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Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing (41332 Views)

Currency Redesign: Open Letter To Governor El-Rufai By Gloria Mabeiam Ballason / Currency Redesign: Godwin Emefiele Address The Diplomatic Community / Currency Redesign: To Extend The Deadline Will Defeat The Aim (2) (3) (4)

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Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by Promise3098: 6:35pm On Feb 10, 2023
That man knows what his doing but his a low brain score person Nigeria no good professional just fake fake .. We need OBI to make changes to those offices even screening them out .
Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by Didi2d(m): 6:36pm On Feb 10, 2023
RockHard:





Hmm. That's why I support the view that Emefiele has a hidden (political) agenda to begin with. Coz how else do you explain a whole CBN embarking on such a monumental and consequential policy without the requisite capacity to deliver and see it through?! He should be ashamed of himself for even admitting such level of gross incompetence openly.


I got angry reading the trash emefiele was saying. No paper or whatever, he knew there was constraint and he went ahead pushing the policy to the public.

And some Nigerians were happy, looking what's happening now with the POS guy.

Chai

3 Likes

Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by Financialman: 6:37pm On Feb 10, 2023
dustmalik:
This Emefiele is a big, fat, large, gigantic slowpoke.

Didn't he know of all these inadequacies before embarking on a failed project?

Why didn't he carry out wide consultations?

He is incompetent and should be sacked immediately.
Emefiele is from delta,the running mate of vp Atiku is okowa,they are both from same area, by using this wrong policies to portray the ruling APC as incompetent, thus reducing the votes for it's candidate Asiwaju BAT...then PDP will win organically

2 Likes

Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by georgeakins: 6:37pm On Feb 10, 2023
spiralwedge:
There's no excuse for this nonsense redesign. Every policy he put in place in his 8 years as CBN gov failed and it beats me that he was not fired. Even when he took APC presidential primary election form of 100m.


Buhari is too dumb to have allowed Emefailure to proceed with the ₦ redesign.
The bitterness they have against Tinubu didn't let them see the implications of the stupid policy

5 Likes

Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by horlahwaley(m): 6:38pm On Feb 10, 2023
Which kind people be this. This stupid policy of his is just making life hard. Person is scared to accept the old note for your business and people dont have new notes to make payment and transfer is not efficient. No be hunger this wicked people go use finish person like this?

2 Likes

Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by NaijaOlosho(f): 6:38pm On Feb 10, 2023
jummex8228:
when people like you make this remark about tinubu ( even if am not supporting him) it's makes me wonder what these generation have up stair. Is tinubu, emefiele or buhari?. Nawa

E be like say your sense dey fly commit like glo network ooo

Was Thiefnubuu not the one that push Buhari on Nigerians
Try get sense na
Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by funshint(m): 6:39pm On Feb 10, 2023
Like; you didn't have enough new notes yet you went on aggressive mop up of the old notes? Are we sure these people are humans at all....see the nonsense Obi supporters have been supporting o!

5 Likes

Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by mycar: 6:39pm On Feb 10, 2023
incompetent APC government on the display
Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by chiefolododo(m): 6:39pm On Feb 10, 2023
piyoo91:
My own question is, can we still spend the old note or is the old note expired?
expired
Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by hardbody: 6:40pm On Feb 10, 2023
Pandev:
undecided
So what's the way forward now? Is he afraid to tell us that we can continue to use the old currency for now?

He is yet to hear from his Oga at the top, so he will not say one thing and his Oga will say another thing

3 Likes

Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by LeeMason(m): 6:40pm On Feb 10, 2023
They should have started preparing for this a year ago. The exchange/swap period should have been a minimum of 6months.

4 Likes

Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by occam(m): 6:41pm On Feb 10, 2023
So he knew there was supply constraints, yet he insisted on cut-off date of Feb 10? And he’ll still blaming saboteurs in the banking system for his massive failure. A simple “what if scenario planning” would have saved this untold hardship on the people. And this is the top banker, overseeing a 200m nation spewing this garbage.

Now he confirmed the whole purpose of the redesign is political goal. Ensuring the economic well being of citizens has no value to these people

4 Likes

Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by funshint(m): 6:41pm On Feb 10, 2023
NaijaOlosho:


E be like say your sense dey fly commit like glo network ooo

Was Thiefnubuu not the one that push Buhari on Nigerians
Try get sense na
Try and coordinate your brain....Tinubu is not the CBN governor neither is he the Commander-in-Chief.

3 Likes

Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by Miles300: 6:41pm On Feb 10, 2023
Na after election the new notes for dey available..they know what they are doing
Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by pacespot(m): 6:43pm On Feb 10, 2023
They just need to print more of the new Naira notes, not suspending the deadline to allow Tinubu flood the market with his illicit stockpiled old Naira notes for vote buying.

