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Nairaland Forum / Nairaland / General / Business / 15-Year-Old ₦500 Note Currently In Circulation (Pictured) (91415 Views)
It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 / Video Of Nigerians Arriving CBN Office With Sacks Of Old ₦500 And ₦1,000 Notes / Fisayo Fosudo Redesigns The ₦500 Note Through Photoshop (2) (3) (4)
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Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Penguin2: 4:54pm On Nov 01, 2022 |
SmartyPants: Don’t mind these funny characters. They keep seeing dirty everywhere in Nigeria. According to them, nothing can ever work in Nigeria and this policy will yield no single result. They don’t know that CBN and EFCC know whatever they think they and corrupt politicians know. 2 Likes |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by femisplash: 4:55pm On Nov 01, 2022 |
Toktee:fraud
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Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by RepoMan007: 4:58pm On Nov 01, 2022 |
Penguin2:You are so uninformed If they truly have notes kept for vote buying, it is as simple as using it to buy vote buying commodities like rice / beans / garri / palm oil and distributing directly to reduce their cash need for direct vote buying. Maybe you are not aware, the food inflation which isn't corresponding with cost of production jump is being orchestrated by some political big wigs. They go to communities that cultivate specific crop like beans, offer the farmers the cost of the expected harvest shortly before harvest and store it. When scarcity hits and distributors or wholesalers go to farming community they usually get food, they encounter a rigid inflated price because the politicians can afford monopoly. Changing currency can't stop vote buying to any reasonable extent. 2 Likes 1 Share |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by AbuAeesha: 4:59pm On Nov 01, 2022 |
WibusJaga:any one that acquires it illegally won't mind how much it depreciates. never worked hard for it |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by CoolAmbience(m): 5:01pm On Nov 01, 2022 |
Penguin2: Tinubu, Atiku and co....who are the co? Hope say you count Peter Obi join? |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by omonnakoda: 5:03pm On Nov 01, 2022 |
aieromon:Have you seen one million under anyone's bed? Why not restrict yourself to evidence and stop talking like a lynch mob What we have seen is ONE photo of ONE NOTE and you are parroting hoarding like a religious fanatic. Is there any law against one million under your bed ? You are one of those who hear "Thief" and rush to carry tyre and petrol. Use your brain, ask questions and stop reacting like bad chemicals On this thread we have seen ONE photo of ONE 500 naira note from 2007 . That is NOT EVIDENCE of ANYTHING There is no reaszon for any rational person to hoard naira when they could easily convert it to gold or dollars That hoarding theory is for people that believe in spirit husband and sudden wealth by grace |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by jmichael259(m): 5:06pm On Nov 01, 2022 |
joe4christ: NO, HE WILL NOT. This is nigeria. Stop deceiving yourselves. Are you the only customer BDC has for that day? Does he really need to take the money all at once straight to bank or won't he use it to buy and sell currencies to others thereby spreading the money evenly? Will he be the only one depositing in the bank that day? Will the money not circulate within and out the bank before close of work? Do they really need BDC operators to clean the currency? Churches, importers, travel agencies, car dealers, bars and nightclubs, casino even banks and any business that handle money in bulk would move billions in less than 10 trips under just 1 weekend sef. Vans go just come house exchange am with clean notes & give to citizens over counter (circulation). Then Oga go show them love. Simple 2 Likes |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by socialmediaman: 5:08pm On Nov 01, 2022 |
Penguin2: You see, I am well informed about the level of corruption in our beloved country. We're not talking here about ordinary yahoo boys storing billions of naira. These money were probably made from illegal arms deals, illegal refineries, billions of dollars borrowed to fight BH etc. How much power do you think the CBN governor has? He doesn't even have the power to do anything. He works for the president. OK so he finds that some cabal member who is also a general is buying millions of dollars, and he does what? Before he even gets to tell his boss what is going on, word has gone to boss about his own illicit deals, and his boss will announce his replacement with immediate effect. Next thing EFCC will raid his home and put him on trial and the story will die a natural death You're living in Nigeria bro. There's a reason we are where we are today. Read this story I published here 2 years ago for context: https://www.nairaland.com/5981088/know-people-know-people-then 1 Like |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by effort1: 5:08pm On Nov 01, 2022 |
BATified2023: Your Tinubu, the corrupt, is among those who stack currency for vote buying |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by endy69: 5:11pm On Nov 01, 2022 |
