₦airaland Forum

This is the money a dullard called peter obituary will carry to British virgin island using his daughter and missing wife's name.peter obi will be a curse to Nigeria

Wow let's see how this goes in helping the upcoming election.

But one thing I know for sure is that it's an opportunity for them embezzle more funds without hardly getting traced.

If fear who no fear this govt. May God help us.

Please I need N200 naira airtime only but any amount will be appreciated.

Airtel - 08026182205

Please help a brother

michlins:
Buhari maybe terrible on everything else but you see election reforms, he did so well.

Starting from insisting on the use of BVAS, that's the biggest thing he did. Now by destroying old notes few weeks to election,he has handicapped the buying powers of politicians

That will concetrate even more power in his hands.
Are you even thinking well?

michlins:
the politicians will not have funds to buy votes on the day of elections. People will not be induced by money like before because no one will have enough physical funds to buy votes.


There are people who have amassed billions for vote buying. The issue with bullion van on eve of elections will not happen

Ok. But won't they be able to deposit the old one and withdraw a new cache of bullion vans before election or you think time is too short for them to do that?
I will need to settle down and reason out this thing

michlins:
Buhari maybe terrible on everything else but you see election reforms, he did so well.

Starting from insisting on the use of BVAS, that's the biggest thing he did. Now by destroying old notes few weeks to election,he has handicapped the buying powers of politicians

You making sense bro

We heard of those stolen
What of the ones unknown to the public?

It will never be well with these thieves called leaders.

nams77:
Ok. But won't they be able to deposit the old one and withdraw a new cache of bullion vans before election or you think time is too short for them to do that?
I will need to settle down and reason out this thing

not enough time to withdraw. Banks will run out of cash if everyone withdraw their funds and before you opened account with banks, you signed that a certain amount of your funds will be retained

erico2k2:
buying power ke, look at you, their money is in Dollars not naira. you think PMB and APC are stupwid right?
He did same thing when he was in power in the 80s

you can not bribe the voting populace with dollars. You need Naira, something they won't have enough time to get before the election

michlins:
you can not bribe the voting populace with dollars. You need Naira, something they won't have enough time to get before the election

erm there are $5 bills you know.
Cant you see forex are now hard to get.

michlins:
Buhari maybe terrible on everything else but you see election reforms, he did so well.

Starting from insisting on the use of BVAS, that's the biggest thing he did. Now by destroying old notes few weeks to election,he has handicapped the buying powers of politicians

This is frankly one very funny perspective to this whole affair. Much as there's a bit of simple logic attached to it, the bigger picture disagrees.

Let me paint you a quick scenario:
You are a politician vying for an electoral office in 2023 and you have 1 billion naira stashed away in Nigerian currency for the execution of your political ambition, then in comes the apex bank's plan to redesign and dispose of the same old notes you have, at a given date. Will you simply sit on your hands and watch your money go to waste?

No, is the simple answer.
How to fix this problem? Easy. Walk to the headquarters of your bank, sit with the manager as per the rich man that you are, offer the manager 5 million naira and he'll gladly sell you all the hard currencies in the bank's vault in exchange for your old notes. Of course that won't be enough to dispose of a billion naira. In comes the Bureau de change mallam! Those ones will gladly sell you hard currencies at their disposal.

Now not only have you succeded in disposing your expiring Nigerian currencies, you have mopped up the dollars and pounds that legitimate Nigerian businessmen will have accessed for importation to drive the daily economy.

Conclusion? You have just added to the scarcity of foreign currencies which in turn adds to the worsening rate of inflation.

Now, please tell me the wisdom in this particular Buhari/Emefiele brand of economics just when elections are around the corner?!

michlins:
not enough time to withdraw. Banks will run out of cash if everyone withdraw their funds and before you opened account with banks, you signed that a certain amount of your funds will be retained

Bross direct wiring unto azza sure pass physical cash.

mooremoney:
Buhari is a failure, all he does is to destroy. But you see Tinubu that guy will be worst then Buhari so we are not giving him a chance. No old fool will rule Nigeria again.

