SmartPolician:
How did an empty man like Godwin Emefiele rise to become the GMD of almighty Zenith Bank?

I guess it was through office politics that sacrificed competence on the altar of political sagacity

In all fairness though, this naira redesign policy remains the best thing he has done since he took over that office. The only challenge is poor implementation.

Scientheosopher:
The popular narrative that it would reduce or stop voting buying during the election is largely false. Politicians will buy it from Bank managers and thus would have it to buy the votes. And I think this the major reason it's scare: majority of the ones given to banks have been bought by politicians.

All I see is a big win for the lords of CBN and Banks. But huge suffering to the poor masses.

#As pointed out by the article, the deadline will be postponed. Don't panic.

My fear however is that considering the current fuel scarcity in addition to the deadline, it would likely lead to a protest. This might necessitate postponing the election date thereby extending Buhari's stay in office. Very bad!

OyeofIkoTuN:


Yes it needs to be scarce..the voters are tired of 200naira and 500naira..Those werey too stingy.

Now they get to fling 1000naira in the air....

God1000:
The new naira notes are very scarce, especially the five and two hundred naira notes.

I know this may be a way preventing politicians from vote buying but it will hurt nigerians as well

People are already throwing the old naira notes away

Seun:

He is still printing money for Buhari to spend. If he was worried about inflation he ought to have stopped. The money he prints for Buhari is electronic money, not physical money. Therefore withdrawing notes has nothing to do with inflation. It is only going to crush the poor.

Scientheosopher:
The popular narrative that it would reduce or stop voting buying during the election is largely false. Politicians will buy it from Bank managers and thus would have it to buy the votes. And I think this the major reason it's scare: majority of the ones given to banks have been bought by politicians.

All I see is a big win for the lords of CBN and Banks. But huge suffering to the poor masses.

#As pointed out by the article, the deadline will be postponed. Don't panic.

My fear however is that considering the current fuel scarcity in addition to the deadline, it would likely lead to a protest. This might necessitate postponing the election date thereby extending Buhari's stay in office. Very bad!

owobokiri:
Could it be that Emefieli who has been printing money for Buhari like a printing machine is worried that there's way too much money in circulation and might be using this policy to reign in on that?

Scientheosopher:
The popular narrative that it would reduce or stop voting buying during the election is largely false. Politicians will buy it from Bank managers and thus would have it to buy the votes. And I think this the major reason it's scare: majority of the ones given to banks have been bought by politicians.

All I see is a big win for the lords of CBN and Banks. But huge suffering to the poor masses.

#As pointed out by the article, the deadline will be postponed. Don't panic.

My fear however is that considering the current fuel scarcity in addition to the deadline, it would likely lead to a protest. This might necessitate postponing the election date thereby extending Buhari's stay in office. Very bad!

seunmsg:


I disagree with your conclusion that it will lead to postponing the election and an extension of Buhari’s administration. I really don’t think that’s the intention of the president.

However, I agree with your other points and I think that’s why even Tinubu had to come out publicly to call out CBN for the shambolic way the Naira redesign is being handled. Hopefully, we won’t see a riot next week if the deadline is not extended.

Workch:
This policy will go a long way to reduce vote buying, I need you to acknowledge that obvious fact.

BreconHills:


I dont because it won't. If this was its intent, it has been badly botched. Everyone seems to think that people are paid on the day

Meanwhile the tracking of bvn outflows would have been the better option. Together with the US warnings, this type of data would have been a serious deterrent to vote buying. This strategy? Has holes so big, you could drive a bullion van through it.

It has reduced kidnapping though, I give it that.

Workch:
Because you don't want to see how it will make cash flow difficult for election riggers doesn't mean it won't.
Reality stirs even when you win accept it

BreconHills:


I keep telling you that bloc votes are not paid for retail. Anyway let's agree to disagree. Its just 30 days away

judedwriter:


I have a feeling that we are been rushed into the cashless society....

Economic reasons or end time reasons??

Scientheosopher:
The popular narrative that it would reduce or stop voting buying during the election is largely false. Politicians will buy it from Bank managers and thus would have it to buy the votes. And I think this the major reason it's scare: majority of the ones given to banks have been bought by politicians.

All I see is a big win for the lords of CBN and Banks. But huge suffering to the poor masses.

#As pointed out by the article, the deadline will be postponed. Don't panic.

My fear however is that considering the current fuel scarcity in addition to the deadline, it would likely lead to a protest. This might necessitate postponing the election date thereby extending Buhari's stay in office. Very bad!

2elliot:
End time reasons, bro. It us happening all over the world. We are headed to the one world digital currency and government. All government around the world are working tireless to implement it. Every other thing is mere distractions and deceptions. We are doomed, but people don't know. We are headed into digital prisons, when and where anyone who doesn't conform to the govt directives will have their accounts and lives frozen just with the press of a button. And all of our lives will be monitored for compliance.

God1000:
The new naira notes are very scarce, especially the five and two hundred naira notes.

I know this may be a way preventing politicians from vote buying but it will hurt nigerians as well

People are already throwing the old naira notes away

judedwriter:


Hmmmm......

Endtimes are here.

Lukuluku69:

As things are now, the Markets in my area are not collecting the old Notes and have said they are shutting shops till after the Deadline.

Workch:
no one is buying votes for bloc votes, voting buying will be employed in swing states and to ensure that some candidates get the required 25% acceptability as described in the constitution.
As little as this maybe, it can affect the outcome of the election big time
You do not get it.

BreconHills:
It has reduced kidnapping though, I give it that.

BreconHills:


I dont because it won't. If this was its intent, it has been badly botched. Everyone seems to think that people are paid on the day

Meanwhile the tracking of bvn outflows would have been the better option. Together with the US warnings, this type of data would have been a serious deterrent to vote buying. This strategy? Has holes so big, you could drive a bullion van through it.

It has reduced kidnapping though, I give it that.

Seun:

He is still printing money for Buhari to spend. If he was worried about inflation he ought to have stopped. The money he prints for Buhari is electronic money, not physical money. Therefore withdrawing notes has nothing to do with inflation. It is only going to crush the poor.

owobokiri:
Could it be that Emefieli who has been printing money for Buhari like a printing machine is worried that there's way too much money in circulation and might be using this policy to reign in on that?

wordbank:

Political scientist is not a financial expert
He is just talking trash.

TAYO124:


Open your sabi sabi gutter and reply him now that your eyes are clearer.

wordbank:

My eyes has been clear before and now, and the policy is a brilliant one.
ICPC discoveries has proven that commercial banks are largely responsible for the new naira scarcity.
Why hoard the naira that should be in circulation?
Why sell the naira?
This artificial scarcity is not the making of CBN