So na now the politicians especially the Governors know say the masses dey suffer?
All I want to say is that they don't really care about us, the cashless policy must stay.

Gozac:

You are an APC member from SW stop hiding your identity.Tinubu's desperation can never destroy Nigeria . SW is not Nigeria, Nigeria is not SW

I'm not from the south west, dunce. You guys see everything through political lens..I'm not like most of you that thinks obi is Jesus Christ..

omonnakoda:


I have not heard what the official reason is.
have to agree with Wike
If it is intended to fight corruption Is it now with 3 months to go that they will achieve that?
If we say it Is not causing suffering it is a lie
Government has not communicated the masses why they should buy in

My brother…

It’s all politically motivated and they won’t tell you this.

Their reasons has to do with the election. But even that is ill thought out. The politicians it was intended to frustrate all have mint new notes delivered to them in their bedrooms.

It’s the common man that will suffer this one. Did you see the news of a man collapse in the banking hall queue today while waiting to withdraw cash?

If this ain’t politically motivated then the time frame for distribution should be extended.

Our country na wah. We really need a “messiah “ to get us back on track.

The president said that given the present situation, he will “go back to find out what was actually happening”.



Is late already oldman, we are used to the hardship u kept Nigerians we shall get over it soon.

Delphi:
He said the truth. The problem we have now about this bank notes redesign is the Bank CEOs/Managers/Heads. They (mis)appropriate the money sent to them to top politicians while leaving the masses with meagre left-overs. This is where DSS have a lot of work to do. They should meet with the banks and demand transcript of receipts from CBN and breakdown of how the disbursals were made via ATM. That's the way to go.

You are just hiding behind 1 finger.
CBN claim to have mopped up about 2.1 Trillion.
Printed less than 500B

Automatically, problem dey.

SenatePresdo:
I wish today is 24th of February 2023.

But nothing bad.

The central Bank shouldn't print or disburse new notes again until after elections.

We must escape Tinubu's plan by Any means necessary

Oil dey your head...

You are a fool, a big fool, the fact that you think people protesting because of hardship are Tinubu's miscreants makes you a more stupid person. So among people queuing up at the bank to withdraw their hard earned money there are no PO / Atiku supporters? They are all Tinubu's mob .... PO supporters spend cowry abi?? Ori e ti ope yen a to pe. Must everything be about Tinubu? Did nigeria start getting bad 8 years ago?? Unless you are child or you are an adult that has lost touch with history & reality. You urgently need help ooo. You need to be in ICU as a matter of fact. The fact that we left our houses since morning and could not even withdraw at the ATM and POS guys dont have cash as well and people took to street to protest makes us Tinubu's boys. Alaisan ni e oooo

socialmediaman:


Are you one of those Tinubu's miscreants? If you're a Tinubu supporter stop quoting me, there’s nothing to discuss. Where was your voice these past 8 years? Nonsense!

SpecialAdviser:
The are actually sabotaging the whole stuff especially from their head office LAGOS.

Where is your army mr man. Some people need proper koboko and buttocks alignment.

How do you know that the banks are sabotaging the whole stuff?

How does the army come into the discussion?

SenatePresdo:
I wish today is 24th of February 2023.

But nothing bad.

The central Bank shouldn't print or disburse new notes again until after elections.

We must escape Tinubu's plan by Any means necessary

What concerns cbn with election? Is there any law that gives cbn the right to interfere in Nigerian elections?

This man should shut up abeg. I'm not sure he has any idea what's happening in the country. Such a failure.

Tueh!!

SpecialAdviser:
The are actually sabotaging the whole stuff especially from their head office LAGOS.

Where is your army mr man. Some people need proper koboko and buttocks alignment.

why not cancel sms charges by banks and other transfer charges

akanke79:


reason for the scarcity
Central Bank of Nigeria (CBN) mopped up over N2 trillion of the old notes in circulation, only N300 billion worth of new notes were printed.

Well said!

