famouscargo4u:


What I meant is that government can make you accept only cash or vice versa.

It's never done anywhere, government can only make list of ways any business can transact...its only left for you to choose the one that convenience you...simple

tete7000:


The court injunction is not binding on them but on central Bank, they were not joined as a defendant in the case. They are individuals running private businesses and when cbn says there is no extension you don't expect them to ignore that. What if they collect the old notes and the banks refused to collect them from them, who loses? Ganduje or the supermarket?
The state has no right to close their business for the fact that they are trying to protect their business. The state should rather get cbn to adhere to court ruling and formally extend the deadline set. This is abuse of power on the part of the state. I hope they are willing to close all the banks in the state too if they refuse to collect the old notes from customers while waiting for cbn to make pronouncement?

(Though unfortunate) but in a CBN Vs Supreme Court scenario, who are you expected to follow? The AGF even said the government will respect the court's pronouncement. That means the status of the old notes remain the same until Feb 15.

This supermarket are effectively rejecting the legal tender of Nigeria by rejecting the old notes - that's where the Kano State government comes in.

Even though the supermarket is a private business that will seek to safeguard their interest, they should read the room better. If they open their doors and reject old notes, that's effectively shutting out 90 percent of their buyers because the overwhelming majority ONLY have the old notes even as I write. And how many people dey use online banking for buying Omo, soap or peak milk?

Instead of naively siding with the CBN's cockooland policies, the supermarket should have closed shop for now. There's a cost to opening shop and would gain little if they don't accept old notes. They won't attract the state government if they decide not to open themselves. That's how they protect their interest.

Obaaderemi2:
You have the right to receive only transfer but you have no right to reject a legal tender.

Stop saying rubbish, no one said it isn't a legal tender...

I have every right to accept or reject any legal tender for my business, no one is forcing you to buy from me.

Do you know that in UK, some of their public transport system and businesses only accept cards for transactions??

You did commit a crime my brother. Not accepting old notes is defying supreme court. You can even go to jail for that

BossGerald:


For my own business kwa?? Do anyhow see anyhow radarada.

If I choose to accept transfer, POS card transaction for my own personal business, who are you to dictate to me how to run my business when I haven't committed any crime?? In this 21st century democracy.

This is dictatorship

Mutigadara1:
You did commit a crime my brother. Not accepting old notes is defying supreme court. You can even go to jail for that

Lol, hope you atleast passed through secondary school??

You sound so empty

okay, business continues for them....


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BossGerald:


For my own business kwa?? Do anyhow see anyhow radarada.

If I choose to accept transfer, POS card transaction for my own personal business, who are you to dictate to me how to run my business when I haven't committed any crime?? In this 21st century democracy.

This is dictatorship

It is not dictatorship but wisdom, they will be serve as an example to people like you that are trying to cause unnecessary tension in our society because the court says the old note is still a legal gender till the case will be settled on February 15
Know this and know peace

9jaRealist:


Quit being such a PRIMITIVE XENOPHOBE…
They are Lebanese-NIGERIANS and have settled in this country probably longer than you’ve been alive (and “Nigerian”)!
>

Imagine a Lebanese Supermarket wanna dictate to Nigerians. I don't blame them after all Naanu and his boss Atiku supported the wicked CBN policy thinking they are hurting Jagaban.

Shegs12345:


It is not dictatorship but wisdom, they will be serve as an example to people like you that are trying to cause unnecessary tension in our society because the court says the old note is still a legal gender till the case will be settled on February 15
Know this and know peace

Keep your old note and I hold by goods...you don't force me on how to trade my goods, very simple.

What happened to transfer and use of debit card?? Some countries don't accept cash for some certain transactions.

BossGerald:


Stop saying rubbish, no one said it isn't a legal tender...

I have every right to accept or reject any legal tender for my business, no one is forcing you to buy from me.

Do you know that in UK, some of their public transport system and businesses only accept cards for transactions??

You are the one saying rubbish. You can't refuse a legal tender. Who are you to dictate to the governor how he runs his state in a federalism? He has every right to issue laws independent of the FG or whoever. If e pain you go and arrest the governor.

