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Naira Note Deadline - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessNaira Note Deadline (49040 Views)

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Naira Note Deadline by Lemos14(op): 6:57pm On Feb 09, 2023
The way the CBN is behaving is really confusing...are the old notes still going to be a valid legal tender till the 15th or it becomes invalid tommorow because I'm not understanding again huh

Re: Naira Note Deadline by Lemos14(op): 7:20pm On Feb 09, 2023
Abeg make person answer me make I know wetin to do cause I have like 7k old notes with me and I'm wondering if i should sell them all out tommorow
Re: Naira Note Deadline by Apus: 7:50pm On Feb 09, 2023
When two elephants dey fight na grass go suffer am.

It's best you go to the bank to deposit it abi you wan turn am to artefact wey you wan show your grandchildren? Or you can use the money to stock food items at home if you cant make your way to the bank.

Supreme court won't collect old note from you las las.
Re: Naira Note Deadline by AfricanColumbus: 7:52pm On Feb 09, 2023
See for yourself

Re: Naira Note Deadline by yarimo(m): 7:58pm On Feb 09, 2023
It's still legal until the court give judgement on the matter
Lemos14:
The way the CBN is behaving is really confusing...are the old notes still going to be a valid legal tender till the 15th or it becomes invalid tommorow because I'm not understanding again huh
Re: Naira Note Deadline by Lemos14(op): 8:00pm On Feb 09, 2023
yarimo:
It's still legal until the court give judgement on the matter
Oh okay thanks
Re: Naira Note Deadline by Lemos14(op): 8:03pm On Feb 09, 2023
Apus:
When two elephants dey fight na grass go suffer am.

It's best you go to the bank to deposit it abi you wan turn am to artefact wey you wan show your grandchildren? Or you can use the money to stock food items at home if you cant make your way to the bank.

Supreme court won't collect old note from you las las.
If you have nothing meaningful to contribute why not just skip?...you didnt answer my question anyway
Re: Naira Note Deadline by Pierced(f):
Lemos14:
Oh okay thanks
Better go and deposit it at the bank tomorrow...... don't believe NL political jobbers.

If CBN wanted to extend the deadline....they would av released a statement publicly.

Modified: I just went to UBA to deposit.....I asked them if they were going to collect old notes on Monday.....they said it's until CBN gives them the order the collect old notes......if not the deadline is today. I asked them when to they will close....they said 3pm.

It's better to av 3k cash in 50 denomination than 1k denomination in old notes. At least market women won't reject ₦50 denomination no matter what.
Re: Naira Note Deadline by Apus: 8:42pm On Feb 09, 2023
Lemos14:
If you have nothing meaningful to contribute why not just skip?...you didnt answer my question anyway
Dey play. No be my money na
Re: Naira Note Deadline by Lemos14(op): 8:48pm On Feb 09, 2023
Pierced:
Better go and deposit it at the bank tomorrow...... don't believe NL political jobbers.

If CBN wanted to extend the deadline....they would av released a statement publicly.
Okay thank you
Re: Naira Note Deadline by kokoA(m): 8:53pm On Feb 09, 2023
Over here people are looking for cash... Weda old or new e no concern anybody o.
Re: Naira Note Deadline by POGazette: 8:56pm On Feb 09, 2023
Lemos14:
Abeg make person answer me make I know wetin to do cause I have like 7k old notes with me and I'm wondering if i should sell them all out tommorow
it will stand, CBN don't obey Supreme court unless they are doing something unlawful

Only Buhari can stop it, not Supreme court
Re: Naira Note Deadline by silibaba: 9:01pm On Feb 09, 2023
Lemos14:
If you have nothing meaningful to contribute why not just skip?...you didnt answer my question anyway
It's best you go to the bank to deposit it abi you wan turn am to artefact wey you wan show your grandchildren? Or you can use the money to stock food items at home if you cant make your way to the bank


That's the answer he gave to your question.

Peace be unto you.
Re: Naira Note Deadline by Lemos14(op): 9:09pm On Feb 09, 2023
silibaba:
It's best you go to the bank to deposit it abi you wan turn am to artefact wey you wan show your grandchildren? Or you can use the money to stock food items at home if you cant make your way to the bank


That's the answer he gave to your question.