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E don reach like dis

akanke79:


reason for the scarcity
Central Bank of Nigeria (CBN) mopped up over N2 trillion of the old notes in circulation, only N300 billion worth of new notes were printed.

Nigeria citizens remain with incompetent

socialmediaman:
The banks and corrupt politicians are 100% culpable on this one! EFCC and the rest need to investigate them and stop the corruption

FYI: There are no tension please, it's just Tinubu's mob disturbing peace loving Nigerians in the name of "protests"

They should be reminded that operation "Still waters" is still active in case of the mob escalation

what do you mean there are no tension? Do you live under the rock mr.man or things are very normal at your side? How much did you withdraw from POS yesterday?

Expect the unexpected

In this case, they collected 2 trillion from the masses and printed 300 billion, but where are the remaining 1 trillion and 700 billion? Are you kidding me, Buhari?

ExAngel007:


https://www.thecable.ng/buhari-accuses-banks-of-greed-says-cbn-assured-him-enough-new-notes-could-be-printed/amp

The President said they should give them another 7days which align with the February 10.

Baba Buhari body languages in term of governance is anti People. Why moping up old currency and failed to release new notes for banks to disburse to Nigerians. You make life so difficult for Nigerians in the name of changing currency which is and can never be the last solution to Nigeria problems. Out of your almost 8 years in government this is time you wake up that our note should be changed in the name of theories economic calculation from cbn governors who mismanage our economy badly to where we are. Bubu don't give excuse on what you intensionally done to hort some people now it has become policy solmalsult which is horting ordinary Nigerians. You failed to consider that not all Nigerians are operating their business through commercial banks and cbn. "An Empty container doesn't have choice than to accommodate whatever they put in it. You did not considered the conciquencies of what you did bcs you think you and cbn Governor know it all simply because your aims is to fight your perceived political rivers.

adecz:



Always looking for who to blame
for his failed policies ...


Instead of blaming yourself and Emefiele
for taking decisions, you are blaming
banks that couldn't get the new notes.😕😕😕

You actually believe that banks didn't get the notes?

Na wa for you o.

adekolaelect:
Baba Buhari body languages in term of governance is anti People. Why moping up old currency and failed to release new notes for banks to disburse to Nigerians. You make life so difficult for Nigerians in the name of changing currency which is and can never be the last solution to Nigeria problems. Out of your almost 8 years in government this is time you wake up that our note should be changed in the name of theories economic calculation from cbn governors who mismanage our economy badly to where we are. Bubu don't give excuse on what you intensionally done to hort some people now it has become policy solmalsult which is hitting ordinary Nigerians.

Didn't you read Kaduna state governor saying that he knows a governor who withdrew 500 million new cash from bank?

That should tell you that bankers are simply doing what they do best in Nigeria: serving the highest bidder. Each branch is getting 30 million a day. At 20k limit, that amount will serve 1500 people. There are 1440 minutes in a day and each person spends at least one minute to withdraw money from ATM. Hence Less than 1500 persons can logically withdraw money in a day from an ATM. This is basic maths

Banks are selling this money to the highest bidders.

It's a den of thieves

Delphi:
He said the truth. The problem we have now about this bank notes redesign is the Bank CEOs/Managers/Heads. They (mis)appropriate the money sent to them to top politicians while leaving the masses with meagre left-overs. This is where DSS have a lot of work to do. They should meet with the banks and demand transcript of cash receipts from CBN and breakdown of how the disbursals were made via ATM. That's the way to go.

*For those quoting this write-up* (Just an enlightenment)

CBN mopping trillion of cash is inconsequential in this instance because most of the mopped currencies are never in circulation but stacked away by individuals (for inordinate reasons).. They only brought them to bank as not to loose their money.
Let commercial banks religiously release/disburse the N30Million being given to EVERY BANK BRANCH DAILY by the CBN and see if this chaos will not stop.
Most people talk on the side of ignorance/being less-informed. It is (hidden) knowledge that some "persons" intercept greater part of the 30Million released to some of the commercial banks in the states.

