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Naira Redesign Mops Up N1.8trn From Currency Outside Banks - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Redesign Mops Up N1.8trn From Currency Outside Banks (16975 Views)

Naira Redesign: Bags Of Damaged Naira Notes Discovered (Video, Pictures) / FIRS Appoints Banks To Recover N1.8trn Taxes From DSTV / How Nigeria Will Benefit From Currency Swap Deal With China (2) (3) (4)

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Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by Skillsnigeria: 4:27pm On Feb 21, 2023
Hmmm
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by FireUpNow(m): 4:27pm On Feb 21, 2023
Naira20:
Tinubu come and see something o
You want make he come drive his bullion vans of old 500 and 1000 notes to the bank for exchange for new notes abi?
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by OfficialP: 4:29pm On Feb 21, 2023
believe politicians at your risk.

forget what they say most times, they may mean the opposite of what they're saying
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by SatanKeepOff: 4:29pm On Feb 21, 2023
Amen Brotherly

Antoeni:
Father Lord, Peter Obi Has to Win, We Have Trekked, Drove, Flew, Crossed Rivers And Risked Our Lives Because of This Mandate. May We Never Labour in Vain, Grant Us Victory On Saturday, Amen

2 Likes

Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by baralatie(m): 4:29pm On Feb 21, 2023
datola:
I like the policy because it will curb money bag transctions in all ramifications.

It will not
Because if accountant general of the federation can move #109 billion of which the system could not detect.
Then this cash brohaha was not designed properly

2 Likes

Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by CommonSense1967: 4:31pm On Feb 21, 2023
WibusJaga:
.

More of Naira confiscation.
APC has failed Nigerians.

Woe unto APC.
Woe unto Buhari.
Woe unto the man that claimed he made Buhari president.
Woe on to the idiot that's supporting this policy.
Tinubu does not support it and we will vote for him.to change this asinine policy.
Keep cry about party , we are concerned about individual candidates.
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by bigdammyj: 4:31pm On Feb 21, 2023
Noted.
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by baralatie(m): 4:31pm On Feb 21, 2023
Freetech:
This from economic point of view will only help emiefiele and his banker friend milked the poor and make more money., through bank charges all dorts

US dollar in Nigeria alone is more than 10bill, yet their economy is better
Hmm
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by Tribal: 4:32pm On Feb 21, 2023
Emefiele And 2023 Polls: Why Are We So Blessed?
(Copied)

By Ifeanyi Okechukwu

From the ashes of the spoilers' tactics of the First Republic, there is no let up yet in the game of playing good boy in the nation's power dealers' self-serving schemes that diminish our worth among the comity of the nations that constitute the Federal Republic of Nigeria.

As an Igbo man, I feel ashamed at the reckless and ignoble attitude of our educated people in the South East on how they cheaply make themselves available for dirty jobs for other tribes  for six pence in the schemes that place a huge burden on our worth and integrity as a sub-national group in the federation of Nigeria.

The list of our lusts for private comfort and recognition through "slave job" to our own collective shame and disadvantage is long. I won't bother myself recalling our experiences in the First Republic; I will dwell on recent history that is still very much fresh in our memories so that we can interrogate exactly what our problems are in Nigerian politics.

I have noticed that at almost all delicate moments in Nigerian political history, the Igbos are called in to play disgraceful and spoiler roles in hatchet jobs in favour of Nigeria's power elite. Talk about national elections, ethnic combustion and other sundry issues that place a burden on national cohesion, our Igbo people readily make themselves available to play a spoiler game that has never earned our people the much needed respect among Nigerians.

For instance, at the time the Southern Zaria people faced the greatest persecution of their lives under General Ibrahim Babangida's military junta that roped in General Zamani Lekwot, Peter Lekwot and several leaders from Southern Zaria, to face persecution over trumped-up charges of the killings of innocent people during the Zango-Kataf crisis in the late 80s, an Igbo man made himself available to help Babangida's junta achieve their aim.

When a tribunal was set up to probe the crisis and none of the many Nigerian Judges was ready to participate in the delicate matter, an Igbo man, Justice Benedict Okadigbo, made himself available for the dirty job. He did not only accept to do the dirty job, he was also enthusiastic to carry out the hatchet assignment. During the final judgement on the case, against the weight of evidence, and to the chagrin of the whole world, Justice Okadigbo not only pronounced General Lekwot and his brothers guilty to die by hanging, he also demonstrated, to the amazement of the people sitting at the court gallery, how Lekwot and his people would die by hanging with a rope.

Even though the world was outraged by that judgement, one of us, Justice Okadigbo, did what he was willing and paid to do at the risk of his life and reputation.