1 Like

Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by gentleguy1975: 6:43pm On Feb 10, 2023
RockHard:





Hmm. That's why I support the view that Emefiele has a hidden (political) agenda to begin with. Coz how else do you explain a whole CBN embarking on such a monumental and consequential policy without the requisite capacity to deliver and see it through?! He should be ashamed of himself for even admitting such level of gross incompetence openly.
going by those bolded quotes up there, the governor should have opted for extension of deadline and avoid all these avoidable sufferings by nigerians

3 Likes

Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by Abagworo(m): 6:44pm On Feb 10, 2023
I support Emefiele 100%
Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by jaymichael(m): 6:44pm On Feb 10, 2023
piyoo91:
My own question is, can we still spend the old note or is the old note expired?
Not expired. Can still be used alongside the new notes.
Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by Nobody: 6:45pm On Feb 10, 2023
I don't need to waste my time reading through the rigmarole of an exasperating excuse for failing Currency Redesign Policy by the worst CBN governor Nigeria ever had. All I can confidently say is that the Policy is as bad, as wicked, as vindictive, as frustrating, as filthy, as disastrous and torturing as dirty political intention that birthed it.

4 Likes

Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by 99persait(m): 6:45pm On Feb 10, 2023
Go borrow sense mugu

2 Likes 1 Share

Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by Danishguy(m): 6:45pm On Feb 10, 2023
Parachoko:
I wander when Buhari will eventually make a decision on this issue
WHY? Don't you see that some elements are bent on seeing him fail. Any money the minting arm of the central bank prints will be hijacked.
Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by jaymichael(m): 6:46pm On Feb 10, 2023
HajiMT:
What an incompetent CBN Governor. You formulated a policy without doing proper homework. No risk assessment, no risk management. You disappointed and embarrassed the entire country. No be your fault, na Buhari wey give you undeserved second term
Exactly
Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by gmo10(m): 6:47pm On Feb 10, 2023
This is the Emefiele some were hailing because of their hatred for Tinubu who's is a visionary leader and knows it will come to this
Tinubu na man you be jor

5 Likes

Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by Adeolajude(m): 6:48pm On Feb 10, 2023
God punish apc and anyone that vote for them in next election.
Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by Diligence: 6:48pm On Feb 10, 2023
Dear Fellow Citizens: Please note as follows:

1. By 4 p.m. today, 10-Feb-23, the old Naira notes ceased to be legal tender. Already, rejection of old Naira notes has commenced in earnest.
2. From 11-17 Feb 2023, those mischievous saboteurs can still deposit BUT with only CBN of course after coffee/tea wt EFCC &/ ICPC.
3. CBN would circulate more NEW notes but cautiously wt strict disbursement monitoring on banks because of people like Tinubu & APC & their greedy cronies in some banks
4. Buhari & CBN really desire free & fair elections NOT vote buying elections that Tinubu & APC had vn preparing for.
5. Nigerians should know that CBN & Buhari mean well, but unscrupulous Tinubu & APC mean otherwise esp in connivance with some bankers.

Shebi Money is supposed to be a medium of exchange of value NOT for some heartless politicians who may hv bn hoardg them at various places for evil purposes.

We want DSS to carry out sting operations on Tinubu, his cronies & Lagos State govt. They may just catch dem in the act of illegally hoarding and laundering both old & new Naira notes...

Take Back Your Country
It Is your future they're toying with
Vote Obi Datti
ItIsNowOrNever
Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by zoghys: 6:48pm On Feb 10, 2023
dustmalik:
This Emefiele is a big, fat, large, gigantic slowpoke.

Didn't he know of all these inadequacies before embarking on a failed project?

Why didn't he carry out wide consultations?

He is incompetent and should be sacked immediately.

Guy u really vex ooo, anyway d guy deserve all the name calling.

2 Likes

Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by Didi2d(m): 6:48pm On Feb 10, 2023
jummex8228:
when people like you make this remark about tinubu ( even if am not supporting him) it's makes me wonder what these generation have up stair. Is tinubu, emefiele or buhari?. Nawa


I told someone today that Tinubu has his own policy and plans forget about all those continue where buhari stopped.

That one na lamba

3 Likes

Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by Bioko2: 6:49pm On Feb 10, 2023
Animals
Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by adecz: 6:49pm On Feb 10, 2023
Why initiate what you lack the
capacity to implement.

A dull person with low IQ to a
proposal to another ignorant person
in the name of Buhari and you both
brought about this fiasco.

This is the same way the man has
been doing kalokalo with our exchange
rate & other monetary policies and
yet he remains unchallenged.

The man juju 👹👹dey very strong❗️❗️

2 Likes

Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by chrisxxx(m): 6:49pm On Feb 10, 2023
Evilest Emefiele
Re: Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing by slimanyd: 6:52pm On Feb 10, 2023
Wahala for who gorush to deposit old naira grin

Here for IB , we still dey spend our old naira dey go. Infact. I just bought boli and epa just now with old 500naira. Dey there dey play make one emefule dey finger una brain.

1 Like

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