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Nairaland Forum / Nairaland / General / Business / It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 (64147 Views)
We Did Not Authorise Commercial Banks To Collect Old ₦500, ₦1000 Notes - CBN / ₦1 Trillion Old Notes Received By CBN, Banks - Emefiele / CBN Redesigns 200, 500 & 1000 Naira Notes (2) (3) (4)
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Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Slynation(m): 4:45pm On Mar 07, 2023 |
I have never seen a country that would purposely embarked on a futile journey just to punish their citizen...!! Buhari and Emefiele (two confusionists) 9 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by omowolewa: 4:46pm On Mar 07, 2023 |
What was he trying to achieve and what has he achieved or destroyed 1 Like |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by JAMO4REAL1(m): 4:47pm On Mar 07, 2023 |
Tinubu is a strong man 6 Likes 2 Shares |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by sammsimm(m): 4:47pm On Mar 07, 2023 |
Femigolfd: Ode |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Smartguyboy(m): 4:48pm On Mar 07, 2023 |
Fahdiga:So funny CBN have to make statement after supreme court pass judgment nobody trust the law in Nigeria again . Tinubu time will even be worse . |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Josephkabila12: 4:49pm On Mar 07, 2023 |
I collected old notes yesterday at GTBank Iju, Lagos State |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by MartinsD12(m): 4:50pm On Mar 07, 2023 |
jumper524:CBN should stop being a coward and speak up that dunce man since he knows he doesn't have any fucccccckin option than to obey supreme court order or go to jail for life |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Trustme2(m): 4:51pm On Mar 07, 2023 |
That's not the issue. The real issue is the withdrawal limit |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Carlyboi(m): 4:51pm On Mar 07, 2023 |
I guess Emefiele is suddenly too camera-shy to give the public CBN’s stand on the Supreme Court ruling on the usage and exchange of the 500 and 1000 notes. shameless clown the whole charade has finally boomeranged,economic saboteur has no face to save no more. Anyways he still needs to say something to save the traders and the other business people the unneeded stress there is no point reintroducing the notes in a “ hush “ manner when you were loud about it not been a legal tender earlier. 3 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by MyVILLAGEpeople(m): 4:51pm On Mar 07, 2023 |
It was just all politics and people died because if this policy. 2 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by dalass(f): 4:52pm On Mar 07, 2023 |
Quest7777: The sudden naira [ I hope they don't flood the streets with too much money. Money induced crimes have gone down a lot. Though it has been very stressful without cash. God help us 2 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by 2chainz411: 4:53pm On Mar 07, 2023 |
28plus:yes,I received 5000 naira from the old one thousand naira note,not only me was given that money...it is real! |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Hussein035: 4:54pm On Mar 07, 2023 |
princeade86: If you are waiting for EMEFAILURE to do broadcast it is still fair but you see buhari will never do any disgraceful broadcast that will make him look more clueless 2 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by jmoore(m): 4:54pm On Mar 07, 2023 |
jumper524: So they can start making the traders to run helter and skelter again by January 1st? Personally, I will reject it. 1 Like |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by soil4soil(m): 4:55pm On Mar 07, 2023 |
jumper524: Emefiele is ashame to come out and talk. Even PMB knows that this policy has failed. |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by AlmightyMod(f): 4:55pm On Mar 07, 2023 |
Banks are actually issuing out the old notes but the problem is that you cannot deposit the old note back except you follow the CBN deposit procedure. You can only use your account to deposit once. Now back to why people are rejecting it is because petrol stations are rejecting it because there is no way they will be able to deposit it back to the bank that was their reason. CBN need to issue a statement concerning this issue so the sufferness will reduce abeg 7 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Captain8(m): 4:55pm On Mar 07, 2023 |
emifide should just make an official statement then tell the security agents to arrest him and tell them to give 20 years impreasonment |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by 10kgod(m): 4:56pm On Mar 07, 2023 |
jumper524: The headline self .... Just to lure person |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by AngelicBeing: 4:56pm On Mar 07, 2023 |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Passionet: 4:56pm On Mar 07, 2023 |
Fahdiga: That's not true, in fact the traders are the ones giving you back the old notes for change |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Passionet: 4:56pm On Mar 07, 2023 |
Emefiele quietly gave the directive. The man is not a strong man., |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by sofeo(m): 4:57pm On Mar 07, 2023 |
Alright Check my Signature |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Passionet: 4:58pm On Mar 07, 2023 |
Captain8: Imprisonment 1 Like |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Brushstrokes20: 4:58pm On Mar 07, 2023 |
The LAWLESS, lifeless, sadistic anarchist and emeFAILURE are NOT ABOVE THE laws of the land, so they've got no damn choice ! Only senseless scum sets a whole farm on fire just to catch a rat ENOUGH OF NONSENSE 3 Likes |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Aremolekunowo(m): 4:58pm On Mar 07, 2023 |
FOLYKAZE:NATIONAL ORIENTATION AGENCY NOA IS DEAD AND BURIED NOT EXISTING AGAIN. |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by bassdow: 4:59pm On Mar 07, 2023 |
make e no be say some Banks wan use style release OLD NOTEs wey don hang for dem hand. I suspect they would agree should they receive more InFlow than outFlow of OLD NOTEs . POS dem do similar. Dem continue paying Old Notes till they exhausted them, then dem close shop. Las las, should CBN fail to give the required directive, na people Money go loss. As for Me, I no even TRUST the new Notes because e fit be FAKE or CBN fit wake up one Morning talk say all NEw NOTEs no valid again, say dem use am do TestRun. As soon as New Notes enter my hand, I break Am DoWn, and any wey remain, no go tey 1 Like |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Elsueno: 5:00pm On Mar 07, 2023 |
Until a categorical statement by CBN is issued on d acceptance of the old notes, Pls do not accept it.... Banks never loose money, they can reject same old notes they give U today d next day if CBN refuse to collect from them. As for me, I don't remember d supreme court having d power to decide on legal tender...So either new notes or transfer, otherwise no business 😤 |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Abdul4trust1(m): 5:04pm On Mar 07, 2023 |
Fahdiga:Banks are issuing old notes while traders are rejecting it. Is there sense on the part of the trader? |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by DeepSight(m): 5:05pm On Mar 07, 2023 |
Trustme2: The SC also said the withdrawal limit is illegal. 1 Like |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by adonainana: 5:05pm On Mar 07, 2023 |
So what was the point of of what Nigerians went through What was the point of spending billions in printing new currency What was the point of setting a tight deadline if the purpose is now defeated Doss CBN even know what investors confidence is Do you know how many international investors would simply see what happened with the cash r3deisgn and simply change their minds about investing their money here It's one thing for some things to be beyond your control its another to be the architect of your own misfortune 7 Likes 1 Share |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by Abakelawal(f): 5:05pm On Mar 07, 2023 |
Nawa ooo this news heading is different from what is written inside the news itself |
Re: It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 by MichaelSokoto(m): 5:06pm On Mar 07, 2023 |
Kidnapping & armed robbery will resume again now. |
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