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New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline - Business (5) - Nairaland

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Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by franco3075q(m): 11:33am On Jan 27, 2023
O church
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by tollyboy5(m): 11:34am On Jan 27, 2023
ogwumgbe:


Use transfer to transact your business, that's the aim
You dey wyn yourself.
How will my mum do transfer?

My mum don't know all this automated stuff so as many market women. Why create policy that affect thousands of people negatively, emefiele is so dumb!

3 Likes

Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by tollyboy5(m): 11:37am On Jan 27, 2023
ZombieSlayer1:

You'll be surprised on the election date bank will have "network problems"😂😂

Tinubu has been scammed
See your mumu logic. Banks will want to loose millions of online transaction because of election to favor another?

Wetin you smoke?

3 Likes

Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by lagosrd: 11:38am On Jan 27, 2023
Criminal cartels and cabals. CBN should not accent to their request. Imagine A regulatory body giving instructions and all these useless banks are ganging up cos it's politicians that owns them.

Well we will see how strong, firm and serious the CBN is . All these commercial banks CEOs that should be in jail.

CBN will domicile loans in their banks at a single digit they will multiply it by 3 and still give it out in every six months.

CBN should use efcc to follow up any bank CEO whose bank refuse to do the right thing. Even if you're coming from America , it shouldn't take you forever to get to bank and change your money.
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by tollyboy5(m): 11:40am On Jan 27, 2023
TheNiceGuy:
Emefiele is just a total catastrophe.

The old note is being rejected yet we're not getting the new ones. angry

I Went to bank very early, haven't spent hours unfortunately I was still paid the old note which I rejected.
You rejected old note?

You never ready.
Emefiele is just wynin himself. Na sack letter e go recieve last last.

This is emefiele against Nigerians minus obidients

3 Likes

Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by walozanga(m): 11:42am On Jan 27, 2023
Holybwoy:
There will be no extension!!!

the masses have already adopted to the suffering that the scarcity can bring.. we will endure until after the presidential election..

Your plan to circulate and bribe us with 5k and Rob us blindly for another 8 years will not happen!!!


Na by force to collect their money? Everything must not be politics in Nigeria. Reason the impact of their decision on the lives of a common man

3 Likes

Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by stuffs2002: 11:44am On Jan 27, 2023
WarriAproko:
Whats wrong with Emefiele

He is a JUDAS trying to sabotage the efforts of FG

1 Like

Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by stuffs2002: 11:46am On Jan 27, 2023
Acidosis:


What are you criminals extending self?? Are you extending the deadline to enable you deposit your old notes or what exactly? Today marks the 95th day that CBN told you criminals to deposit your old notes. What else do you want?

IPOB can be so DUMB.

Were the old notes in circulation?
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by millionboi2: 11:49am On Jan 27, 2023
Terver90:
We don't want them to interfere with this policy, this policy is in a positive direction for the country, we don't want the greedy politicians who will stop at nothing to have this country remain in this situation or worse to their selfish benefits. Since last year they didn't hid to nor comply to the policy, why wait till rush hour?
the new note was not available then
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by TheNiceGuy(m): 11:49am On Jan 27, 2023
I had to.
It's no more taken
tollyboy5:

You rejected old note?

You never ready.
Emefiele is just wynin himself. Na sack letter e go recieve last last.

This is emefiele against Nigerians minus obidients
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by olumide4christ: 11:51am On Jan 27, 2023
ogwumgbe:


Use transfer to transact your business, that's the aim

Bros...have you gone to the market before to buy tomatoes, pepper, etc?
Have you entered a bus or public transport before?
Will you tell Iya Risi, the food seller at the market that you should transfer money to her account?
Will you tell Kazeem or Johnbull the bus driver or conductor that you will transfer N100 to him for the transport fare?
Will you tell your vulcanizer to give you his account number to transfer N200 to him for pumping your tyre?
Haven't you done a transfer and the transaction hung & you couldn't get the goods or services you want to pay for?

Will you tell me that within these 26 days of 2023, you have never had a reason to have to spend cash?

Let's call a spade a spade! Elections will come and go. There is life after elections! This naira re-design is simply a policy somersault. If all the banks in the whole of Ilupeju axis from GTB to Access to Zenith to UBA to Heritage to Sterling bank, etc don't have the new notes as at 10am this morning, doesn't that tell you that there's a crisis brewing?
All in the name of stopping vote buying?

Like I have said before, the politicians and the rich people in this country will never lack new Naira notes...it's only people like us that will lack it. The banks will give the rich and wealthy the new notes before you and I because the money those people have in their bank accounts is what keeps the banks afloat.
Having worked with 2 billionaires while I was in paid employment, I know what I'm talking about.

Las Las... everybody go chop the breakfast wey we think say na only few people go chop!

