Parachoko:
Nah so dem tell us say boader closure will put an end to insecurity and make Nigerians self sufficient in agriculture, is that so today?

Them ban Aboki FX say e go help the Naira, what's the result today?

The cashless policy is a good policy, but why the rush?

The cashless policy is a policy that have been on since 2012

That is why I said they are some bad Nigerians with Zero patriotism, they close the borders to encourage local farmers, what happened the bad ones gave terrorist, kidnapper freehand to operate, making it difficult for farmers to farm or return CBN loans, blocking opportunities for others because they have vested interest in other countries. As why the rush, i think election in Nigeria is pretty expensive, you might spend close to $100million to $400million to run it, especially the Presidential election , but you can recover the money within Six months. You can't spend that amount of money and be thinking straight. We need to demonetized our political space.

Revolution2022:
The new naira notes are already in the hands of politicians whom buhari and emiefele are trying to prevent from using it for campaign bribe.

God bless you, don't mind them

dochenaj:
Price inflation made the #5, #10, #20 bills nonexistent.

Sadly, Nigeria has a reputation that whatever goes up never comes down with respect to price inflation.

I expected CBN to take out the #1000 and maybe #500 as a way to not only use money scarcity to curtail price inflation but also force cashless transactions.

Imagine having to pay 1,000,000 and you'll need 100 bundles of #100.

The person go do transfer

The Central Bank is the cause of the new notes scarcity, and its actions have been deliberate.

The scarcity of new notes is not targeted at politicians, but at everybody in the country. The Central Bank is not concerned about the activities of politicians.

The enforced cashless policy is not about the economy, but about control. There is probably foreign or international pressure on the Central Bank to eliminate cash.

jackcanfield:

That is why I said they are some bad Nigerians with Zero patriotism, they close the borders to encourage local farmers, what happened the bad ones gave terrorist, kidnapper freehand to operate, making difficult for farmers to farm or return CBN loans, blocking opportunities for others because they have vested interest in other countries. As why the rush, i think election in Nigeria is pretty expensive, you might spend close to $100million to $400million to run it , but you can recover the money within Six months.

Are you saying Kidnapperr and Terrorists started operating in Nigeria after the boader was close?

Who's in charge of providing security? Is it not Government? Yet you're giving an excuse on the behalf of the Government? Ayam not understanding you bro

Whose fault is it Terrorist have not been crush? Who's the commander in chief of the armed forces?

Closing the boader was a terrible mistake, in
fact, we broke a very important ECOWAS rule by doing so.

Parachoko:
Are you saying Kidnapperr and Terrorists started operating in Nigeria after the boader was close?

Who's in charge of providing security? Is it not Government? Yet you're giving an excuse on the behalf of the Government? Ayam not understanding you bro

Whose fault is it Terrorist have not been crush? Who's the commander in chief of the armed forces?

Closing the boader was a terrible mistake, in
fact, we broke a very important ECOWAS rule by doing so.

Patriotism has nothing to do with government, it has to do with all of us, the Government are also not ghosts that can appear and disappear everywhere, they have the limits to were they can push their luck, and every country is sovereign, irrespective of treaties signed with other countries.

yaki84:

Yesterday someone tried withdrawing cash over the counter, na 1995 100naira bill d

Let those thieves keep stacking cash at home

my man fear God small na,when was 100naira notes introduced in Nigeria.

jackcanfield:

Patriotism has nothing to do with government, it has to do with all of us, the Government are also not ghosts that can appear and disappear everywhere, they have the limits to were they can push their luck, and every country is sovereign, irrespective of treaties signed with other countries.

Whose Job is it to protect Nigerians from internal and external aggression?

Parachoko:
Whose Job is it to protect Nigerians from internal and external aggression?

All of us ... The constitution only says that it is the primary responsibilities of government, so if their is primary , they should be secondary responsibilities. The truth is that government is at liberty to throw us citizens to the war front if things escalate beyond control, at least Russia and Ukraine is a good example, so we better ensure it is our responsibilities too .

elpochas:
my man fear God small na,when was 100naira notes introduced in Nigeria.

Oga if u see the 10naira notes, u will think na from gowon era dem do am.

Abeg let me comment my opinion in peace

gabbasin:
you guys are jokers if you think the politicians will really suffer this currency mop up, who are those suffering the mop up most? It's the hapless masses

Isoryt

The Emefiele is a certified incompetent fool.

These are the strategies he ought to have deployed at the early stage.
We won't be where today if all these have been in place

You knew you didn't print enough new notes to go round and you're making threats of a fathom deadline.

All these revelations has exonerated Tinubu

Parachoko:
Whose Job is it to protect Nigerians from internal and external aggression?

Security is everyone's concern. If you see something, say something.
Help the police protect you better

Revolution2022:
The new naira notes are already in the hands of politicians whom buhari and emiefele are trying to prevent from using it for campaign bribe.

