Bloomberg
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New Naira: Nigeria Bank Notes Redesign Needs Caution, IMF Warns

Adebishow:


Yes they have different roles and in fact, CBN is independent organization.

However, they are expected to work together and collaborate normally on policies to avoid counterproductive results.

On the change of naira some notes, Finance ministry should actually be briefed and prepared because the effect will be on both monetary and fiscal policies.

Does the cbn governor have unilateral powers to virtually change/redesign a national currency without the legislative arm of government.
Can the legislative arm claim the executive arm is under mining the national security of a country by doing so
Just asking
Let me go and check something

Ecos:

Shut up your dirty mouth clueless zombie. I wonder the kind of senseless person you will be in real life. I know for sure that people around you will be avoiding you for your wickedness. You are such a pathetic and a sadist that derive joy in seeing people suffering. May God have mercy on your wretched soul

This is too much, you really need to control your anger so that you don't develop hypertension

Why are they quiet about the N100 note.

Left as is or phased out?

Wetin Buhari sabi❓

Is he not the Commander In Chief of
our armed forces and Minister of
Petroleum❓

How is security and Petroleum industry
today.



If he is a normal person with average
intelligence, he should have consulted
his Minister of Finance & other stakeholders
before giving Emefiele the go-ahead ☹️☹️


Mumu cow herdsman❗️❗️☹️☹️☹️

Just look at the shit you are typing!

If you attended a University or any higher institution beyond secondary school such schools need to be shut down as you are a disgrace to our educational system with your level of reasoning.


The guy you are mention and insulted merely stated some economic fact concering different roles of CBN and Finance Ministry which even a secondary school economic student should know. And you are attacking him for that without caring to offer any logical argument to counter his point!

Ecos:

Shut up your dirty mouth clueless zombie. I wonder the kind of senseless person you will be in real life. I know for sure that people around you will be avoiding you for your wickedness. You are such a pathetic and a sadist that derive joy in seeing people suffering. May God have mercy on your wretched soul

Moh247:




CBN and Finance Ministry has different roles and are independent of each other

One handles Fiscal policy the other handles Monetary policy


.

In a sane Country, they are suppose to work hand in hand.

Hope it will be right to state that the redesigning of the naira was more of a political move than for the acclaimed gains to the nation.

Also, CBN governor's closeness to politicians should be deterred by the enactment of needed laws. Sanusi then, grew wings over the finance minister, Emefilie is doing same today.

But wait, what process or procedure allowed CBN get direct approval from the President without even an ordinary "Copy to mail" to the ministry of finance which is the parent ministry of the CBN.

I don't think there's anything else left to be seen or reported as it concerns abuse of process and procedures in this administration.

ogododo:


https://dailytrust.com/just-in-buhari-approved-naira-redesign-cbn-replies-finance-minister

Na so these people they run government?

baralatie:

Does the cbn governor have unilateral powers to virtually change/redesign a national currency without the legislative arm of government.
Can the legislative arm claim the executive arm is under mining the national security of a country by doing so
Just asking
Let me go and check something

I think CBN can change the currency of Nigeria provided the executive government approved the change.

VERY TIMELY ACTION....................

baralatie:

Does the cbn governor have unilateral powers to virtually change/redesign a national currency without the legislative arm of government.
Can the legislative arm claim the executive arm is under mining the national security of a country by doing so
Just asking
Let me go and check something

The function of the legislative arm is to make law. Has the CBN undermined the Constitution by this action? That should be your question. Leave those good for nothing thieves called legislators out of this.

edogu:

You are welcome. It's not my fault that Nigeria happened to you. Please could you do me a favour and look for where you can transfer your frustration. I'm not the one behind your predicament.

You will not mind your business.. na so una go dey attract insult to una selves

There must be synergy

Moh247:




CBN and Finance Ministry has different roles and are independent of each other

One handles Fiscal policy the other handles Monetary policy


.

Thinkam:
Everybody just dey do their own, criminal and irresponsible administration


Atiku is coming

Atiku coming to where? Guy, Be Obidient

Adebishow:


I think CBN can change the currency of Nigeria provided the executive government approved the change.

Ok

LARRYOBRAIN:
Stop making noise and face the fact, is CBN under ministry of Finance. Act like a learned.

CBN is not under ministry of finance, Mr Man.

Brunicekid:
CBN is an institution under finance ministry... The ministry should have been informed, in addition to this approval they sought.

True or False

CBN is not under ministry of finance.

Moh247:




CBN and Finance Ministry has different roles and are independent of each other

One handles Fiscal policy the other handles Monetary policy


.

Hmmm.... but there must be effective communication between the two. That is clearly lacking here.

The sucker Punch to all those hoarding old naira notes to buy votes!

Twice Emefiele has shown he love Nigerians despite having a lot of strange illiterates handling sensitive positions....

Let them open the soaker away pits and holed they buried the monies!

observanc1:
CBN is not under ministry of finance.

CBN is under finance ministry... Check this

Let's see how they will deposit 50 billion on personal or business accounts without source of the money.....

Criminals parading themselves as leaders!

Brunicekid:
CBN is under finance ministry... Check this

Wow

Brunicekid:
CBN is under finance ministry... Check this

latest CBN Act is CBN Act 2007. And it's independent.

baralatie:

Wow

na before. Since CBN Act 2007, CBN has been independent.

Moh247:


CBN sorted Presidential approval and Buhari duly approved it

Security aspect of the sudden issuance of naira note would be defeated if everyone knows about it in the cabinet

Finance Minister is from Kaduna, part of the reason to introduce the note is to counter insurgency

.

The reasons are quite good. But the problem is that the bankers collude with these guys, so it is practically impossible to solve this without addressing the root cause

Akunatakasi:


You will not mind your business.. na so una go dey attract insult to una selves

Birds of a feather.

phemmyfour:
In a sane Country, they are suppose to work hand in hand.

they do. Permanent Secretary, Ministry of Finance is a member of CBN board.

E don tey wey I see the re designed #10 and #20 , dem still dey so, make this ones no be like that ooo.

I hope the designs are beautiful, I support it

All those your friends wey tell u say dem no get shishi to borrow u, and they hide money for house. If they tell u to come borrow 500k with written agreement to pay back with new currency, no gree for them ooo

BlackFlamefromP:
Just look at the shit you are typing!

If you attended a University or any higher institution beyond secondary school such schools need to be shut down as you are a disgrace to our educational system with your level of reasoning.


The guy you are mention and insulted merely stated some economic fact concering different roles of CBN and Finance Ministry which even a secondary school economic student should know. And you are attacking him for that without caring to offer any logical argument to counter his point!

It's obvious that guy is frustrated.

observanc1:
na before. Since CBN Act 2007, CBN has been independent.

Autonomous not independent

baralatie:

Autonomous not independent

what's the difference