It was the turn of another Igbo man, Arthur Nzeribe, during the same General Ibrahim Babangida's convoluted transition programme. After it emerged that the late MKO Abiola of SDP was massively supported across the country, defeating Bashir Tofa of NRC even in his native Kano State to emerge winner of the June 12, 1993 presidential election, it took the combined efforts of two Igbo men, Walter Ofonagoro and Arthur Nzeribe, through his infamous Association for Better Nigeria (ABN), to be hired to truncate a national dream for democratic process for prosperity.  Ofonagoro and Nzeribe helped their paymasters in the military to achieve their aim.

It was the turn of Professor Maurice Iwu to help in the mindless election fraud that produced President Olusegun Obasanjo in the election described as criminally flawed by the international community after Obasanjo scripted his "do or die" politics preparatory to his second term in 2003 general elections. Iwu later disgraced himself in Ekiti, Osun and Edo states where the courts ruled that Iwu conducted the most fraudulent elections in Nigeria's political history to please his paymasters.

Ekiti State's case was even worse, as Iwu literally turned himself to PDP's megaphone  in the 2009 rerun poll skewed in PDP's favour after mindless election manipulations supervised by Iwu's INEC to give victory to PDP.

Of course, Iwu was also finally disgraced in courts after the criminal manipulations of the ballot were exposed.

In fact, there are other instances in which we Igbo people make ourselves available for dirty jobs.

One thing that is common to these principal Igbo indigenes among us is after delivering on their dirty assignments, they become irrelevant in the national scheme of things, even as they often suffer public humiliation.

The 2023 election is at hand now and another Igbo man, Godwin Emefiele, has advertised himself as the one that can do the dirty job of truncating the national assignment that has implications for the nation's democratic growth and economic development.

Emefiele has made himself available to the Aso Rock cabal that corralled him into a self-serving currency swap for power grab scheme that has almost snuffed life out of ordinary Nigerians, which the plotters have now disingenuously blamed on APC as a bad party, to enable PDP win the election.

That man of the Igbo's moment of dishonour and disgrace is Godwin Emefiele, the Governor of Central Bank of Nigeria, who has flagrantly disobeyed the Supreme Court ruling suspending the naira swap deadline that is snuffing out the lives of Nigerians.

Just like our other Igbo compatriots, Emefiele is risking his reputation and life to enable him deliver on his assignment by his paymasters even if that will earn him jail term for contempt of the Supreme Court ruling. The same Babangida that scripted the June 12 crisis is now being rumoured to be the brain behind the alleged plot to sabotage 2023 general elections and an Igbo man is again the tool for that unpatriotic plot.

Unfortunately for Emefiele, Nigerians have discovered that the conspiracy and fraud by him and his sponsors was like the June 12 conspiracy.

For now, according to the national mood, sympathy votes will go for the victim of Emefiele's devilish plot, Asiwaju Bola Ahmed Tinubu. This is because Nigerians have discovered that the evil men that are sponsoring Emefiele are at work, more so that the candidate they are working for  represents the worst specimen in leadership qualities that hold no promise for Nigeria's development after revelations on his fraudulent Federal Government's privatisation programme through which he sold national assets to himself and the secretly recorded tape on how he as Vice President stole Nigeria dry through SPV, emerged.

Why are we Igbos so blessed with readily making ourselves available for dirty jobs at critical times in the nation's history?

We are again in the threshold of another phase of Nigeria's history and we Igbo people have again had one of us again playing another dirty game against the run of reality and national consciousness in the nation's polity.

We are conducting ourselves in this manner, yet we are angling for the leadership of this country. Can other  Nigerians trust us with the leadership of the country with the way the very best of us conduct themselves at critical times in our national life?

What exactly is our problem in Igboland? Why are we so blessed with making ourselves available for national sabotage at all times?

* Dr Ifeanyi Okechukwu lives in Abakaliki

2 Likes

Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by HellVictorinho7: 4:33pm On Feb 21, 2023
Asgard13:

What will happen if they grow balls and come hard on President Buhari?
Why cbn governor ..

Cowards and chicken everywhere

Emefiele is now a national hero .. with one strike, he send the corruption to abyss .. cure the governors greed and healed the land of insecurity and kidnapping

Peace has returned

Nigeria must be great..

