gfelo:
Business Men and traders will pay the prize for this corrupt politician, is very bad when big men thief the poor suffer for it.

Now people are scared to collect old note, new note not available, how do u sell, and how do you buy, not every business men and traders use POS.

juvewalex:
The New notes will still be stocked in large numbers as well in few years from now if government think this is the only way to fight against corruption while courts in Nigeria set free politicians when they face corruption charges.

You stole #9b and court would ask you to pay option fine of #100m .

If we all think these politicians would not have gotten the new notes in large number by now , then we lying to ourselves. People that their banks take cash to them in their comfort homes.

juvewalex:
The New notes will still be stocked in large numbers as well in few years from now if government think this is the only way to fight against corruption while courts in Nigeria set free politicians when they face corruption charges.

You stole #9b and court would ask you to pay option fine of #100m .

If we all think these politicians would not have gotten the new notes in large number by now , then we lying to ourselves. People that their banks take cash to them in their comfort homes.

lymelyte:
this situation is different. This time around,nobody will take bullion van of new note to his house

gfelo:
You guys should continue clapping for Buhari,

When buhari closed borders u guys were clapping, the result only affect the common man.

Now he change Naira note, the result will only affect the common man.

Incase u don't know the people he target this move to have nothing to loose.

From nextweek buying and selling will become very difficult, means of transportation will be difficult, where will you see the new note to pay motorist, what time do u have to make transfer, how convenient conductor will be using POS when passenger will be in hurry not to late to work, combining this with holdup.

Una eye go soon open what this barbarian is abt to throw the whole country to.

kingsways:


When you have the kind of monumental corruption as the type in Nigeria, you have to pay the price to end it

kingsways:


How will it affect the common man. My Common Man only needs to simply take his cash to a bank and pay into his account

Seankhalifa:
you do bank transfer.... other countries are involving... cashless policies is the best way to reduce corruption..

seunlayi:
the current queue at the banks is one of the way it's affecting a common man. The new notes are scarce till now just a day to it's invalidity, an yet to touch the 200 and 500 version. This is unusual unlike the 1984 and other exchanges I have witnessed

juvewalex:
The New notes will still be stocked in large numbers as well in few years from now if government think this is the only way to fight against corruption while courts in Nigeria set free politicians when they face corruption charges.

You stole #9b and court would ask you to pay option fine of #100m .

If we all think these politicians would not have gotten the new notes in large number by now , then we lying to ourselves. People that their banks take cash to them in their comfort homes.

Obaaderemi2:
This move will even add to the corruption. Those big politicians are the ones buying up the new naira notes now and making it scarce. In fact the bankers will take the money to the big men.

safarigirl:
The funny thing is that, while this is sticking corrupt politicians to some extent, it also has an effect on the everyday masses, because there is now scarcity.

You know why there is sacarcity? Because banks are not releasing the new notes.

You know why banks aren't releasing the new notes? Because they carried a significant amount of those notes to some politician's house.

The problem with this country is dirty corruption on every level, and weak, useless institutions that bow to the whims of a few.

Hoelujohn:

I wonder how Tinubu boys will be collecting money from conductors

gfelo:
Business Men and traders will pay the prize for this corrupt politician, is very bad when big men thief the poor suffer for it.

Now people are scared to collect old note, new note not available, how do u sell, and how do you buy, not every business men and traders use POS.

babyfaceafrica:


If I want to enter 250 bus, I should use bank transfer? If I wan buy pepper for market ko? Or take bike?.. Look, we need more new money that's my own. It isn't enough outside.
Nigeria runs a cash economy

gfelo:
Thats the point because this agenda only affect the common man.

Believeintruth:


You miss the point bro. This sudden move is the best thing the CBN has ever done because now it has made money laundering difficult and has boxed politicians and corrupt elements in a corner. If you bring large volumes of cash for swap, the banks are under obligation to report to NFIU and that singular move has put the person on the spot. What it means is that for a corrupt politician you are already giving the opponents material to institute a court case against you because moving with large wads of cash already contravenes the AML act which will be easily linked to vote buying, and if they decide to even use online channels it leaves an audit trail which will be traced to the politician.
This is good abeg.

juvewalex:
The New notes will still be stocked in large numbers as well in few years from now if government think this is the only way to fight against corruption while courts in Nigeria set free politicians when they face corruption charges.

You stole #9b and court would ask you to pay option fine of #100m .

If we all think these politicians would not have gotten the new notes in large number by now , then we lying to ourselves. People that their banks take cash to them in their comfort homes.

kingsways:
Countries don't just wake up redesign their currency because it involves a significant cost

Whilst reasons for redesign are numerous; in the case of Nigeria, Corruption is pandemic and a big problem. Corrupt and wicked Nigerians have stocked large amounts of cash outside the official financial system

One of aims of the current redesign exercise in Nigeria is obviously to tackle the issue of corruption by corrupt people who settle their corruption activities in cash

To extend the deadline will give these rogues more time to come up with ways to circumvent the redesign and therefore defeat the aim of the exercise.

Believeintruth:


Bro it is not affecting. It is the corrupt elites that are crying because of this.

Believeintruth:

I tell you that Business men are not hit at all from this already some of them have strategized for this. The people crying about this are the politicians, I agree there will be slight inconvenience on the part of the population but the benefits outweigh the inconvenience.

kingsways:
Countries don't just wake up redesign their currency because it involves a significant cost

Whilst reasons for redesign are numerous; in the case of Nigeria, Corruption is pandemic and a big problem. Corrupt and wicked Nigerians have stocked large amounts of cash outside the official financial system

One of aims of the current redesign exercise in Nigeria is obviously to tackle the issue of corruption by corrupt people who settle their corruption activities in cash

To extend the deadline will give these rogues more time to come up with ways to circumvent the redesign and therefore defeat the aim of the exercise.

babyfaceafrica:


If I want to enter 250 bus, I should use bank transfer? If I wan buy pepper for market ko? Or take bike?.. Look, we need more new money that's my own. It isn't enough outside.
Nigeria runs a cash economy

kingsways:
Countries don't just wake up redesign their currency because it involves a significant cost

Whilst reasons for redesign are numerous; in the case of Nigeria, Corruption is pandemic and a big problem. Corrupt and wicked Nigerians have stocked large amounts of cash outside the official financial system

One of aims of the current redesign exercise in Nigeria is obviously to tackle the issue of corruption by corrupt people who settle their corruption activities in cash

To extend the deadline will give these rogues more time to come up with ways to circumvent the redesign and therefore defeat the aim of the exercise.

gfelo:
Business Men and traders will pay the prize for this corrupt politician, is very bad when big men thief the poor suffer for it.

Now people are scared to collect old note, new note not available, how do u sell, and how do you buy, not every business men and traders use POS.