Peace be unto you.
What he gave me was an advice not an answer to my question...I asked if the new note will be in valid by tomorrow or the 15th that's what I asked....in a case where its valid till the 15th why will I deposit all my cash and be left stranded?...so yes he didn't answer

See someone's response below:

POGazette:
it will stand, CBN don't obey Supreme court unless they are doing something unlawful

Only Buhari can stop it, not Supreme court
This is an answer. Thank you.
Re: Naira Note Deadline by silibaba: 9:20pm On Feb 09, 2023
Lemos14:
What he gave me was an advice not an answer to my question...I asked if the new note will be in valid by tomorrow or the 15th that's what I asked....in a case where its valid till the 15th why will I deposit all my cash and be left stranded?...so yes he didn't answer

See someone's response below:



This is an answer. Thank you.
So what are you waiting for? Take the advice
It's best you go to the bank to deposit it abi you wan turn am to artefact wey you wan show your grandchildren? Or you can use the money to stock food items at home if you cant make your way to the bank
Re: Naira Note Deadline by Lemos14(op): 9:22pm On Feb 09, 2023
silibaba:
So what are you waiting for? Take the advice
It's best you go to the bank to deposit it abi you wan turn am to artefact wey you wan show your grandchildren? Or you can use the money to stock food items at home if you cant make your way to the bank
Kindly dont quote me again thank you
Re: Naira Note Deadline by NtoAkwaIbom(m): 9:24pm On Feb 09, 2023
The only thing that invalidates the supreme court is a legislative enactment.
Executive order.

None is in place.
Ask Imo state, Bayelsa and Zamfara.
After the supreme court you appeal to God
Re: Naira Note Deadline by silibaba: 9:27pm On Feb 09, 2023
Lemos14:
Kindly dont quote me again thank you
quoting you already grin grin grin

Come and beat me. I dey Fela shrine right now. Whether I no go use my Igbo ashes rub you for face like powder.
Re: Naira Note Deadline by Felicox(m): 9:52pm On Feb 09, 2023
We are all left to wonder about it all, but with the quantity of the old notes in circulation it is practically impossible for them to implement the stoppage.
Re: Naira Note Deadline by moodyguy: 10:26pm On Feb 09, 2023
kokoA:
Over here people are looking for cash... Weda old or new e no concern anybody o.
Their eye go clear later
Re: Naira Note Deadline by kokoA(m): 10:32pm On Feb 09, 2023
moodyguy:
Their eye go clear later
Nothing go happen..
Re: Naira Note Deadline by Siwisheswereesh: 10:36pm On Feb 09, 2023
Everybody must obey court order.

The deadline is next week pending when the main suit will be heard.

Piiiggidiiioootts are largely illiterate and emotional. cheesy
Re: Naira Note Deadline by Parachoko: 10:41pm On Feb 09, 2023
Make we see if Emefiele go disobey a court order, the same court order that sa
fed him from the claws of the DSS
Re: Naira Note Deadline by Pharaohny: 11:28pm On Feb 09, 2023
Have you read about the Supreme Court order on the current currency implementation issue? Please note this legal opinion on the matter - The deadline won't change. Neither CBN or the commercial banks was joined as parties to this suit. The 3 state governments simply took advantage of the fact that in matters purely between the state and the FG the supreme court can serve as a court of first and only instance. Joining CBN in the matter would immediately rob the supreme court of jurisdiction. Sadly, the attorney general cannot issue a binding order on the CBN governor, the CBN act didn't contemplate such and the interim order is simply an academic attempt at grandstanding. They're indeed forces determined to derail the forthcoming elections and trigger social unrest. If your ATM card is working go to any large supermarket and stock up. The next 3 weeks are exciting times to come. I forgot to add that only CBN is empowered by law to determine what is termed legal tender. As for this set of JSCs, they've taken judicial rascality to the high heavens. One day soon we will put the searchlight on how supreme these odoriferous judges have become



This is a professional advice coming from a lawyer, pls let's brace up and stock up for the coming days are filled with uncertainty but in d end everybody go dey alright



Copied
Re: Naira Note Deadline by Pharaohny: 11:31pm On Feb 09, 2023
Woohoo 😃😃 you go deposit for supreme court dey play 😊 oooo