2 Likes 1 Share

Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by tollyboy5(m): 11:51am On Jan 27, 2023
NewNg1:
Who are the biggest shareholders and control of bank proxy owners if not politicians.

The Nigeria people will not extend the deadline beyond 14th of February. They should better sit up.
Because you are supporting pitobi doesn't make your choice Nigeria choice.

1 Like

Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by winner37(m): 11:52am On Jan 27, 2023
Chicken brain human beings ..
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by CaptainFM1: 11:54am On Jan 27, 2023
baralatie:

So if you entered a bank at night to withdraw 1500 to pay for foodstuffs that is in your hands,only for ATM to give you old notes.you will call police since the traders insist on cash

I've never touched physical cash in 2years. It's a conscious decision I made for myself. I get to save more and quite account for how I'm spending compared to when I was taking cash almost every day.
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by Parachoko: 11:54am On Jan 27, 2023
obotematics:
No extension Nigerians
Let's Embrace change once and for all
Mumu talk
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by Parachoko: 11:55am On Jan 27, 2023
Acidosis:


What are you criminals extending self?? Are you extending the deadline to enable you deposit your old notes or what exactly? Today marks the 95th day that CBN told you criminals to deposit your old notes. What else do you want?
the deadline needs to be extended because the new notes have not yet circulate
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by olumide4christ: 11:56am On Jan 27, 2023
CaptainFM1:
They and the HoA can put heads together, but they can't decide for the CBN and the president. 3months is more than enough for everybody to take their money to the banks. In any case, they still have today, Monday and Tuesday to do so.

Can't you people understand the problem here?!

The problem here is not people depositing old notes..THE PROBLEM IS THAT THE BANKS DON'T HAVE NEW NOTES TO DISPENSE TO NIGERIANS... THAT'S THE PROBLEM!

From Mushin to Ilupeju, the bank ATMs aren't dispensing and they say the reason is that they are still expecting the new notes from CBN, as at 10-11am this morning.

Blame the CBN, NOT INNOCENT NIGERIANS!

2 Likes

Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by Parachoko: 11:57am On Jan 27, 2023
tarantino1:
It has to be done. Anything else na just CBN fooling themselves. You can't put the lives of 200 million people in a state of constant stress and anxiety just because of one man
Cashless policy have been existing since the tenure of Sanusi as the CBN Governor.

There's no need to rush things at all.

The New notes have not circulate, so there's a need to extend the deadline.

Some of the policy don kick off, nobody is against the cashless policy, but the deadline is not realistic.
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by Nobody: 11:58am On Jan 27, 2023
babaolofin:


If they extend it they are very shameless and cowards. Tinubu is a great man and and a great thinker. Great men have purposes, others only have wishes.

A government of no coordination. A government where 5 days to the expiration of currency change, 90% of rural dwellers are yet to see the new notes. A government where the Minister of Finance briefed FEC that she was not briefed by CBN governor about Naira redesign and only got to know through media. A government where CBN governor escaped arrest by DSS and fled abroad and later converted it to Annual leave and overstayed because of DSS and Attorney General.

By January 31, 2023 if the CBN governor or the President extend the deadline for currency swap then they are bunch of cowards and failure. Only fools reason like mad men.

Tinubu is a very intelligent and courageous man. We stand by him and we are proud of him

Tinubu supporter
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by CaptainFM1: 11:58am On Jan 27, 2023
olumide4christ:


Can't you people understand the problem here?!

The problem here is not people depositing old notes..THE PROBLEM IS THAT THE BANKS DON'T HAVE NEW NOTES TO DISPENSE TO NIGERIANS... THAT'S THE PROBLEM!

From Mushin to Ilupeju, the bank ATMs aren't dispensing and they say the reason is that they are still expecting the new notes from CBN, as at 10-11am this morning.

Blame the CBN, NOT INNOCENT NIGERIANS!

Is withdrawing physical cash the only means of transaction or payment for goods? I've not seen not touch physical cash in almost 2years running.
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by hohafrank(m): 12:01pm On Jan 27, 2023
After collecting money from Tinubu they are asking for extension.Corrupt set human beings.
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by sonofanarchy(m): 12:02pm On Jan 27, 2023
Luckylife:
Two weeks extension is reasonable!
they had since October last year, they sold billions of new naira notes to their polithieftian. No extension, we'll go cashless. I trust buhari, he doesn't eat his words, that's what I love about him.
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by Horus(m): 12:03pm On Jan 27, 2023

https://www.youtube.com/watch?v=A_QMvk7_qwM

Commercial Banks Join Calls For Deadline Extension For New Naira Notes
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by Parachoko: 12:03pm On Jan 27, 2023
SamOchuko:



It is obvious, it is why they don’t want to collect and distribute the new notes, they might be receiving kick backs from hoarders of the old notes hence they need more time to receive more old notes/kick backs from our polithievcians
Why is Emefiele not sanctioning them for ruining the policy?
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by Matprinze: 12:04pm On Jan 27, 2023
WarriAproko:
Whats wrong with Emefiele

What’s wrong with him. Maybe we should be asking you that question. Because I don’t see anything wrong with this whole.
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by Parachoko: 12:05pm On Jan 27, 2023
frugal:
Extension will just make people suffer twice. There should be no going back. We'll adjust.
I'm not ready to suffer.

