Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency - Business (4)

Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency - Business (4) - Nairaland

Nairaland Forum › Nairaland General › Business › Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency (27891 Views)

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Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by baralatie(m): 5:17pm On Feb 12, 2023

ufotunang:
Let the kano state government sue CBN governor and Buhari that caused all this confusion and problems

Kano state has gone to supreme court against the federation

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by Raheeqilmaktoom: 5:17pm On Feb 12, 2023*

lonecatt:
The governor is stupid, banks no longer accept the old notes , how is it the supermarket's fault.
The babaringa thief should bring out the old naira notes they have buried in billions and stop causing hardship in the country.

1 Like

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by udemzyudex(m): 5:18pm On Feb 12, 2023

juvewalex:
Good one from Kano state government, what madness by the supermarket to reject old notes after the tension has been subsided by the apex court.

Apex court dey regulate banks?

Abi no be bank dem go carry the money go put?

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by Nobody: 5:18pm On Feb 12, 2023

SuperStriker:
Which overnight are you talking about? Government has been shouting since last year asking people to take their old notes to the bank so why have some people refused to do so ?

Nigerians just need draconian leadership. The present situation has shown that even the masses are not ready for their liberation. How these governors became the advocates of the masses all of a sudden puzzles the mind. Fuel has become a burden on Nigerians since nearly 3months now, no Governer has deemed it fit to speak on the matter, but naira redesign to prevent rigging, crime and monumental corruption is of greater interest to them.

2 Likes

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by DriveByKiller: 5:18pm On Feb 12, 2023

Ogbuefi2020:
Old naira is no longer a legal tender and not acceptable for deposit in banks. Don't let any APC governor deceive you

bold misleading illiterates everywhere. You just left 96 other idiots than the path of ignorance.

Shame on you

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by Masterito(m): 5:19pm On Feb 12, 2023

He will definitely lock up all shops in Kano and see who loses.

juvewalex:
Good one from Kano state government, what madness by the supermarket to reject old notes after the tension has been subsided by the apex court.

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by udemzyudex(m): 5:19pm On Feb 12, 2023

Nawteemaxie:
Most filling stations in Abuja now don't accept the old currency again, and I heard banks would stop accepting it as well from Monday. But the AGF said recently that the FG would comply with the Supreme Court order. Can somebody please clarify what exactly the stance on the old notes is as of now!?

Na CBN go talk not AGF

1 Like

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by EMPEROROFDONBAS(m): 5:19pm On Feb 12, 2023

[quote author=LeoDeKing post=120850665]Already falling in line with Tinubu's body language.

The moment Tinubu is announced president elect, the naira swap policy becomes null and void.

Even cbn principal officers will start parking their luggage out of their offices before the sledge hammer get them.[/quote an you don't see this as a "parallel government huh

..
urchinery dey sweet sha

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by baralatie(m): 5:19pm On Feb 12, 2023

Raheeqilmaktoom:
Stupidity at its peak now.

He just wants people to cower to submission. He should attack the real issue and get real reliefs for people before taking these steps, but no, these are the easy things to do.

When the supreme court rules otherwise on the 15th.
Then anybody can do anyhow
Beyond that
The old money remains legal

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by baralatie(m): 5:21pm On Feb 12, 2023

udemzyudex:
Na CBN go talk not AGF

Cbn go wait for supreme court first before them fit try hold mic to talk

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by Nobody: 5:21pm On Feb 12, 2023

Aldol:
This bolded is my major fear for Obi emerging as President, imagine supporting evil policy of emefiele because it's their kinsman,imagine if the Cbn governor was a Northerner or from Southwest he'll would have been let loose

How's the policy evil? Is 3months not enough for anybody to deposit whatever old notes they have with the banks? I just don't get it.

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by FlipModeSquade(m): 5:22pm On Feb 12, 2023

AbuAeesha:
Dey deceive yourself for there

Wen state government gave approval of using the old currency and the federal government never mentioned that the old currency has seized to be legal tender.

Wetin concern state government approval with whether the old Naira is legal tender or not?

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by poseidon12: 5:23pm On Feb 12, 2023

Spaxon:
They should accept Old Currencies and who'll get it back from them.

Not like they've got a special entry to the bank.
Not like the bank are accepting old notes again

CBN will accept old notes.

1 Like

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by faceland: 5:24pm On Feb 12, 2023

lonecatt:
The governor is stupid, banks no longer accept the old notes , how is it the supermarket's fault.
The babaringa thief should bring out the old naira notes they have buried in billions and stop causing hardship in the country.

May be they have businesses that they want to use to clean their loots through fake sales.

1 Like

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by baralatie(m): 5:24pm On Feb 12, 2023

FlipModeSquade:
Wetin concern state government approval with whether the old Naira is legal tender or not?

You will ask the supreme court

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by udemzyudex(m): 5:25pm On Feb 12, 2023

baralatie:
Cbn go wait for supreme court first before them fit try hold mic to talk

CBN na independent body,na bank go let us know whether dem don dey accept the old note or not.

