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Nairaland Forum / Nairaland / General / Business / Naira Note Deadline (46265 Views)
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Re: Naira Note Deadline by JoeNL22(m): 1:46am On Feb 10, 2023 |
Pharaohny:God bless you. I have stopped arguing with people concerning the CBN order. We need to educate the masses on the rule of law and the Nigerian constitution. 99% of Nigerians have zero idea of what the constitution is all about. Its a shame. However, a senior lawyer, Professor Konyinsola Ajayi, yesterday, said the CBN was free to carry on with the cash swap policy, despite the court ruling. He stated that the CBN, not being a party before the Supreme Court, hence the court was not expected to grant an order against a person not before it; not sued or not heard. He said, “The CBN is free to carry on with its policy on currency redesign taken in accordance with the plenitude of its powers under both the CBN Act and Currency Control Act. It is fitting to note that just about six weeks ago (on 02/12/22) the SCN held in the case of Adedeji & ors. v CBN that CBN is independent by law and can’t be controlled by FGN.” 3 Likes |
Re: Naira Note Deadline by JoeNL22(m): 1:50am On Feb 10, 2023 |
Parachoko:You still don't understand. Read below. However, a senior lawyer, Professor Konyinsola Ajayi, yesterday, said the CBN was free to carry on with the cash swap policy, despite the court ruling. He stated that the CBN, not being a party before the Supreme Court, hence the court was not expected to grant an order against a person not before it; not sued or not heard. He said, “The CBN is free to carry on with its policy on currency redesign taken in accordance with the plenitude of its powers under both the CBN Act and Currency Control Act. It is fitting to note that just about six weeks ago (on 02/12/22) the SCN held in the case of Adedeji & ors. v CBN that CBN is independent by law and can’t be controlled by FGN.” 2 Likes |
Re: Naira Note Deadline by olisefom: 1:53am On Feb 10, 2023 |
Lemos14: I will suggest you deposit it in your account for now. 2 Likes |
Re: Naira Note Deadline by valicious1(m): 1:56am On Feb 10, 2023 |
olisefom:It's already late. Check the CBN website 1 Like |
Re: Naira Note Deadline by olisefom: 2:00am On Feb 10, 2023 |
valicious1: I think the bank will still accept it today 10th. 3 Likes |
Re: Naira Note Deadline by Parachoko: 6:47am On Feb 10, 2023 |
JoeNL22:Forget all this your garbage explanation. The Supreme Court Judgement is final, the old and new notes remain legal tenders till Feb 15. 6 Likes 1 Share |
Re: Naira Note Deadline by Houseontherock1: 6:50am On Feb 10, 2023 |
Lemos14:You better hold on to your old notes and spend it as you need it. If you sell it today, you will pay a lot to buy it back tomorrow 2 Likes |
Re: Naira Note Deadline by Lemos14: 7:51am On Feb 10, 2023 |
valicious1: They will still accept the old notes today...its after today that it will be invalid. 1 Like |
Re: Naira Note Deadline by Nobody: 8:07am On Feb 10, 2023 |
Lemos14:what are you still doing with such amount of old notes? 1 Like |
Re: Naira Note Deadline by vickydevoka(m): 8:08am On Feb 10, 2023 |
Lemos14:Omo I get old Naira note way reach 50 k with me for UK. Chai 1 Like |
Re: Naira Note Deadline by Racoon(m): 8:09am On Feb 10, 2023 |
Wahala be like bicycle. |
Re: Naira Note Deadline by Lemos14: 8:09am On Feb 10, 2023 |
silvermania: I withdrew 10k on Wednesday at a POS because I really needed cash and didnt want to be stranded by any online transaction...I guess you know how queues are for cash |
Re: Naira Note Deadline by PeterObi4LP: 8:09am On Feb 10, 2023 |
If the old naira note exceed 25th, then the purpose of the new naira note is worthless and useless. This means, CBN/FG are MAD 5 Likes 1 Share |
Re: Naira Note Deadline by marlow1962(m): 8:10am On Feb 10, 2023 |
I dy bank like this, new note I no see even the old note no dy available. |
Re: Naira Note Deadline by marlow1962(m): 8:10am On Feb 10, 2023 |
Lemos14:How much for 10k? |
Re: Naira Note Deadline by longview007: 8:10am On Feb 10, 2023 |
Lemos14: If u are in Kaduna state, keep them. If you are in Nigeria, go and deposit it to the nearest bank. . 13 Likes |
Re: Naira Note Deadline by AllDModsAreMaad: 8:11am On Feb 10, 2023 |
The bikeman I took this morning rejected the old note. He said it was announced today that they should stop accepting them. 1 Like |
Re: Naira Note Deadline by Lemos14: 8:12am On Feb 10, 2023 |
longview007: 😂😂 5 Likes |
Re: Naira Note Deadline by cedricksly: 8:13am On Feb 10, 2023 |
Lemos14:he answered ur question fine, u are just too short sighted to see it... The last line was the answer to your question... It is better safe than sorry, that's what he meant by supreme court won't collect old naira from u... It is better u deposit it before 2pm today if the CBN does not give further comment on the matter, aren't u Suprise that the CBN and banks are silent to the supreme court ex parte order?? So u want to take their silence as agreement? Are u willing to risk it 7k for it 7 Likes 1 Share |
Re: Naira Note Deadline by faceland: 8:13am On Feb 10, 2023 |
Don't wait till the last minute because banks doesn't operate during riots. No one is sure that bank would open on the 17th |
Re: Naira Note Deadline by rajiedreez: 8:13am On Feb 10, 2023 |
Yes |
Re: Naira Note Deadline by Lemos14: 8:13am On Feb 10, 2023 |
marlow1962: Omo she charge me 2k oo...and me I didnt have strength to argue cause I really needed that cash |
Re: Naira Note Deadline by bigcasava1(m): 8:13am On Feb 10, 2023 |
Lemos14:abobi enter the nearest beer parlour and enjoy urself, thank God is weekend. |
Re: Naira Note Deadline by jasent(m): 8:14am On Feb 10, 2023 |
Lemos14:They're useless now,shey anybody stopped you from going to deposit it since? |
Re: Naira Note Deadline by Zulum500: 8:14am On Feb 10, 2023 |
OgaTheTop2: Keep your propagandas 2 Likes |
Re: Naira Note Deadline by MartinsD12(m): 8:14am On Feb 10, 2023 |
longview007:elrufia go deny una oo 1 Like |
Re: Naira Note Deadline by Lemos14: 8:15am On Feb 10, 2023 |
jasent: Banks are still accepting throughout today...its after today that they won't accept it again 1 Like |
Re: Naira Note Deadline by Topmaike007(m): 8:15am On Feb 10, 2023 |
Wahala |
Re: Naira Note Deadline by Nobody: 8:15am On Feb 10, 2023 |
Is the CBN website functional? |
Re: Naira Note Deadline by Agadinaagwuofe: 8:16am On Feb 10, 2023 |
Go and deposit any old naira you have and don't collect old naira from anyone. The truth is you don't need to be caught up with the power play. From objective view since CBN and Banks are not joined in the suit, they will go ahead to implement the policy and besides most of the old notes have been returned. I hardly see people spending the old notes meaning anyone with old notes now is on the minority. Even if peradventure it extended the deadline it won't make difference because old notes are no longer circulating. I only pity people destroying bank structures, because they are making it difficult for themselves. Nigerians are actually problem to themselves. 4 Likes |
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