How would bank MDs forteit their billionaire politician customer because of Emefiele mere suspensions.

A private school owner will tell bank Manager to bring cash and teller to his house rather queueing in bank with the crowd how much more business men and politicians who are more richer and influencia

Revolution2022:
The new naira notes are already in the hands of politicians whom buhari and emiefele are trying to prevent from using it for campaign bribe.

God bless you

Neyoohpompy:
Cryptocurrency is only a good investment if you can at least HODL it for 4 years.

don't bet on it

They should just scrap the big bills and maybe ,just maybe the country will be great again

Minjim:



Security is everyone's concern. If you see something, say something.
Help the police protect you better

I can see why the South East is very secured

Buhari has done a good job in security

This was exactly wat I had bn telling those around me.

CBN shld faze out #200, #500 & #1k notes, let #100 be our highest denomination.

By d time u decide to carry #200k go house, ur mind go dey by force cos everybody go know.
Armed robber go dey prioritize their operation, fear no go let kidnapper ask for 1m and above ransom... where he wan put an? How he wan carry am?

By d time politician loan em car wit 100-100 naira notes, how many ppl dem fit share 3k or 5k reach?

Emefiele shld pls knw wat he is doin.

Revolution2022:
The new naira notes are already in the hands of politicians whom buhari and emiefele are trying to prevent from using it for campaign bribe.

Nothing substantial was ever printed

Parachoko:


I can see why the South East is very secured

Buhari has done a good job in security

People in the SE are sympathetic to UGM ( ask Peter Obi ) in such cases, this won't allow police to get to the bottom and catch the master minders

obyrich:
Every new note can be tracked to the bank it was issued. Some people have started trading it. Some people will fall victim and be used as scape goats

Lol

Track which Notes? To which Bank? In Nigeria? With Trillions printed and in circulation?

May be abroad Sha but right here now? No!

CBN staffers that usually recycled Mutilated Cash meant for destruction back into the system?

Bros, you have no idea how rotten the system is.

Parachoko:
Nah so dem tell us say boader closure will put an end to insecurity and make Nigerians self sufficient in agriculture, is that so today?

Them ban Aboki FX say e go help the Naira, what's the result today?

The cashless policy is a good policy, but why the rush?

The cashless policy is a policy that have been on since 2012

This rush of a thing is causing chaos

The chaos just started, 2000 and 5000 notes still coming

ubest1:
Yes but not as they want, and within this period of election they can't get it which is just the essence to avoid vote buying

How are the notes getting into the hands of money vendors in parties?

EMEFIELE,BUHARI ALL THOSE SUPPORTING THIS NEW NAIRA NOTE SHIT ARE ALL THIEVES.

Revolution2022:
The new naira notes are already in the hands of politicians whom buhari and emiefele are trying to prevent from using it for campaign bribe.

But not as much as it will be if there was no redesigning

Itisallright:
1. No Bank is authorised to pay out OLD NOTES again via ATMs or in bank branches over the counter

2. No payment of new notes over the counter. Banks are only allowed to release new notes via ATMs

3. Corporates that require cash should only be given the old N100 notes and below. Corporates must not be given the new notes.

4. EFCC/ICPC officials will accompany CBN examiners to inspect bank branches over the next two weeks to assess full Compliance with CBN guidelines above.

5. Officials of branches that fail to comply or that release cash to Corporates and Politicians will face termination of their contracts and the respective banks will be sanctioned

6. No branch should allow an individual with multiple Debit cards to do multiple transactions on ATMs.

7. All new notes have tracking numbers to trace them back to State, Bank and Bank branches. So notes confiscated at parties and other locations can be traced back to the Bank and applicable branch

Please note that no new notes for anyone over the counter in branches. I think this make sense

Is this from CBN or you are just thinking out loud?

adenigga:



Source: https://dailypost.ng/New-Notes-Scarcity-CBN-Issues-Fresh-Directive-To-Banks

May God punish you severely for not thinking this through before implementing this policy.

Revolution2022:
The new naira notes are already in the hands of politicians whom buhari and emiefele are trying to prevent from using it for campaign bribe.

How do you know that new notes are already in the hands of politicians? When did buhari start caring about anyone other than himself that he wants to prevent politicians from using new notes during campaign?

When did it become the responsibility of the CBN governor to prevent vote buying?

obyrich:
Every new note can be tracked to the bank it was issued. Some people have started trading it. Some people will fall victim and be used as scape goats

It's very easy to deceive of some of you that's why the wicked politicians we have always have their way

SmartPolician:
This makes perfect sense. In other countries, people still spend coins. Why has it become a crime for our ATM to dispense #100 and #200? Our ATMs always dispense #500 and #1000.

That leads to scarcity of change, and Lagos conductors will even refuse to carry you because you have no change.

yes but, even the banks' customers don't want lower denomination, I remember a customer who withdrew only 10k and was asking to be paid only in 1k denomination,cases like that abound