see poor man!30million per branch?Banks load atm machines with 3 to 5 million daily and at least 100 customers withdraw 500k or more per branch.please do the maths,that's about 60million but in your poor mind 30million is enough. Do u know how much pos operator's withdraw everyday to be able to do their business. This nairaland is now like a village group platform because the discourse is becoming less intelligent by the day

ExAngel007:


https://www.thecable.ng/buhari-accuses-banks-of-greed-says-cbn-assured-him-enough-new-notes-could-be-printed/amp

This is how you know the ineffectiveness of govt and systems in Naija.
Everything must be factored in and when money is released to banks for disbursement, machineries go into action to see to it's even dispensing.
He's complaining to show he didn't plan for this scenarios. Very useless president.

MajorOvakporaye:
Tinupoo is the cause of every calamity attached to this APC government.

Tinubu will win this election and you will hang yourself.

SenatePresdo:
I wish today is 24th of February 2023.

But nothing bad.

The central Bank shouldn't print or disburse new notes again until after elections.

We must escape Tinubu's plan by Any means necessary

Tinubu already has bullion van of the new notes, it is you hunger will kill, not Tinubu

Speaking on Friday, the president said he demanded an “undertaking from the CBN that no new notes will be printed in a foreign country and they in turn gave him assurances that there was enough capacity, manpower and equipment to print the currency for local needs”.


Oga Buhari
Emiefele don lie a very very big lie to you

Acidosis:



Buhari's economic principles are based on morals. This man should be the chief head of a qur'anic school or something. People will always take advantage of such situations whether it is Nigeria or Canada. You should be sound enough to anticipate greed and put measures in place to curb the act of greed. The new notes should have been allowed to circulate for at least a month before phasing out the old notes. You can't do both at the same time. It will NEVER work without hassles in any part of the world.

However, those who made him the president and Minister of Petroleum should be kind enough to allow him finish his tenure in peace. We don't want any form of violence especially from those who opposed EndSars. Hell Rufai and his colleagues can wail forever, many of us will not protest anything.

It worked perfectly well when he was military head of state.Only two weeks was given for currency swap. What Nigerians need is iron hand.Tinubu and other corrupt politicians need to be dealt with.
They are the problems of this country.Buhari should not shift the deadline otherwise the aim of mopping up the Naira in circulation will be defeated

ModCaller:


Didn't you read Kaduna state governor saying that he knows a governor who withdrew 500 million new cash from bank?

That should tell you that bankers are simply doing what they do best in Nigeria: serving the highest bidder. Each branch is getting 30 million a day. At 20k limit, that amount will serve 1500 people. There are 1440 minutes in a day and each person spends at least one minute to withdraw money from ATM. Hence Less than 1500 persons can logically withdraw money in a day from an ATM. This is basic maths

Banks are selling this money to the highest bidders.

It's a den of thieves

many Nigerians are likes to talk on what they don't know. I know of a bank that had never receive any funds from cbn since 3 days. Oga not all Nigerians operating their business through banks. It is a wrong for cbn to assume that money not in the cbn and commercial banks is with the politicians. Majority of Nigerians are doing business without banking transactions. Bubu is an empty container which can accommodate any thing put in it. Sham!!!

adekolaelect:
many Nigerians are likes to talk on what they don't know. I know of a bank that had never receive any funds from cbn since 3 days. Oga not all Nigerians operating their business through banks. It is a wrong for cbn to assume that money not in the cbn and commercial banks is with the politicians. Majority of Nigerians are doing business without banking transactions. Bubu is an empty container which can accommodate any thing put in it. Sham!!!

I don't support the whole thing. But I don't think there is anyway CBN will decide to sabotage its own projects.

Hence, everything comes down to the commercial banks. Kaduna state governor testified that he knows a governor who got 500 million from a bank. Many people already know about the under the table dealings. There have been major newspapers reporting on these things in the last few days. Some even sell to POS people who are connected to them.

Bank administrators suck up to rich people, especially politicians because they want to retain their account. These administrators know how hard they worked to get them so once they get a request from them, they start running around to make it happen.

It's a den of thieves.