Yobe Banks Have Diverted N4.3bn New Notes - MFB Official Cries Out

Date: 08-02-2023 4:11 pm (1 year ago) | Author: Bayo Nelson
- at 8-02-2023 04:11 PM (1 year ago)
(m)

The Managing Director, Yobe Microfinance Bank, Sheriff Almuhajir has raised an alarm about alleged illegal activity of banks given the new naira notes totaling N4.3 billion. He alleged on Tuesday that the sum of N4.3 billion disbursed by the Central Bank of Nigeria to banks in the state had been diverted. Punch reported that Almuhajir made this allegation in a 4:31-seconds-video footage posted to his Facebook handle.
 
He said, “I want to tell you that I got reliable information that the Central Bank of Nigeria, Damaturu Branch, has disbursed the sum of 4.3 billion naira to banks in Yobe State. “And more than N700 million of the amount was meant for PoS (Point of Sales) agents.”
 
He alleged that the N4.3 billion disbursed to commercial banks was not in circulation in the state, accusing some bank managers of diverting the funds out of the state. “But the question I want to ask here is, where is this money?” he lamented. He further alleged that the new naira notes currently in circulation across the state were not up to one billion Naira, stressing that even if the ATMs (Automated Teller Machines) would be dispensing cash every minute, the amount could not be withdrawn in a week.

“What is the population of Yobe State? “How many commercial banks do we have in this state? How many ATMs do we have?,” he quried.
 
The microfinance bank MD noted that Yobe State does not have up to 50 functional ATMs for people to withdraw N4.3 billion in a short period of time. Almuhajir added that some Points of Sale operators provide better services than most commercial banks operating in the state.


Posted: at 8-02-2023 04:11 PM (1 year ago) | Addicted Hero
- fineboy77 at 8-02-2023 05:13 PM (1 year ago)
Online (m)
Just imagine

Posted: at 8-02-2023 05:13 PM (1 year ago) | Addicted Hero
Reply
- kp45 at 8-02-2023 05:20 PM (1 year ago)
Online (m)
Fools has tried
Posted: at 8-02-2023 05:20 PM (1 year ago) | Addicted Hero
Reply
- gogoman at 8-02-2023 05:41 PM (1 year ago)
(m)
untill all of una love that country to make it work Roll Eyes Roll Eyes Roll Eyes
Posted: at 8-02-2023 05:41 PM (1 year ago) | Grande Master
Reply
- Olandetujaa at 8-02-2023 05:46 PM (1 year ago)
(m)
You are raising false alarm, what do you expect? You mopped up 4trillion and you disbursing 300b, have you not created scarcity already.
Posted: at 8-02-2023 05:46 PM (1 year ago) | Gistmaniac
Reply

fire TRENDING GISTS fire

TODAY'S TOP
  1. DHQ Finally Releases Photos And Names Of Soldiers Killed In Delta Attack

  2. Teenage Boy Nabbed For Raping 11-Year-Old Schoolmate In Rivers

  3. She Paid For My 1st Song, Believed in me When Others Mocked me- Kizz Daniel Opens Up About Wife

  4. VIDEO: Nigerian Man Drags Wife to Court Over Genotype of Their Son Who is SS

  5. The House Of Rep Member Is In Opposition Party - Soludo States Why He Didn't Construct Road

  6. Nigerian Man Breaks Down in Tears After Using His Mother’s N8m to Play Sporty Bet, Loses All

  7. VIDEO: Peter Obi Spotted At Central Mosque To Break Fast For Ramadan

  8. VIDEO: My Child Trying To Mess Up My Career - Mimi Orjiekwe Embarrassed As Daughter Exposes Her

  9. "I’m Afrobeats Leader Worldwide" – Davido Brags

  10. Man Who Renounced Nigerian Citizenship Says He Has No Regrets

  11. BBNaija's Angel Slams Trolls Following Speculation Of A Breakup With Soma

  12. 'This Entertainment Industry Is So Dark Cos People In It Are So Envious, Evil' - Actress Uche

  13. I’ll Not Leave My Husband For Having Child Outside Our Marriage Says Blessing CEO

  14. Singer Spyro Sends Strong Message To Men About Beautiful Women

  15. Businessman Tunde Ayeni Bars Ex-Mistress Ms Alagwu And Daughter From Using His Name

  16. "I’ve Forgiven Davido For ‘Disrespecting’ Me" - Samklef

  17. Fear, Tension As Bandits Kidnap 87, Loot Shops In Fresh Kaduna Attack

  18. Court Sentences Five Persons To Death For Killing Rivers Vigilante Commander

  19. "Why Actresses Might Command Higher Salaries In Nollywood" - Veteran Actor, Norbert Young

  20. 6 Suspected Yahoo Boy Jailed In Ilorin


THIS WEEK
  1. Nollywood Actor, Amaechi Muonagor Seeks Help From His Sick Bed

  2. Royal Joy As Ooni Of Ife Welcomes Twins With His Third Wife, Olori Tobi Philips-Ogunwusi

  3. President Tinubu Appoints First Female Director-General Of NEMA, Zubaida Umar

  4. Motorist Calls Out Actor Somadina Adinma For Being A Celebrity And Trekking In Public

  5. Following Recent Divorce Saga, Nigerians Dig Up Abusive Past Of Modupe Alakija

  6. Customs Intercepts Ammunition Worth Over Half A Billion Naira Concealed In Sacks Of Garri

  7. See Full Lists Of Venues Of Lagos 25% Discounted Food Markets ‘Ounje Eko’

  8. Can of Worms! Obasanjo’s Biological Father An Igbo Man From Onitsha – Rtd Col Majekodunmi

  9. Drink Your Tears, Cry Blood, I’m Married” – Queen Throws Shades As She Flaunts Her Ring (VID)

  10. "How Tinubu And His Colleagues Failed Nigeria In 1999" - Pa Ayo Adebanjo


TOP MEMBERS: