Why February 10 Deadline May Not Still be Feasible - CBN

CBN is already giving signal ahead , if CBN achieved 68% in 100 days ... how would they achieve 32% in 10 days?


Is there any country in the world that set deadline for returning of old notes?

I am not sure the policy will achieve what it was create for with the way things are unfolding. The ones printed have been hijacked by the politicians even when the cbn said no payment via counter but through atm machines... in short our politicians are above the law in this country.. for this policy to checkmate corruption it will affect everybody for it to be effective.

Ok

To achieve February 10, CBN must stop issuing the old notes back to Nigeria. On no condition should banks still be issuing the old notes to Nigerians. Starting from Monday, all banks must issue only the new notes over the counter and from ATMs.

seunmsg:
To achieve February 10, CBN must stop issuing the old notes back to Nigeria. On no condition should banks still be issuing the old notes to Nigerians. Starting from Monday, all banks must issue only the new notes over the counter and from ATMs.

You are right.

habsydiamond:
I am not sure the policy will achieve what it was create for with the way things are unfolding. The ones printed have been hijacked by the politicians even when the cbn said no payment via counter but through atm machines... in short our politicians are above the law in this country.. for this policy to checkmate corruption it will affect everybody for it to be effective.

What I said was right, the deadline is actually February 17

seunmsg:
To achieve February 10, CBN must stop issuing the old notes back to Nigeria. On no condition should banks still be issuing the old notes to Nigerians. Starting from Monday, all banks must issue only the new notes over the counter and from ATMs.

It is now February 17....as I predicted

Melezenawii:


What I said was right, the deadline is actually February 17

they ought to have plan this ahead instead of putting the masses in an unnecessary tension. I have said I
A policy not well planned will surely stress people or fail.

It's not feasible!

Melezenawii:


It is now February 17....as I predicted

Let’s be clear about this. The deadline for the use of the old notes as legal tender remains February 10. After February 10, the old notes will no longer be legal tender. However, a 7-day grace period to allow only deposit of the old notes at only CBN premises till February 17th was approved.

G

Too many contradictions

Melezenawii:
CBN is already giving signal ahead , if CBN achieved 68% in 100 days ... how would they achieve 32% in 10 days?


Is there any country in the world that set deadline for returning of old notes?

Yes Indian did it within hours 4 or so

seunmsg:
To achieve February 10, CBN must stop issuing the old notes back to Nigeria. On no condition should banks still be issuing the old notes to Nigerians. Starting from Monday, all banks must issue only the new notes over the counter and from ATMs.

you are right it must be from atm or you get approval from the cbn if you need more money

habsydiamond:
I am not sure the policy will achieve what it was create for with the way things are unfolding. The ones printed have been hijacked by the politicians even when the cbn said no payment via counter but through atm machines... in short our politicians are above the law in this country.. for this policy to checkmate corruption it will affect everybody for it to be effective.

lol

So tinubu don collect everything

I guess obi n Atiku no dey spend money n they don’t need cash

BATified2023:
lol

So tinubu don collect everything

I guess obi n Atiku no dey spend money n they don’t need cash

na person wey dey shout get plan to spend to achieve his aim. Atiku self won spend too now but him voice no dey at the top like Tinubu cos the presidency to him is do or die.

seunmsg:


Let’s be clear about this. The deadline for the use of the old notes as legal tender remains February 10. After February 10, the old notes will no longer be legal tender. However, a 7-day grace period to allow only deposit of the old notes at only CBN premises till February 17th was approved.

so far the banks still keep paying old notes via the counter it will still b postponed


If they are serious about it let them load all atm nationwide with cash so it will b easy for everyone to access it, even if they don’t want to release via counter

How can u release old note on d 9th n tell me it won’t b a legal tender on the 10th

Just 24 hours after

habsydiamond:
na person wey dey shout get plan to spend to achieve his aim. Atiku self won spend too now but him voice no dey at the top like Tinubu cos the presidency to him is do or die.

so u believe tinubu that has many stakes in different banks will have problems right?

So Peter obi that invested states funds into fidelity bank will have problem right?

It will never affect those people cos they are same but it will affect u n I

So if u are to b d md of fidelity n peter obi called u he needs money, will u say no?

So can u see d point?

Vote Peter George Obi

bejamina:
Vote Peter George Obi

Nobody is voting Obi

bejamina:
Vote Peter George Obi

No one will like to waste his or her vote for minority candidate . Who is not vibrant in the northern side of the country.