I'd say there ought be law:
Nobody over 70 can be president. They can be elected very special advisers but not president.
We youths ought agitate for such a law or we'd go the way of the old Soviet Union.
I bet you if Buhari were to contest HE WOULD WIN!!

magicminister:
You’re wise
People may not notice but we actually made some giant strides under buhari! I’m not a fan of Buhari but he has done some great things and approving the destruction of old naira notes right before election is a master strokes towards ensuring free and fair election!!

The evil ones are fighting back through the news papers and ministry of finance. I hope Buhari stands his ground!

God bless Nigeria and may our leaders co to use to be brave.

In whose hands do u think the dollars are?
U think politicians don't have bankers at their back and call?

Stay woke

michlins:
Buhari maybe terrible on everything else but you see election reforms, he did so well.

Starting from insisting on the use of BVAS, that's the biggest thing he did. Now by destroying old notes few weeks to election,he has handicapped the buying powers of politicians

Buhari was forced into signing that law by our ignorant Senators. That's why he rushed to court immediately after signing it , while the mumu Senators that was forcing him didn't even read the content. When the public started explaining the content to them they rushed to amend it but Buhari refused to sign the amended one too. All I can is God confused the enemies of Nigeria!

TheSameGuy:
Post your Dad's, let's compare

I'll never stoop so low to your level.

Buddha3:
This is frankly one very funny perspective to this whole affair. Much as there's a bit of simple logic attached to it, the bigger picture disagrees.

Let me paint you a quick scenario:
You are a politician vying for an electoral office in 2023 and you have 1 billion naira stashed away in Nigerian currency for the execution of your political ambition, then in comes the apex bank's plan to redesign and dispose of the same old notes you have, at a given date. Will you simply sit on your hands and watch your money go to waste?

No, is the simple answer.
How to fix this problem? Easy. Walk to the headquarters of your bank, sit with the manager as per the rich man that you are, offer the manager 5 million naira and he'll gladly sell you all the hard currencies in the bank's vault in exchange for your old notes. Of course that won't be enough to dispose of a billion naira. In comes the Bureau de change mallam! Those ones will gladly sell you hard currencies at their disposal.

Now not only have you succeded in disposing your expiring Nigerian currencies, you have mopped up the dollars and pounds that legitimate Nigerian businessmen will have accessed for importation to drive the daily economy.

Conclusion? You have just added to the scarcity of foreign currencies which in turn adds to the worsening rate of inflation.

Now, please tell me the wisdom in this particular Buhari/Emefiele brand of economics just when elections are around the corner?!

you can deposit billions today, you can not withdraw same amount in two weeks. The banks will not have enough cash to give you. There's a reason you the politician stashed away the funds in the first place.

You know how difficult it is for you to get those funds on impromptu. Remember that while funds are dispensed to politicians, ordinary people like me and you will also be needing cash.

Think about it like obtaining mint funds. The new notes will be more scarce. Don't expect CBN to reprint all the funds that are returned immediately. The CBN is also using this as a form of inflation control. There's insane amount of money outside the banking system, this will curb it

God will pin these APC people down walahi

Tufiakwa

What concerns Dangote with money no dey?

Wetin concerns poor man with dollar don rise when him and family never chop?


I can even tell you, this will even encourage looters to loot more,

Simple strategy, just change the money you stole to virtual cash in your bank account or share it for many people to keep in their account.

Mumu Buhari, he thinks only one man can rule Nigeria?
Even thieves too have groups, bandits have cabals too.
The don't work alone, idiot man came in 2015, he was shouting I will fight corruption, I will fight corruption, and he didn't work with a team, he wanted to work alone, a tree cannot make a forest,
Now what has he achieved?
Wasted effort, pro Bono, who losses? You destroy the money in my hand, you can't catch me, there is no evidence, EHN WHEN YOU KEAVE POWER, I WILL STILL CONTINUE TO LOOT THE NATION,
idiot president,

How many times will they continue to change the currency? When corrupt politicians and civil servants are looting as we speak?
#itiswell!

Una destroy =N=6 trillion worth of bank note in 8 years, but una they say there is too much money in circulation so which one una they burn since not to mention e-transactions that has taken bull off our spending..the more you look the less you see.. Lol!!

Obidient4life3:
Buhari was forced into signing that law by our ignorant Senators. That's why he rushed to court immediately after signing it , while the mumu Senators that was forcing him didn't even read the content. When the public started explaining the content to them they rushed to amend it but Buhari refused to sign the amended one too. All I can is God confused the enemies of Nigeria!

