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Despite Extension, Nigerians Can’t Withdraw Old, New Notes - Business (6) - Nairaland

Nairaland ForumNairaland GeneralBusinessDespite Extension, Nigerians Can’t Withdraw Old, New Notes (20634 Views)

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Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by kevoh(m): 12:51pm On Jan 31, 2023
lexy2014:
How is the system over ready? Can you pls explain?

If you say people are stubborn is by forcing them or helping them to see why they should switch from cash to cashless?

How many "stubborn people" were forced to use ATM cards?

Why create chaos and suffering because you want people to go cashless?

How did you come to the conclusion that "nobody seems to want to use" banks e-channels? Is that what the banks told you?
If you don't want to use cashless options, no big deal. You still have other options :
1. Keep complaining about "Chaos and suffering"
2. Pay 25% fee to collect new notes from POS or stick to using old notes that will soon be rendered invalid by Feb 10.
3. Stay long hours on ATM queues to withdraw max 20k if you are lucky the ATM dispenses.

Whatever you choose from the 3 options to do your day-to-day transactions is none of my business at the end of the day. Last, Last everyone will be alright months from now!
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by lexy2014: 12:54pm On Jan 31, 2023
kevoh:
If you don't want to use cashless options, no big deal. You still have other options :
1. Keep complaining about "Chaos and suffering"
2. Pay 25% fee to collect new notes from POS or stick to using old notes that will soon be rendered invalid by Feb 10.
3. Stay long hours on ATM queues to withdraw max 20k if you are lucky the ATM dispenses.

Whatever you choose from the 3 options to do your day-to-day transactions is none of my business at the end of the day. Last, Last everyone will be alright months from now!
That's not what I asked you.

How is the system over ready? Can you pls explain?

If you say people are stubborn is by forcing them or helping them to see why they should switch from cash to cashless?

How many "stubborn people" were forced to use ATM cards?

Why create chaos and suffering because you want people to go cashless?

How did you come to the conclusion that "nobody seems to want to use" banks e-channels? Is that what the banks told you?
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by stagger: 1:16pm On Jan 31, 2023
Urchinpainer:
Do you work in the bank? If not then keep quiet!
Na two of us dey this country. I was around in 1984 when a similar exchange was done. Where were you then?
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by omonnakoda: 1:18pm On Jan 31, 2023
stagger:
Na two of us dey this country. I was around in 1984 when a similar exchange was done. Where were you then?
I was around too. It did not achieve anything
You must remember the 53 suitcase story Even under a military government Oluwole thrived as a centre of forgery
The other time this happened was during the Civil war. That experience may have inspired Buhari
When Awolowo did it it was targeted at Biafra and Gowon was not informed.That was a war situation
In 1984 it was targeted at politicians but there is no evidence that it actually worked
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by stagger: 1:23pm On Jan 31, 2023
omonnakoda:
I was around too. It did not achieve anything
You must remember the 53 suitcase story
Yes, they belonged to Major Mustapha Jokolo's dad and Atiku was the Comptroller of Customs at the airport.

That currency change actually worked because a 2-week time period was given by military fiat and a cap was put on how much money you could change, based on assessments of what your profession paid you. Many politicians who stored money in Premier Beer cartons (if you remember) lost all their stashed money while they cooled their heels in various prisons across the country.

Most of those politicians were rehabilitated under IBB and Abacha. If they had stayed poor after that 1984 currency change, Nigeria would have been the better for it.
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by omonnakoda: 1:25pm On Jan 31, 2023
stagger:
Yes, they belonged to Major Mustapha Jokolo's dad and Atiku was the Comptroller of Customs at the airport.
Jokolo was Buhari's ADC
Buhari is okay with corruption if it is one of his own
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by stagger: 1:27pm On Jan 31, 2023
omonnakoda:
Jokolo was Buhari's ADC
Buhari is okay with corruption if it is one of his own
Yes, Jokolo was Buhari's ADC but the money belonged to his dad who was the emir of Gwandu.
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by omonnakoda: 1:29pm On Jan 31, 2023
stagger:
Yes, they belonged to Major Mustapha Jokolo's dad and Atiku was the Comptroller of Customs at the airport.

That currency change actually worked because a 2-week time period was given by military fiat and a cap was put on how much money you could change, based on assessments of what your profession paid you. Many politicians who stored money in Premier Beer cartons (if you remember) lost all their stashed money while they cooled their heels in various prisons across the country.
I do not believe it worked at all
That is not my recollection.

