₦airaland Forum

Raph82:
The stacked notes won't be useful for vote buying on Election Day, because there are new notes in circulation & the old notes are no longer legal tender. This is only possible if CBN maintains the time limit set for the public to return all their old notes to the bank.

EtinosaDLaw:
These new notes look more like the work of a bad printing machine. I'm more interested in the billions it cost tax payers to design such hideous notes

CheapHomes1:
What is the evidence that the monies being hoarded are being hoarded by politicians?
If not majorly politicians, who else? You?
You can see that about a week ago, EFCC went after these Bureau De Change guys to seize over 6 billion naira cash from them, some of the cash politicians can't take to the bank were taken to BDC guys to change to dollar notes, that was what sparked naira to fall heavily against dollar in the black market about 2 weeks ago.

Even if that is the case, so after depositing, they won't withdraw their money?
You can't expect a single individual to take like 10 billion or 30 billion naira cash to bank to deposit, that'll be against the current cashless policy of Nigeria, and it's punishable under the law, the more reason EFCC has some governors under their watch as we speak. Most of them have been cornered by CBN

GOTVee:
Even though I'm a born again Christian, this policy is targeted at those Anambra criminals using drug money to finance labour party noise all over the country. Their labour is finally in vain. God bless the federal government and our Muslim brothers and sisters

Raph82:
You can't expect a single individual to take like 10 billion or 30 billion naira cash to bank to deposit, that'll be against the current cashless policy of Nigeria, and it's punishable under the law, the more reason EFCC has some governors under their watch as we speak. Most of them have been cornered by CBN.

CheapHomes1:
You haven't answered my questions.

What is the evidence that the monies being hoarded are being hoarded by politicians?

Even if that is the case, so after depositing, they won't withdraw their money?

Which law? Can you pls state the law? May be u should ask google

Who are the people taking 10 or 30b to the bank for deposit?
You can as well check who those people could be.
We were all here when an individual moved 2 bullion vans loaded with money into his house few days before the last election.

Biffowa:
Useless country

awoo10:
This doesn't stop them from relooting...the problem is with the system not the people!!! Put a system in place for proper actions against looting n watch how economic policies will work.

GOTVee:
Even though I'm a born again Christian, this policy is targeted at those Anambra criminals using drug money to finance labour party noise all over the country. Their labour is finally in vain. God bless the federal government and our Muslim brothers and sisters

GOTVee:
Even though I'm a born again Christian, this policy is targeted at those Anambra criminals using drug money to finance labour party noise all over the country. Their labour is finally in vain. God bless the federal government and our Muslim brothers and sisters

Raph82:
I think this man wants to deal with some politicians who have stockpiled the old naira notes for the purpose of election. Majority of the money in the system left the banks long time ago, being hoarded by some bastards for their selfish interest. This singular move by CBN has put them all into trouble, to return the huge cash in their custody to banks becomes a problem for them, as they are being watched by EFCC, banks and the general public.

GOTVee:
Even though I'm a born again Christian, this policy is targeted at those Anambra criminals using drug money to finance labour party noise all over the country. Their labour is finally in vain. God bless the federal government and our Muslim brothers and sisters

GOTVee:
Even though I'm a born again Christian, this policy is targeted at those Anambra criminals using drug money to finance labour party noise all over the country. Their labour is finally in vain. God bless the federal government and our Muslim brothers and sisters

Lukuluku69:
If I remember correctly, there has been a jingle on NTA for the past 20years against spraying, mutilating and abuse of the Naira Notes. I think it comes with a fine.( I will have to check again or even a light jail term)

In Ghana, you go to jail if you mutilates the Cedi.

Carrying huge Cash has always been a crime. Money Laundering Acts stipulates the amount you can hold. There are Thresholds on Lodgement and withdrawal.

As an individual, you can't use more than #500K Cash to buy anything. The State will prosecute you! It is in the Acts!

Like I said, it is not the lack of Laws and guidelines but the Political Will to see it to the end

jimyjames:
It's not yet a hopeless case ,I still believe thing will change

zudozz:
Jihadist! Thats what you people are!

I am happy that u can no longer hold back. You are arrogant and empty enough to bring ur garbage to dis space. But I hope some people will learn their lesson. Muslim, Islam, Jihad! That what this has been all about.

An Hausa man talking abt Anambara hoarding cash? Does that make sense? Are u listening to urself? The thing is that becos u people do not have sense u believe every other person does not.

Northerners, hausas (not hungry ones like u ooh) are the people hoarding cash, not legitimate Anambara business men. Ps. go n remain in d dustbin where u belong. U dis leprosy infested maggot!

DDDDDav:
Na waooo! How can somebody be this senseless. Only generational curse can make a fo*l be more fo*lish