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CBN Should Not Print More Than N600 Billion New Notes - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / CBN Should Not Print More Than N600 Billion New Notes (185 Views)

Inflation: Tinubu advised Buhari to print more money - Paul Ibe / Council Of State Asks CBN To Print More Naira Notes Or Recirculate Old Notes / Print More Naira Notes - Tinubu Tells FG (2) (3) (4)

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CBN Should Not Print More Than N600 Billion New Notes by Validated: 11:45am On Jan 30, 2023
According to CBN governor, of the N3.23 Trillion in circulation, only N500 billion is within the banking system. About N2.8 Trillion were trapped in politicans homes with the hope to use such for vote buying.

With this knowledge, Nigerians who actually perform cash transactions could not now need more than N600 billion. Let all the trillions be deposited so that IFRS and EFCC could question the source of such new funds that suddenly appear on some BVN of people who have been stashing and hoarding Naira inside wells and warehouses.

CBN should not mind all those shouting and asking for extension. Also EFCC and DSS should start reviewing accounts where sudden balances become humongous. All such accounts and BVN should attract investigators.

Any amount unaccountable for should be blocked and ceased by FG. We did it to Deziani, we will do same to all corrupt politicians!
Re: CBN Should Not Print More Than N600 Billion New Notes by God1000(m): 11:48am On Jan 30, 2023
The kind of things that happen in this country is beyond my understanding

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