Re: Naira Note Deadline by nedu666: 11:32pm On Feb 09, 2023
Parachoko:
Make we see if Emefiele go disobey a court order, the same court order that sa
fed him from the claws of the DSS
The cbn is not a party to the suit but fed govt. So its for buhari to issue the order
Re: Naira Note Deadline by Parachoko: 11:58pm On Feb 09, 2023
nedu666:
The cbn is not a party to the suit but fed govt. So its for buhari to issue the order
The CBN and the FG do not have a choice but to respect the order
Re: Naira Note Deadline by OgaTheTop2: 12:02am On Feb 10, 2023
Lemos14:
The way the CBN is behaving is really confusing...are the old notes still going to be a valid legal tender till the 15th or it becomes invalid tommorow because I'm not understanding again huh
Naira has officially been redesigned.

Re: Naira Note Deadline by OgaTheTop2: 12:09am On Feb 10, 2023
yarimo:
It's still legal until the court give judgement on the matter
Dey play..
Re: Naira Note Deadline by Lemos14(op): 1:00am On Feb 10, 2023
OgaTheTop2:
Naira has officially been redesigned.
Thanks. Will sell some and deposit some wink
Re: Naira Note Deadline by JoeNL22(m): 1:30am On Feb 10, 2023
Lemos14:
The way the CBN is behaving is really confusing...are the old notes still going to be a valid legal tender till the 15th or it becomes invalid tommorow because I'm not understanding again huh
The governors did not include the cbn in the application. Because if they put it, they will strike it out immediately, why?, because the supreme court has no jurisdiction over the CBN and poilcy formulation of the FG. Read below.

However, a senior lawyer, Professor Konyinsola Ajayi, yesterday, said the CBN was free to carry on with the cash swap policy, despite the court ruling. He stated that the CBN, not being a party before the Supreme Court, hence the court was not expected to grant an order against a person not before it; not sued or not heard.

He said, “The CBN is free to carry on with its policy on currency redesign taken in accordance with the plenitude of its powers under both the CBN Act and Currency Control Act. It is fitting to note that just about six weeks ago (on 02/12/22) the SCN held in the case of Adedeji & ors. v CBN that CBN is independent by law and can’t be controlled by FGN.”

Re: Naira Note Deadline by JoeNL22(m): 1:35am On Feb 10, 2023
Pharaohny:
Have you read about the Supreme Court order on the current currency implementation issue? Please note this legal opinion on the matter - The deadline won't change. Neither CBN or the commercial banks was joined as parties to this suit. The 3 state governments simply took advantage of the fact that in matters purely between the state and the FG the supreme court can serve as a court of first and only instance. Joining CBN in the matter would immediately rob the supreme court of jurisdiction. Sadly, the attorney general cannot issue a binding order on the CBN governor, the CBN act didn't contemplate such and the interim order is simply an academic attempt at grandstanding. They're indeed forces determined to derail the forthcoming elections and trigger social unrest. If your ATM card is working go to any large supermarket and stock up. The next 3 weeks are exciting times to come. I forgot to add that only CBN is empowered by law to determine what is termed legal tender. As for this set of JSCs, they've taken judicial rascality to the high heavens. One day soon we will put the searchlight on how supreme these odoriferous judges have become



This is a professional advice coming from a lawyer, pls let's brace up and stock up for the coming days are filled with uncertainty but in d end everybody go dey alright



Copied
The governors are very stupid, they are just deceiving themselves, if they included the Cbn, the court will strike it out immediately. As the apex court has no jurisdiction over the CBN and its policy formulation.

This what an experienced lawyer said about the sc order

However, a senior lawyer, Professor Konyinsola Ajayi, yesterday, said the CBN was free to carry on with the cash swap policy, despite the court ruling. He stated that the CBN, not being a party before the Supreme Court, hence the court was not expected to grant an order against a person not before it; not sued or not heard.

He said, “The CBN is free to carry on with its policy on currency redesign taken in accordance with the plenitude of its powers under both the CBN Act and Currency Control Act. It is fitting to note that just about six weeks ago (on 02/12/22) the SCN held in the case of Adedeji & ors. v CBN that CBN is independent by law and can’t be controlled by FGN.”

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