I remember a lot of underhand dealing at Bristol Hotel in Lagos where they sold currency . That carried on throughout
The highest cash seizure was from Barkin Zuwo 3.4 million naira which happened long before the currency change
I don't believe there was any public review of the success
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by stagger: 1:31pm On Jan 31, 2023
omonnakoda:
I do not believe it worked at all
That is not my recollection.
You
I remember a lot of underhand dealing at Bristol Hotel in Lagos where they sold currency . That carried on throughout
The highest cash seizure was from Berlin Zuwo 3.4 million naira which happened long before the currency change
His name is Sabo Barkin Zuwo, the Kano governor who beat Abubakar Rimi of the PRP in the Verdict '83 polls.
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by omonnakoda: 1:32pm On Jan 31, 2023
stagger:
F
His name is Sabo Barkin Zuwo, the Kano governor who beat Abubakar Rimi of the PRP in the Verdict '83 polls.
Rigged election
Government money in government house
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by stagger: 1:33pm On Jan 31, 2023
omonnakoda:
Rigged election
Government money I government house
A heavily rigged election. That was when ballot box stuffing and snatching was perfected because the boxes then were made of wood and not the transparent material used these days. Some of the boxes arrived already stuffed with votes.
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by omonnakoda: 1:34pm On Jan 31, 2023
stagger:
Yes, Jokolo was Buhari's ADC but the money belonged to his dad who was the emir of Gwandu.
Well we never confirmed whether it was money but we know that suitcases entered the country in the middle of the exchange and were not searched
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by macjireh: 2:01pm On Jan 31, 2023
bennybuhari:
Buhari punishing Nigerians but some morons said he is punishing Tinubu

Tinubu will never queue for fuel or naira notes and withholding it won't stop him from winning if God wants him
*WHEN GOD ACTED*

Does anyone remember 1983 to 1985? Under Buhari a Muslim and Idiagbon his assistant, a Muslim. Life was tough in every sense of the word

Then God acted.

In July of 1985, Buhari and Idiagbon were swept off.

In 1993, we had MKO Abiola, Muslim, and his running mate Baba Gana Kingibe. They were supported by all and sundry. There were no WhatsApp at the time and Christians never had the information that Abiola had sunk 1 MILLION BIBLES AT THE ATLANTIC OCEAN AND WAS AN AGENT OF THE JIHADIST MUSLIMS.

In June Christians and Muslims alike trooped out and voted
That morning after an all-night prayer meeting and two hours to go and vote, a brother said:
"Thus says the Lord, neither Abiola nor Tofa, but God's Will".
Those who had been praying were shocked to hear that.

The votes were counted and the results were being announced. Then the unexpected happened. IBB annulled the election.
Neither Abiola nor Tofa was accepted by God

Fast forward to 1997 to 1998. Sanni Abacha was in charge Five political parties were formed. All adopted Sanni Abacha as their Presidential Candidate.

There was no opposition from anywhere.
Then on June 8, 1998, the unexpected happened. Abacha was found dead.

God acted again.

There was a clamor for Abiola to be brought back as President
Again the unexpected happened on July 7, 1998, Abiola was pronounced dead.

God acted again.

God cannot be mocked. He is ever on the Throne. He sees that Nigerians are again helpless.

*Will He act?*

Wait and see. God is alive on this Planet Earth. God is very much around.

So brethren, no need to fight one another. We should remain united in asking for God's intervention.

*When all else fails, remember God is around to ACT*

He will still act.

MAY GOD ACT AND SINK THIS MUSLIM MUSLIM TICKET AND THE ATTEMPT AGAIN TO IMPOSE MUSLIM JIHADIST GOVERNMENT ON NIGERIANS IN JESUS CHRIST NAME.

Please type Amen share until we get at least 1million Amens.

Whatever we agree on earth is agreed in heaven.
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by Urchinpainer: 2:36pm On Jan 31, 2023
stagger:
Na two of us dey this country. I was around in 1984 when a similar exchange was done. Where were you then?
At least ISWAP dey do giveaway. Courtesy of Emefiele. If don't like it, go and print your own money!

Meanwhile, I was around in 1984, only that I have no business with issues of life because I was a child. Una we vote Buhari in 2015 and 2019 what did you learn in 1984?
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by codeplace(m): 2:50pm On Jan 31, 2023
You want buhari hope and bullion van?


daygee12:
We don't want that kind of hope he gave u in Anambra state
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by daygee12: 3:05pm On Jan 31, 2023
codeplace:
You want buhari hope and bullion van?
Buhari era is gone. Looking forward to having best governor in the history of Nigeria as the President of Nigeria.
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by themanderon: 4:01pm On Jan 31, 2023
The CBN should sack all bank executives of banks selling or withholding this new notes to give to our thieving politicians. They are the ones behind this crisis.
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by codeplace(m): 5:06pm On Jan 31, 2023
Then vote for ObiDatti


daygee12:
Buhari era is gone. Looking forward to having best governor in the history of Nigeria as the President of Nigeria.
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by Parachoko: 5:07pm On Jan 31, 2023
themanderon:
The CBN should sack all bank executives of banks selling or withholding this new notes to give to our thieving politicians. They are the ones behind this crisis.
I'm tired of hearing all this una empty threat
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by daygee12: 5:27pm On Jan 31, 2023
codeplace:
Then vote for ObiDatti
U can't even compare Obi with Akpabio. Akpabio will floor him any day any time
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by xyrexzmanto: 5:54pm On Jan 31, 2023
Ur number ain't going... ur location plz
Johnson225:
Strict decisions I must say. If we have to go through all this to curb vote buying, then I’m fully in support of it.