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by Abdulhakeem7(m): 5:25pm On Feb 12, 2023

mannobi:
When you come online you will see Peter Obi fans shouting suffering and smiling but in this Emefiele policy failure, it is still them that are supporting it who then is suffering and smiling. The one who refuses to suffer or the one who supports Emefiele to afflict him. Tribalism is too rooted in igbos. They will support any rubbish as long as you are their kinsman.

In fact I'm beginning to conclude that Obidients are the ones that mopped up the little new notes that idiot emefiele printed, that's why they are in his support perpetually

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by Agadinaagwuofe: 5:25pm On Feb 12, 2023

egunna:
yet,state governors have a duty to maintain law and order by preventing actions dat are capable of breaching public peace.thry can also decide who does business within their area of influence.

Just listen to yourself, which action is the owner doing that is capable of breeching public peace? is the owner bank or CBN? they have the right to maintain law and order not encroaching on someone else's right. Where your right stops is where someone else's right starts, he only has the right to shut him down if he isn't paying taxes or breach other state laws not selling to customers with old money. He doesn't have that right. The owner can determine whom to sell and what to sell and if he decides to sell to section of people with new money it is his prerogative, you can move out and buy from someone who collects old money. Aside the politics are you saying he can go to market women and if they decides not to sell him due to currency swap he can arrest all of them or seize their goods? He is just exercising an ultra vires power. Let the owner take him to court and claim damages. The problem is not the owner, banks are not collecting the money, the CBN did not want to issue statement regards to the deadline are you saying the owner should bear the losses because of power play between FG and state government?

2 Likes

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by Nobody: 5:25pm On Feb 12, 2023

baralatie:
The supermarket does not have the power to reject a legal tender note

and who determines a legal tender in a country? Money is the exclusive reserve of the FG.

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by poseidon12: 5:25pm On Feb 12, 2023

LeoDeKing:
Already falling in line with Tinubu's body language.

The moment Tinubu is announced president elect, the naira swap policy becomes null and void.

Even cbn principal officers will start parking their luggage out of their offices before the sledge hammer get them.

Keep dreaming.

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by faceland: 5:26pm On Feb 12, 2023

poseidon12:
CBN will accept old notes.

They failed to swap the old notes through the many banks, why do you think they would succeed in doing it themselves? To me it's a gamble.

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by correctyourself(m): 5:27pm On Feb 12, 2023

Ogbuefi2020:
Old naira is no longer a legal tender and not acceptable for deposit in banks. Don't let any APC governor deceive you

Keep quiet, i went to the market yesterday, the old money was accepted and i used mine, again, a major POS guy in the same market received not less than 700k in my present from customers selling in the market, he was even the one telling customers that both the old and the new notes are to be used for now. let me ask you, those money he collected where is he taking them to, is it not the bank? an ignorance person trying to mislead others.

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by LucemFerre: 5:27pm On Feb 12, 2023

The malam wey no gree give me 400 naira fish abeg who go come lock him tray and bucket ?

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by FlipModeSquade(m): 5:27pm On Feb 12, 2023

baralatie:
You will ask the supreme court

Lol..
So what are they waiting for,to close down the banks,for refusing the old notes?
Abi their power no reach there?

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by baralatie(m): 5:29pm On Feb 12, 2023

FlipModeSquade:
Lol..
So what are they waiting for,to close down the banks,for refusing the old notes?
Abi their power no reach there?

The banks can choose to leave Kano because of old notes na!
It is not by force
Zenith has kukuma closed up branches because of new notes

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by poseidon12: 5:29pm On Feb 12, 2023

mannobi:
When you come online you will see Peter Obi fans shouting suffering and smiling but in this Emefiele policy failure, it is still them that are supporting it who then is suffering and smiling. The one who refuses to suffer or the one who supports Emefiele to afflict him. Tribalism is too rooted in igbos. They will support any rubbish as long as you are their kinsman.

We support the policy because we don't want criminals and unpatriotic elements to buy votes. Also we don't want those criminals who have been hoarding billions of Naira in their homes to be able to launder them.

1 Like

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by yarimo(m): 5:29pm On Feb 12, 2023

RtrevEzeugo1:
And what if on 15th FG wins the case what happens, those who have the old naira will use it as tissue paper abi

you asking different question now. Not from what we are discussing. As for now it's legal and banks are to collect as deposit.

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by FlipModeSquade(m): 5:30pm On Feb 12, 2023

baralatie:
The banks can choose to leave Kano because of old notes na!
It is not by force

So,the State government no fit force them?
But they can force one local Supermarket?

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by baralatie(m): 5:31pm On Feb 12, 2023

franciskaine:
and who determines a legal tender in a country? Money is the exclusive reserve of the FG.

And at the supreme court.the fg is under a judgement of an injunction concerning the notes!

Re: Kano State Govt Locks Wellcare Supermarket For Rejecting Old Currency by poseidon12: 5:31pm On Feb 12, 2023

FromZeroToHero:
Why is it that it's only APC Governors that is complaining about the naira redesign.

Because they want to buy votes.

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