AdaojoTheUrchin:


Yesterday, I told my car wash guy that he shouldn't bother about the notes, it will be extended by a few days, when he expressed fear about collecting my N1,000 notes.

We all know the aim is not make life difficult for the masses but for those political criminals stocking money for vote buying.
They will cry to high heavens.

iwaeda:

CBN is not really prepared to be honest. ATMs still paying old notes. But this hit BAT like sticks.

Iamgrey5:
"You mean Urchins(code word for Yorubas)" in Peter Obi supporters voice.

Because most Peter Obi supporters are high on something at this moment.

Peter Obi supporters are immune from the current economic situation.

maasoap:


Now all of a sudden, Buhari just started to care about you, right?
The truth is that some of you, Zombiedients think this will make Supreme Monkey our next president. Lol

dustmalik:
The funny thing is, when this policy comes into full effect and people start to see the drawbacks of it, these same people supporting it will be the ones to turn around to blame Tinubu and APC.

The problem we have is lack of foresight. Yesterday alone, two people made transfer to me and I didn't receive their transfer for hours, I didn't get an alert and the value of the transfers also didn't reflect in my bank app. Sometimes it takes unreasonable amount of hours for transfers to reflect.

Imagine you go to a shop to buy something and you make a transfer. The seller says he hasn't receive the transfer. Will you wait for hours?

People are going to experience a lot of drawbacks, including delayed transfers, failed transfers, fake transfer alerts are going to be rampant.

The simple truth is that, the whole system is not ready or prepared for this policy.

maasoap:


No, it didn't! You're denser than I thought if you think this affects any politician who needs cash for the next election.
How many politicians have you seen queuing at the ATM, banking halls or caught moving money around? Chai! They're using your head to play ludo

justmondris:


It’s the wicked commercial banks and the corrupt politicians that are stressing the masses. The problem is that the cabals cannot swap their billions of Naira that are buried in the soakway to the new notes.

Nemere2020:


https://tribuneonlineng.com/cash-swap-nigerians-react-over-cbn-fresh-deadline/

jumper524:
All these one sided make way news.

The reality on ground is that here in Abuja when bank choke everywhere. People are relieved by the extension.
I wonder how states like kogi, kwara and all those state when robbers Don pursue bank go take cope.
POS operators and other business that weren't willing to risk it were stale yesterday. They had very few patronage cos even those that have it were not willing to spend it yet.
To those Dull brains who think this policy affects politicians, those mumus should think Again.

Didn't you observe how big men were packing tons of new cash from banks easily while you que at the Atm?
Those big men and politicians are the first holders of this new cash.
Bank managers are cashing out big on them, they'll sell 70% to the elites and leave you the plenty massed to struggle for 30% assume this extension didn't happen and people become more stranded till election period, vote buying would be much cheaper and easier cos scarcity of money brings value.

jumper524:
All these one sided make way news.

The reality on ground is that here in Abuja when bank choke everywhere. People are relieved by the extension.
I wonder how states like kogi, kwara and all those state when robbers Don pursue bank go take cope.
POS operators and other business that weren't willing to risk it were stale yesterday. They had very few patronage cos even those that have it were not willing to spend it yet.
To those Dull brains who think this policy affects politicians, those mumus should think Again.

Didn't you observe how big men were packing tons of new cash from banks easily while you que at the Atm?
Those big men and politicians are the first holders of this new cash.
Bank managers are cashing out big on them, they'll sell 70% to the elites and leave you the plenty massed to struggle for 30% assume this extension didn't happen and people become more stranded till election period, vote buying would be much cheaper and easier cos scarcity of money brings value.

nedekid:

In civilized world they don't handle cash as we do. They use cashless payment.

omoyami:
What CBN ought to do was to print more of ₦100. The new currency policy states that the ₦1000 and ₦500 notes shall be the store of value. That new ₦200 and lower denominations should be loaded unto the ATMs. So, more of lower denominations should have been our alternatives while they mop up the old ₦1000 and ₦500 notes in the circulation.

It's going to be difficult for politicians to store lower denominations because of the bulkiness.

Wiseandtrue:
If you know that the government will extend it from the onset

Gather here 🙋🙋‍♀️🙋‍♂️

mylove4God:

I no even blink.. Still had my old naira notes with me. This is Nigeria, every mandatory dates definitely gets postpone. NIN registration is still ongoing, despite all the threats