no go work for the country but their selfish propaganda na him make them continue with the policy and e still no work in their favor (abi na disguised strategy wey dem use to stay in power) because dem still rig the election from the top so maybe them make the economy unfavorable so other politicians no go see cash use work and them go get free pass.

The poS operators had to buy the money from big businesses and bank managers, and i know selling the Naira is a crime, but na evil policy wey precipitate that action.

Why dem no dey go after the bankers then, why them dey go after the weaker side involved in the business, dem for go after the bankers so this kind thing no go repeat itself again but instead them dey go for the common man wey no sabi him right to fight for himself as them go use power use intimidate am. Once again our law enforcement agency dey fail us.

[Coyster]

(abi na disguised strategy wey dem use to stay in power) because dem still rig the election from the top so maybe them make the economy unfavorable so other politicians no go see cash use work and them go get free pass.

Baba nothing about government don confuse me like this policy, lol. I mean, i no fit guess the reason for its implementation, so many people they bring their ideas and all of them they make sense, even the one you talk now make sense. When the policy land, we been think say na make election they credible, people been even talk say PMB no like Tinubu, lol, after the election we come find out say no be so oh, but then again we go come remember say na APC governors been they fight the policy pass, if it was to help them, why them come they fight am like mad. The whole matter they very confusing, lol, but thank God say cash don they flow back into the economy small small, but based on say government first wait make protests happen, destruction of banks, loss of a few lives, collapse of microeconomics, etc, before them and CBN act, show say them no they ever care for the common man for this country.

[Dr.Bitcoin_Strange]

I dey understand say this people dun confess say dem dey buy this money from banks but no be the same banks wey dey say dem no get cash. Shey una dey see the country we dey inside, no be everything wey dey blame government. Shall how una see the development, e good as EFCC dey go after this POS businesses or you dey feel say na another misplaced priority?

misplaced priority.
The goal of any business is to make a profit rather than a loss. In a situation where a POS vendor goes to buy money at the bank, what is expected of them? Definitely, they would also want to make a profit. I'm not sure how much it may have cost them to buy the money from the bank, but if a POS vendor goes to the bank to buy $1000 and is charged $10, the vendor is only left with $990, and to cover his cost and make a profit, he would need to charge customers more than usual so that they get at least $1005 (or $1010) and make a profit of $5. POS vendors are trying to make their profit, while bankers who are selling the money are supporting the corruption that is still preached about. The EFCC is not supposed to be against POS vendors alon but rather against bankers who are selling money.

CryptopreneurBrainboss, a lot of people in the country are just fighting for their selfish interests. Some minor issues are not just from the government but from individuals who really think they should take advantage of the office they are in. Sometimes I just wonder if there could be a solution to this selfish interest that a lot of citizens are really only concerned about.

[CryptopreneurBrainboss]

Baba nothing about government don confuse me like this policy, lol. I mean, i no fit guess the reason for its implementation, so many people they bring their ideas and all of them they make sense, even the one you talk now make sense. When the policy land, we been think say na make election they credible, people been even talk say PMB no like Tinubu, lol, after the election we come find out say no be so oh, but then again we go come remember say na APC governors been they fight the policy pass, if it was to help them, why them come they fight am like mad.

No be lie my brother, na this particular nnarraybeen sell pass as since tinubu no be get support among the youths, we believe say Buhari get our best interest not knowing that Asiwajydeg go direct to INEC and not all this other small holes wey the giveenmubeen dey try cover abi dem follow dey I. With the plan wey be say dem go convince is say Asiwaju wan rig the election with vote buying so we no go out eye for INEC mata. After the election, another narrative been come out oh wey dem say the CBN governor was working with Atiku. Say the Vice of Atiku was from the CBN governor side and them follow work together to frustrate Asiwaju to no get money meanwhile Atiku been dun get enough bags ready to spend.

The EFCC is not supposed to be against POS vendors alon but rather against bankers who are selling money.

CryptopreneurBrainboss, a lot of people in the country are just fighting for their selfish interests. Some minor issues are not just from the government but from individuals who really think they should take advantage of the office they are in. Sometimes I just wonder if there could be a solution to this selfish interest that a lot of citizens are really only concerned about.

You no lie at tall with this your story e come be like na we be our own problem self. Our people say, if oil dun rub the upper side of the lips, nothing go make dat person close mouth unless the oil go touch the down side of the lips and na wtin dey happen be that. Even the EFCC wey dey wake to dey arrest no dey clean so how dem wan go dey attack those wey no how far if them do, dem fit no get anything but you see this POS people dem dey arrest so, chopping go come out and na their plans all along.