LoL


I don't know why people will believe this. You look Buhari finish think he's someone who can be forced to do anything in this life?

This same electoral reforms could have stopped Buhari in 2019 but he refused to sign it. He has nothing to lose so he signed it now

What level you are could be worse than denigrating who's known and more respected than you

kenedy175:
I'll never stoop so low to your level.

erico2k2:
Bross direct wiring unto azza sure pass physical cash.

you're not in Nigeria and so you don't know how vote buying works.

It's direct cash before I get to the pooling booth. You want tell me service no dey to do transfer?

You want to tell the people in the villages who produce the needed numbers that you're going to make transfer?

michlins:
you can deposit billions today, you can not withdraw same amount in two weeks. The banks will not have enough cash to give you. There's a reason you the politician stashed away the funds in the first place.

You know how difficult it is for you to get those funds on impromptu. Remember that while funds are dispensed to politicians, ordinary people like me and you will also be needing cash.

Think about it like obtaining mint funds. The new notes will be more scarce. Don't expect CBN to reprint all the funds that are returned immediately. The CBN is also using this as a form of inflation control. There's insane amount of money outside the banking system, this will curb it

LMAO!

Oga, why are you sounding as if you're not a Nigerian?
Is it not in this same country a politician moved two bullion vans of Nigerian currency to his compound on the morning of election day?

The Nigerian system respects the rich and influential. Even a state house of assembly speaker can walk into a bank and come out with a van carrying a billion naira of these same new notes you're so confident about without stress.

All they need to do is convert physical naira notes to dollars and pounds, then begin to change same and withdraw the new notes from January. Do you not understand how endemic corruption in Nigeria is? Bank managers and staff will deff cash out between now and February and the politicians will be all too willing to splash huge tips just to get the new notes, which they most certainly will.

This is Nigeria! Falz wasn't sleep-walking on hard substances when he sang that song.

Destruction gulps N3.88bn

In a related development, further findings showed that N3.88bn was spent by the CBN to destroy the N4.1tn mutilated banknotes disposed off between 2016 and 2020

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Howw

How will shedding old Banknotes cost 3.88bn

michlins:
you're not in Nigeria and so you don't know how vote buying works.

It's direct cash before I get to the pooling booth. You want tell me service no dey to do transfer?

You want to tell the people in the villages who produce the needed numbers that you're going to make transfer?

I read almost all your replies. They were very informative and enlightening. You also made your points without the usual Nairaland bitter attitude. Thanks man!

"Regime is an dog whistle word used by some media outlets. We see the online dogs have obeyed the command.

Dshocker:
A particular greedy man will be forced to return over N20b cash he has stashed in Bourdillion, monies that has been mapped out to use in rigging election.

The only reason why the federal govt/CBN is changing or redesigning our currency, is because of one man, a man that leaves in Bourdillion.

They intentionally made ASUU strike to linger, so students will be against APC

The president signed the electoral bill into law, so no room for rigging

Finally, they want to redesign the naira, so that he won't have any cash to bribe people to vote for him

All these are intentional plots by the north to clip the wings of the greedy man.

But e dey sweet us for belle, because Peter Obi of Labour Party go win am.

That greedy dude you talking about spends in dollars...
Moreover, it will never be difficult for such a man of great political pedigree to change looted monies for new currencies in the bank at any given time ...he is just a call away
It's just what it is....

APC only knows how to destroy....

michlins:
you're not in Nigeria and so you don't know how vote buying works.

It's direct cash before I get to the pooling booth. You want tell me service no dey to do transfer?

You want to tell the people in the villages who produce the needed numbers that you're going to make transfer?

Bross are those the people who count during election day?the people who make the decisions on the outcome of an election result in a corrupt country like ours are not the ones who go and stand in the queue to vote.

michlins:
LoL


I don't know why people will believe this. You look Buhari finish think he's someone who can be forced to do anything in this life?

This same electoral reforms could have stopped Buhari in 2019 but he refused to sign it. He has nothing to lose so he signed it now

I think I agree with you on this one!He has nothing to lose, he is going to enjoy his retirement!

SirJerrie:
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Howw

How will shedding old Banknotes cost 3.88bn

this is Nigeria...