The only reason reasonable people are asking for extension is because the new notes have not circulate yet.

With an extension of the deadline, there will be enough time for the money to circulate.
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by Parachoko: 12:07pm On Jan 27, 2023
onuman:


Best option is for government to arrest these thieving bank executives, detain them until the election they want sold to their clients, the highest bidders, is concluded. Nobody can be watched to scuttle the objective of the currency redesign.
So who's stopping the Government from arresting them all this while?

Why is the CBN not also sanctioning the banks if they have been flouting the CBN order?

Common sense suppose let you know that, the new notes have not circulate yet, so there need to be an extension.

If the CBN is releasing enough money to the banks, do you think the CBN would have been these lenient on the banks? The CBN that is not even bold enough to tell Nigerians how much have been printed.

The policy is a good one, and no one is asking for the policy to be scrapped, there's just a need for an extension.

1 Like

Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by ZombieSlayer1: 12:07pm On Jan 27, 2023
tollyboy5:

See your mumu logic. Banks will want to loose millions of online transaction because of election to favor another?

Wetin you smoke?
For the past few months banks have been having issues mostly due to the loss of their key technical staff to the japa movement. Between Tuesday and Yesterday Fidelity bank has been undergoing "maintenance". What's your take on this?
The same CBN who came up with this currency change policy can also mandate banks to monitor transactions and to issues a Post No Debit on any account observed to be paying out multiple transactions of small small amounts which is synonymous to vote buying.

No dey cap nonsense
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by Johnken1234: 12:07pm On Jan 27, 2023
I don't understand what is actually happening in this country. Emefiele accused CEOs of commercial banks of contributing to the scarcity of new naira notes as CBN has printed a quite number of these notes. Then the NASS invited the CEOs for questioning. What was the questions put accross by the NASS to the CEOs, where they able to refute or defend this claim by Emefiele. That is what we want to hear, if it is not so, what is the essence of inviting them in the first place. In that case, there was no meeting. And finally, is Emefiele not supposed to be in this meeting??

This people are just playing with our intelligence.
Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by tollyboy5(m): 12:17pm On Jan 27, 2023
ZombieSlayer1:

For the past few months banks have been having issues mostly due to the loss of their key technical staff to the japa movement. Between Tuesday and Yesterday Fidelity bank has been undergoing "maintenance". What's your take on this?
The same CBN who came up with this currency change policy can also mandate banks to monitor transactions and to issues a Post No Debit on any account observed to be paying out multiple transactions of small small amounts which is synonymous to vote buying.

No dey cap nonsense
You be big mumu,

Because tech guys are dropping from banks you think it's what they have control of?

So bank will loose millions on election day because one idiot cbn governor is playing policy politics and some people who tagged themselves obidient are rejoicing at the detriment of millions of Nigeria citizens.


Just soso dumb! Infact over dumb!

1 Like

Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by tradepunter: 12:18pm On Jan 27, 2023
babaolofin:


I am very sure Adebanjo, Okupe and Obasanjo cannot escape. Any of them that escapes only transfer the judgment to their children.

A government where 5 days to the expiration of currency change, 90% of rural dwellers are yet to see the new notes. A government where the Minister of Finance briefed FEC that she was not briefed by CBN governor about Naira redesign and only got to know through media. A government where CBN governor escaped arrest by DSS and fled abroad and later converted it to Annual leave and overstayed because of DSS and Attorney General.

By January 31, 2023 if the CBN governor or the President extend the deadline for currency swap then they are bunch of cowards and failure. Only fools reason like mad men.

Tinubu is a very intelligent and courageous man. We stand by him and we are proud of him

Courageous man keee you there..... God please wash these demons away from this land ..

Massacre and deaths for the last 8 years nor tire you!?? God please wash these people away from this land

1 Like

Re: New Naira Notes: CEOs Of Commercial Banks Back Extension Of Deadline by frugal(m): 12:19pm On Jan 27, 2023
Parachoko:
I'm not ready to suffer.

The only reason reasonable people are asking for extension is because the new notes have not circulate yet.

With an extension of the deadline, there will be enough time for the money to circulate.

People are already suffering because a few are hoarding it. Extension will not make the money to circulate. It'll just give hoarders more time to hoard more, and then we're back to the same suffering all over again. Money will come out and circulate after the deadline.

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