For quality sneakers.
Watssap:07065417708
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by derecho(m): 5:59pm On Jan 31, 2023
Sorry, I won't leave God out of this.
For the umpteenth time, God will not allow Tinubu to rule Nigeria.
lexy2014:
If God doesn't want Tinubu to be president, he would make nigerians suffer for cash. He can easily take his life. After all, it's the same who brought buhari the disaster on nigerians. Pls leave God out of it. Nigerians are suffering and you are happy because you think it will affect Tinubu and you are calling God
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by Johnson225(m): 6:20pm On Jan 31, 2023
xyrexzmanto:
Ur number ain't going... ur location plz
Hello good evening
Lagos is my location
That’s my watssap line
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by codeplace(m): 6:38pm On Jan 31, 2023
Yes you are correct. Akpabio will floor Obi with corruption

daygee12:
U can't even compare Obi with Akpabio. Akpabio will floor him any day any time
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by daygee12: 6:40pm On Jan 31, 2023
codeplace:
Yes you are correct. Akpabio will floor Obi with corruption
Check Akpabio achievements in Akwa ibom and u will need to stone Obi
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by YeyeGbami: 7:46pm On Jan 31, 2023
ufotty2001:
please explain to me how it will reduce kidnapping..
I might be wrong, but kidnappers opt for cash payments. (Ransom)
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by stagger: 9:56pm On Jan 31, 2023
Urchinpainer:
At least ISWAP dey do giveaway. Courtesy of Emefiele. If don't like it, go and print your own money!

Meanwhile, I was around in 1984, only that I have no business with issues of life because I was a child. Una we vote Buhari in 2015 and 2019 what did you learn in 1984?
Go and look at my posts in 2014. I was one of those warning of a repeat of the problems of that era if the country went in the direction of the APC.
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by lexy2014: 1:40am On Feb 01, 2023
derecho:
Sorry, I won't leave God out of this.
For the umpteenth time, God will not allow Tinubu to rule Nigeria.
for the umpteenth time, If God doesn't want Tinubu to be president, he would make nigerians suffer for cash? why did God not just take his life or buharis life? After all, is it not the same tinubu who brought buhari the disaster on nigerians? what has God got to do with the decision and choices you support and make as a nigerian? if Nigerians are suffering and you are happy because you think it will affect Tinubu, what concerns about tinubu?
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by Nobody: 8:27am On Feb 01, 2023
Urchinpainer:
You must be daft to think that Emefiele that put the policy doesn't know what he is doing? Why is Tinubu complaining, why is he attributing it to his election?
You think the 10k you queue on ATM is Emefieles problem? No fuckuing politician can get the amount of New notes he needs to run this election! Unless that politician is directly working with Emefiele
Such naïve remark, if you think that the currency swap and cash withdrawal limit will affect any politician in Nigeria, these guys were running things when Emefailure was just a bank teller in zenith bank.

He went to daura to get their permission to extend the deadline which he initially bragged he would never extend.

You cant fool me, Emefailure is the one working for them, off all CBN governors to the date he is the least respected and regarded.

Have you ever heard a CBN governor get called by the senate? Ah you may not know indomie brat, go and have another dose of your indomie medication, at least it occupies the vacuum in the your empty skull.
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by Urchinpainer: 9:43am On Feb 01, 2023
quentin06:
Such naïve remark, if you think that the currency swap and cash withdrawal limit will affect any politician in Nigeria, these guys were running things when Emefailure was just a bank teller in zenith bank.

He went to daura to get their permission to extend the deadline which he initially bragged he would never extend.

You cant fool me, Emefailure is the one working for them, off all CBN governors to the date he is the least respected and regarded.

Have you ever heard a CBN governor get called by the senate? Ah you may not know indomie brat, go and have another dose of your indomie medication, at least it occupies the vacuum in the your empty skull.
You must be a moronic entity to think that Emefiele extended the deadline because of the House of Rep! This is a game of chess, he knows exactly what he is doing. After the extension withdrawal of notes above N100 over the counter was halted.
If you have any atom of sense you will know that Emefiele is winning this war over the politicians! How much do you think a bank is given in a week? You think that amount will be enough for ordinary local government chairman?
You think election is clubbing? Go and educate your tiny little brain! You sound so dumb and stupid!
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by Nobody: 11:04am On Feb 01, 2023
Urchinpainer:
You must be a moronic entity to think that Emefiele extended the deadline because of the House of Rep! This is a game of chess, he knows exactly what he is doing. After the extension withdrawal of notes above N100 over the counter was halted.
If you have any atom of sense you will know that Emefiele is winning this war over the politicians! How much do you think a bank is given in a week? You think that amount will be enough for ordinary local government chairman?
You think election is clubbing? Go and educate your tiny little brain! You sound so dumb and stupid!
Keep defending the indefensible, facts speak louder than emotions. BTW have you had your medication today?
Re: Despite Extension, Nigerians Can’t Withdraw Old, New Notes by Urchinpainer: 12:40pm On Feb 01, 2023
quentin06:
Keep defending the indefensible, facts speak louder than emotions. BTW have you had your medication today?
When you are done taking yours let me know
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