boxypane:
The CBN was just too much in a rush to redesign the notes. The new notes will not stand the test of time. Them go spend money reprint tire.

taylor88:
You go sell your vote for 5k


Enter bus 40k to & fro dey go CBN go deposit am


APC think say them wise


Imagine on Election Day i bath rub cream comb hair wear cloths go queue under hot sun only to vote for someone that has no manifesto other than shouting broooom Brooooooooooom broooooooooooooom


God forbid

UncommonLogic:
Worst CBN Governor EVER. This idiot is a complete olodo.

Ireportlive:





The guy just dribbled National Assembly


Nigeria has the current set of unintelligent power brokers and cabal in Aso Rock

So of what use is the deadline if CBN would still exchange cash

You want to mop up 3 trillion before February 10 you claim you have only achieve 1.3 trillion

You want POS to exchange note yet limit Thier withdrawals to 500k a week. How will POS make enough profit on 500k total transaction without increasing charges




.

Ireportlive:





The guy just dribbled National Assembly


Nigeria has the current set of unintelligent power brokers and cabal in Aso Rock

So of what use is the deadline if CBN would still exchange cash

You want to mop up 3 trillion before February 10 you claim you have only achieve 1.3 trillion

You want POS to exchange note yet limit Thier withdrawals to 500k a week. How will POS make enough profit on 500k total transaction without increasing charges




.

Ireportlive:


With cash scarcity many would sell it for 1k

Ireportlive:


And you don't know people would start buying old note just to take to CBN?! Didn't you witness previous currency swap

How are you certain more than enough Cash is with Politicians since CBN confirmed 1.3 trillion

madridguy:
Commercial banks can accept them from citizens but they will only credit accounts and not pay cash. And the banks can redeem them from Central Bank. A very good move from the CBN.

madridguy:
Commercial banks can accept them from citizens but they will only credit accounts and not pay cash. And the banks can redeem them from Central Bank. A very good move from the CBN.

reddingtonblack:



You just misconstrue what an explanation as ABC.

He said individuals can only redeem there old note cash at CBN, allowing banks to redeem old note from Cbn after feb 10 knowing how compromised bank are defeats the whole exercise naw. CBN can't be that dumb

mariahAngel:
Only enemies of Nigeria and true democracy are against this very commendable exercise.
There's hope for Nigeria after all.

Nigeria must be great.

nlfpmod:

https://www.youtube.com/watch?v=t-HnsdnKMsA

Cash Swap: Old Banknotes Redeemable Only at CBN after Deadline, Says Emefiele

•Insists old N200, N500, N1000 no longer tenable after February 10

•Pledges no Nigerian will lose their money, seeks support



https://www.google.com/amp/s/www.thisdaylive.com/index.php/2023/02/01/cash-swap-old-banknotes-redeemable-only-at-cbn-after-deadline-says-emefiele/amp/

madridguy:
Commercial banks can accept them from citizens but they will only credit accounts and not pay cash. And the banks can redeem them from Central Bank. A very good move from the CBN.

madridguy:
It is you that didn't get the message. So you expect the CBN to start operating as commercial banks?

taylor88:
You go sell your vote for 5k


Enter bus 40k to & fro dey go CBN go deposit am


APC think say them wise


Imagine on Election Day i bath rub cream comb hair wear cloths go queue under hot sun only to vote for someone that has no manifesto other than shouting broooom Brooooooooooom broooooooooooooom


God forbid

MichaelSokoto:
Smart move!

Kudos Emefiele!

madridguy:
It is you that didn't get the message. So you expect the CBN to start operating as commercial banks?

mariahAngel:
Only enemies of Nigeria and true democracy are against this very commendable exercise.
There's hope for Nigeria after all.

Nigeria must be great. 🇳🇬
Whether the enemies like it or not!

sapele914:
Who said they must print all the new currency @ once? That will defeat the whole purpose.

The whole aim of the scheme is to mop up cash from the system & push Nigeria more into electronic/digital transfers.

wman:


There are branches of CBN in every state in Nigeria.

factcheckmmm:


Remember it's also a trap cause you need to explain your source of wealth

Court declaration

Payment of tax

Registration of company or business

ERlS:
Emefiele steady pressing necks. Hopefully, he sticks to his words. No more wavering decisions.

sapele914:
Your are calling your Vice Chancellor a confused man?

This is probably the best thing President Buhari on advise from Dr Emefiele did in his 8 years, the so called restructuring of the system has begun.

factcheckmmm:
The stress of going to CBN at Abuja will make you think twice, or do you to waybill your money to someone in Abuja to exchange it for you.

What if they start asking questions on how you got the money.

Remember police are not actually your friend especially when money is involved