Penguin2:What you don't want to know is that these men get forex traders that can transfer even 10billion naira into dollars, buy properties etc. 1month is too much to change money except you are stupid. They will only loose a few naira 3 Likes |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by BreconHills(m): 5:13pm On Nov 01, 2022 |
Penguin2: Sorry, why can't they deposit it in a bank? The bank will even send a bullion van to collect it and return new notes to them next day. Banks are looking desperately for cash to shore up year end results. Let's not see every event through the lense of politics. Na beginning of craze be that. Next thing people will see Messi endorsing a Nigerian politician. |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by aieromon(m): 5:13pm On Nov 01, 2022 |
omonnakoda: https://www.thisdaylive.com/index.php/2022/06/24/icpc-raided-house-with-stashed-millions-belongs-to-military-contractor/ |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by omonnakoda: 5:13pm On Nov 01, 2022 |
AbuAeesha:What is the purpose of "hoarding"? Why ? |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by omonnakoda: 5:14pm On Nov 01, 2022 |
aieromon:How is that relevant to this thread and the photograph. How is that HOARDING so when police find cocaine in somebody's house it is hoarding? What exactly is the definition of hoarding? Being in possession of stolen or illegal money? Try and use your brain SMALL |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by yinkeys(m): 5:15pm On Nov 01, 2022 |
.... |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by BreconHills(m): 5:15pm On Nov 01, 2022 |
effort1: There is no politician including Peter Obi who does not warehouse cash. Not one. Not even a local government councillor. |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by aieromon(m): 5:15pm On Nov 01, 2022 |
omonnakoda: Bye |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by omonnakoda: 5:17pm On Nov 01, 2022 |
aieromon:In order to move this conversation forward please define hoarding So you imagine that 500 naira note has been under somebody's bed? |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Kingcalls: 5:18pm On Nov 01, 2022 |
WibusJaga: Criminals don't care if ill gotten wealth is devalued...afterall its stolen money 1 Like |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Toktee(m): 5:19pm On Nov 01, 2022 |
femisplash:after 8yrs of his administration that's all you can concert? Guy abeg excuse me. |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by omonnakoda: 5:20pm On Nov 01, 2022 |
aieromon:Logic is not comfortable for ideologues and zealots .You only want to hear what confirms your bias and reject data to the contrary You fail to provide any rational definition of hoarding or what the benefits are 1 Like |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by aieromon(m): 5:21pm On Nov 01, 2022 |
omonnakoda: Look at the picture closely. That is a bundle. If 2.7 trillion naira out of 3.2 trillion is outside the vaults of the commercial banks, that is currency hoarding.
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Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Coldie(m): 5:24pm On Nov 01, 2022 |
This would only increase inflation though, cause money in circulation is about to increase like never before. |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by aariwa(m): 5:25pm On Nov 01, 2022 |
Penguin2:they will buy up dollars and dollar will hit 1,500 by January |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by omonnakoda: 5:27pm On Nov 01, 2022 |
aieromon:What does that have to do with banknotes I can see you are too lazy to use your own brain Imagine the nonsense you are talking are bank notes supposed to be in bank vaults? Is that what they are made for? It does not occur to you that that money could be in the hands of ordinary Nigerians who do not have bank accounts 3 trillion for a population of 200 million works out as 15000 naira per person .on average Do we have the facilities for cashless transactions? You are not really a bright person and cannot reason well This issue is above your brain capacity |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Allisgud: 5:29pm On Nov 01, 2022 |
Make bureau de change wise up o,they will pack it to them an collect their dollar,if I be bdc I will stop bizness for now |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by aieromon(m): 5:31pm On Nov 01, 2022 |
omonnakoda: I thought I was talking with a learned person. Wow, bye for the second and final time 1 Like |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by omonnakoda: 5:32pm On Nov 01, 2022 |
aieromon:shut up and naff off |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by CheapHomes1: 5:35pm On Nov 01, 2022 |
Penguin2: What concerns cbn with whether politicians decide to hoard or not hoard naira notes? How will redesigning the currency improve the economy? 1 Like |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by jmichael259(m): 5:35pm On Nov 01, 2022 |
BreconHills: yinkeys: Coldie: |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by femisplash: 5:35pm On Nov 01, 2022 |
Toktee:The fraud was moving Anambra funds his Lagos's office monthly until he got caught. Lol |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by jmichael259(m): 5:36pm On Nov 01, 2022 |
Backpedal: Just one church, nighclub, bank or casino go move 100s of millions directly for you in a week and there are thousands of such organisations across the country. Na only the masses go dey run helter skelter on this matter. 2 Likes 1 Share |
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