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Nairaland Forum / Nairaland / General / Politics / Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action (30268 Views)
Emefiele Speaks On Accusation Of Opening 593 Foreign Bank Accounts / PDP Reacts As Wike Dumps Obaseki, Reveals Next Line Of Action / Okorocha Reacts To APC Suspension, Reveals Next Line Of Action (2) (3) (4)
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Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by TheAlchemist: 11:12am On Jan 30, 2023 |
WHITELIGHTER: Just like what obtains at petrol stations, the fuel attendants will rather sell 5 kegs before selling to 1 car, because of the money they want to make. This is the major reason why car owners will spend 6 hours on queue just to buy fuel. 1 Like 1 Share |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by broadman20: 11:18am On Jan 30, 2023 |
rickpat: That's the problem, the CBN is trying to moderate the number of Naira notes in circulation but the people are hording the note in order to defeat the aim of CBN. How can you deposit 100k Naira in the bank and you want to withdraw the same amount? Please Nigerians should learn how to use transfer platforms for their transactions. There is no going back. 1 Like 1 Share |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by lexy2014: 11:21am On Jan 30, 2023 |
vikstandon: Who gave the directive and to whom was it given? How do you know that "Most banks and their officials deal out this new currency to corrupt individuals in exchange for the ill gotten funds"? If there wasn't a deadline, would there be scarcity? |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by vikstandon(m): 11:28am On Jan 30, 2023 |
baralatie: All we fail to understand is the idea behind the policy. CBN wants to limit physical handling of currency and encourage electronic transaction. So the Cashless policy is geared towards receiving the Old currency (1 billion), which must be credited and held virtually as your financial asset. The 200 million Naira is to be used to encourage few transactions done on a minute scale. CBN is to Commercial Banks what the Commercial Banks are to individuals. So if you returned 1billion old notes and received 200million new notes, it means you have a virtual holding of 800 million and a physical holding (or cash) of 200 million... All na still your money. When you want to make huge transaction like paying for groceries, paying rent, shopping, buying land, buying building materials, paying for furnitures, paying educational fee, do it electronically. Transactions like buying pepper of #50, paying #50-200 t-fare can be done with cash. 2 Likes 1 Share |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by Solocoin: 11:29am On Jan 30, 2023 |
Banks managers are the people sabotaging the effort of the CBN Governor by selling the new note to the highest bidders and allow the poor masses to suffer. Banks managers should be arrested for them to give explanation why the new note is not in circulation. 2 Likes 2 Shares |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by slimmoney(m): 11:30am On Jan 30, 2023 |
Why is the guy fidgeting at the sight of Buhari? |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by slimmoney(m): 11:32am On Jan 30, 2023 |
Why is the guy fidgeting at the sight of Buhari |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by Validated: 11:33am On Jan 30, 2023 |
God1000: Since 2016 only N500 billion has been in circulation within banking system. That is what was printed and it is enough until after March 2023. 1 Like 1 Share |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by TheNiceGuy(m): 11:52am On Jan 30, 2023 |
U don smoke again MajorOvakporaye: |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by baralatie(m): 11:57am On Jan 30, 2023 |
vikstandon:You seem to not see the problem The structural backbone for cashless society across Nigeria is faulty and in adequate.the things of which is known to the cbn and has not addressed them. Cbn has been pumping cash into the society through overprinting to save this administration Cbn itself said it has received #1 trillion in old notes into its vault aside from the #2 trillion circulating in trade and transfer within the banking circuit. Now the cbn under supplied the new notes creating scarcity of funds breathing apathy for new notes Therefore the cbn cannot now say it's aim is to pursue cashless when the new notes are already in the hands of those who hoarded it in the first place(at least for the replacement of their old stash of cash) 1 Like |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by baralatie(m): 11:58am On Jan 30, 2023 |
Validated:So where did emefiele get #3 trillion in Nigerian system and that his has received #1 trillion of old notes |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by maasoap(m): 12:24pm On Jan 30, 2023 |
rickpat: But Zombiedients are loving this development because they have made them believe that this is to prevent Tinubu from vote buying |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by maasoap(m): 12:28pm On Jan 30, 2023 |