We can now travel around the country without of fears of kidnappers and armed bandits

That’s plus to Apc government … methinks Asiwaju should include him in his campaign train ..



nonsense
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by Parachoko: 4:33pm On Feb 21, 2023
shuttox:


That's your own problem bribing voters
You are doomed
You're not making sense
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by VIKTO83(m): 4:34pm On Feb 21, 2023
Trying so hard to justify the sufferings u netted out on Nigerians.
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by tnerro1(m): 4:35pm On Feb 21, 2023
Well, at least the Army can confirm that kidnapping has reduced in in the north east
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by youngreezy(m): 4:35pm On Feb 21, 2023
YinkaOlusesi16:
So all the old naira 1.8trn will be counted as waste. Emefiele and buhari, there is God ooooooooo.
wait,so all the old money people deposited won't reflect in their account or what?I no understand
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by baralatie(m): 4:37pm On Feb 21, 2023
tnerro1:
Well, at least the Army can confirm that kidnapping has reduced in in the north east
What do you think is the effect of the north not having cash to trade will cause when biko Haram have the new notes
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by Yankiss(m): 4:40pm On Feb 21, 2023
YinkaOlusesi16:
So all the old naira 1.8trn will be counted as waste. Emefiele and buhari, there is God ooooooooo.
You either didn't read the post or misunderstood it.

5 Likes 5 Shares

Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by malware: 4:40pm On Feb 21, 2023
Now with the redesign, how much cash do we have inside the banks? Zero Naira I guess. All the money that comes out of the bank, won't find its way back there.
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by sofeo(m): 4:44pm On Feb 21, 2023
Alright

Check my signature
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by kellybently(m): 4:47pm On Feb 21, 2023
Brendaniel:
And there is still over 500 billion that has not still been returned, the question is who are the people with the unreturned 500 billion, they are the people fighting the CBN so that they can use it to buy votes, but their plans will not work because....

Nigerians have chosen President Peter Obi(GCFR)

Is like your are Nigerians as a whole. OBI is coming 3rd
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by wallarwallar(m): 4:51pm On Feb 21, 2023
Naira20:
Tinubu come and see something o

Werey u don chop 2day and hv u check on ur love ones who are mostly affected dey decieve ursef dey play dey cry inside
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by Injera(f): 4:54pm On Feb 21, 2023
Dshocker:
1 trillion belonging to Tinubu, while the remaining 800 billion came from other Nigerians.

You see how wicked and heartless this man is, he has milked Lagos state and other South Western state dry.
But not your region so why cry more than the bereaved
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by Brendaniel: 4:55pm On Feb 21, 2023
kellybently:


Is like your are Nigerians as a whole. OBI is coming 3rd


Nigerians have chosen President Peter Obi(GCFR)

1 Like

Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by Jonegonu: 4:59pm On Feb 21, 2023
YinkaOlusesi16:
So all the old naira 1.8trn will be counted as waste. Emefiele and buhari, there is God ooooooooo.
my brother nothing changed or waste is just like changing your hard copy paper to soft copy
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by kellybently(m): 5:00pm On Feb 21, 2023
Brendaniel:



Nigerians have chosen President Peter Obi(GCFR)

Obi is President for Ibo association of Nigeria
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by Gohs: 5:07pm On Feb 21, 2023
Obi is going to be the President of Nigeria.

It will be finalised this Saturday.

Let's vote massively for Labour Party (LP).

Peter Obi is entering Aso Rock villa to make Nigeria better grin
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by HNICEARTH: 5:15pm On Feb 21, 2023
Still waiting for tinublu and elruffy to grow some balls and take their old notes to the CBN
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by NEUDUDE: 5:16pm On Feb 21, 2023
This is why those theives are going to court up an dan, running helter skelter. Nothing else.
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by Brendaniel: 5:19pm On Feb 21, 2023
kellybently:


Obi is President for Ibo association of Nigeria

Nigerians have chosen President Peter Obi(GCFR)
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by DMerciful(m): 5:20pm On Feb 21, 2023
You're relying on bribery to make Tinubu win because you know he is unpopular
Parachoko:
The funny thing about all this is that

New ₦200,₦500 and ₦1000 notes were printed by the CBN last year even though they knew they will redesign it

The cashless policy is not well planned by Emefiele

He needs to pay for this economic sabotage and also pay for damages to banks.

The funny thing about all this is that, people can still be bribed on Saturday with the old money
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by Nobody: 5:21pm On Feb 21, 2023
Something wey no get record plus including statistics.
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by Parachoko: 5:23pm On Feb 21, 2023
DMerciful:
You're relying on bribery to make Tinubu win because you know he is unpopular
I'm more concern about the well-being of Nigerians and the Nigerian Economy.

Is no ones fault if someone who's 18 years and older collect money to vote for Peter Obi
Re: Naira Redesign Mops Up N1.8trn From Currency Outside Banks by CodeTemplar: 5:56pm On Feb 21, 2023
I hope the currency reduction doesn't lead this inflation and lower GDP. Buhari is a self centred person willing to protect some imaginary record of maintaining the economy and for this I see him making policies with short term stabilizing effect but with harsh results on the long term.

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