TheNiceGuy: They're introducing cashless economy, they said that clearly. What I don't understand is why people refused to link the inadequacy of new naira notes to implementation of cashless economy. One newspaper reported that just 200 billion naira was printed to replace 3.1 trillion naira in circulation. Not minding the fact that Nigeria is a developing nation with high Illiteracy level thereby relying heavily on cash 2 Likes 1 Share |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by Nolevel666: 12:28pm On Jan 30, 2023 |
Well,this man is a good orator. |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by Doctee: 12:30pm On Jan 30, 2023 |
Una go all hear am when they add money to stamp duty and value added tax |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by maasoap(m): 12:31pm On Jan 30, 2023 |
gaby: Tinubu disgust Buhari now, after he came to his rescue and told him to wail no more? Lol. |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by maasoap(m): 12:39pm On Jan 30, 2023 |
SpecialAdviser: Really? So, what is Emefiele and Buhari going to achieve then? |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by maasoap(m): 12:44pm On Jan 30, 2023 |
adekolaelect: Exactly my brother. If I tell you the amount of money I lose on daily basis due to electronics fees, you will be angry. Now, see what they came up with again! People are now paying 1k as a charge to get 5k new notes from POS operators. 1 Like 1 Share |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by vikstandon(m): 1:08pm On Jan 30, 2023 |
baralatie: Who aided that? How did it get into their hands. This is the question, since morning we have not come to terms with. I said the Commercial Banks Officials are aiding that... Most of you disagreed. Is either the apex bank staff or commercial bank staff helped them get their hands on it. You see the system is being sabotaged. |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by gaby(m): 1:29pm On Jan 30, 2023 |
Jack500: Just like the two idiots who brought you into this world to bury your head under Tinubu's butt-hole. Asswiped brainless dolt. 1 Like 1 Share |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by gaby(m): 1:32pm On Jan 30, 2023 |
[quote author=Babastrong post=120492805][/quote] The same way the two asswipes who should naturally have kept away from copulating but went against all entreaties not to upset nature's balance. Thunder fire your head there, you non-entity. |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by gaby(m): 1:37pm On Jan 30, 2023 |
Mccullum: Do you think everyone on here is like you whose skull is perpetually on a hiatus? Asswipe. You had better stay out of my mentions for your good and sanity. |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by gaby(m): 1:38pm On Jan 30, 2023 |
DonPADRO: I'm not talking to people whose cranium is poo-filled. Copy that? |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by baralatie(m): 2:04pm On Jan 30, 2023 |
vikstandon:Is it the commercial banks that collected #1 trillion naira in old whilst still having #2 trillion in circulation only to disburse less than #200 billion in new for the whole federation? Abi where do you want commercial banks to get the needed new notes to load onto the atm |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by WHITELIGHTER: 2:09pm On Jan 30, 2023 |
lexy2014: Bro if you don't know what's going on, rest then. Don't have strength to start going back and forth about what's obvious. |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by WHITELIGHTER: 2:11pm On Jan 30, 2023 |
baralatie: Isn't that the idea behind cashless policy? Less cash so people can do more of online transactions but the banks are hoarding the little available for use because as a people we like paper cash |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by baralatie(m): 2:12pm On Jan 30, 2023 |
WHITELIGHTER:So why is it that the cbn that said you can get below 20k withdrawal of #200 note is defaulting? |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by Babastrong(m): 2:13pm On Jan 30, 2023 |
[quote author=gaby post=120498599] The same way the two asswipes who should naturally have kept away from copulating but went against all entreaties not to upset nature's balance. Thunder fire your head there, you non-entity.[ IGANNAMOJO will not let you know peace.] |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by tosyne2much(m): 2:13pm On Jan 30, 2023 |
BeauBragnar11:You're right! The swap is a way of burning up many Naira notes in circulation |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by WHITELIGHTER: 2:15pm On Jan 30, 2023 |
baralatie: How're they defaulting? Like I said, it's the banks that are the real culprits...if you still don't understand how this things work, chillax and stop beer parlour argument... 2 Likes 1 Share |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by WHITELIGHTER: 2:17pm On Jan 30, 2023 |
BeauBragnar11: Exactly, I don't understand how many still don't get it... we've almost 4tr naira in circulation which is too much. The govt want it to be around 1trn just as they met it in 2015...the only way to get it done is by introducing new notes and that's the best decision |
Re: Emefiele Speaks Tough On February 10th Deadline, Reveals Next Line Of Action by Bebigiby: 2:19pm On Jan 30, 2023 |
The CBN naira swap deadline is illegal see https://www.nairaland.com/7546457/why-cbn-naira-swap-deadline |
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