BossGerald:


Aside that sef, if I open business and decided to collect only transfer, isn't it my choice?

I have my business, you have your cash...its only left for you to patronise, no one is forcing you to buy from me

See wahala oo

That is exactly my point. The owner of business determines who to sell and means of payment. People open shops online and decides only to pay through USDT or a particular channel. it is their right

Thank you Gov Ganduje.

jelel6:


Ah, the so called white or any other discerning individual will recognise that the madness didn't start with the actions of Kano state government. Rather, it began when an incompetent Emefiele and his cronies at CBN decided to bite off more than it can chew.

Didn't you recognise the mockery when despite the ratio of old to new Naira notes being at 98:2, even at this very Feb 13, the alternate-reality living CBN are still insisting on an already due Feb 10 as deadline for old notes deposition?

Is it not mockery to your intelligence when the CBN, after admitting facing unprecedented challenges, including their inability to print new notes because of lack of printing papers, were still insisting Feb 15 as the last day for legally spending old notes? No be madness be that?

A bit rich to leave all that out only to start crying for a supermarket who are effectively rejecting a legal tender going by the Supreme Court's intervention.

The overwhelming majority of Nigerians only possess the old notes, if the supermarket insist on only collecting new notes, I see no need opening their doors to the public for now. They can remain closed by choice. Cashless policy no mean say we go dey buy 50 Naira Omo with bank transfers.

The simple explanation is the owner of the shop is a victim like everyone else. His bank informed him they were not going to collect old notes from him and he decided to make amends to avoid him incurring a lot of losses. So if the Governor is fair he should have directed his force and hammer on the causative agent and not citizens reacting to adaptive features. Again Emefiele isn't the cause, Buhari action shows he is the one that approves and orchestrated the policy and Emefiele is only obeying his boss, I mean Buhari can sack Emefiele or reverse the whole policy if he feels Emefiele advised him wrongly or pushed out unfavourable policy but you know what is happening? Buhari is in court to defend it. The policy has it's merits and demerits and even though the implementation failed , it is only political stooges that plays ostrich will keep calling out Emefiele when they know he is only surbodinate to his Boss.

And na Lebanese people get the shopping mall ooooo0, Shopping mall that belongs to Nigerians in Kano are still collecting the old naira notes jejely but this foreigners come our land dey use us play teyku teyku.

Agadinaagwuofe:



The simple explanation is the owner of the shop is a victim like everyone else. His bank informed him they were not going to collect old notes from him and he decided to make amends to avoid him incurring a lot of losses. So if the Governor is fair he should have directed his force and hammer on the causative agent and not citizens reacting to adaptive features. Again Emefiele isn't the cause, Buhari action shows he is the one that approves and orchestrated the policy and Emefiele is only obeying his boss, I mean Buhari can sack Emefiele or reverse the whole policy if he feels Emefiele advised him wrongly or pushed out unfavourable policy but you know what is happening? Buhari is in court to defend it. The policy has it's merits and demerits and even though the implementation failed , it is only political stooges that plays ostrich will keep calling out Emefiele when they know he is only surbodinate to his Boss.

I agree the supermarket is a victim like most private entities, so they are expected to take measures to protect their interest. However, rejecting the Naira at this moment under the excuse of CBN directive is naive, especially when you are big enough that word will get out to local authorities in a state with vested interest.

Yes, it's certain that Buhari's government is behind the policy. But the CBN knows its own capacity and the challenges they are facing, does it look like they are advising the FG to extend the deadline to allow them phase out the old notes effectively? No. They are very much behaving like it's Feb 10 or Feb 15 and nothing else. Despite the reality on ground.

It was always ambitious for our government to think they can phase out old notes in less than 6 months. I have nothing against the policy - but it hurts the common people even more than the politicians they are targeting.

BossGerald:


Keep your old note and I hold by goods...you don't force me on how to trade my goods, very simple.

What happened to transfer and use of debit card?? Some countries don't accept cash for some certain transactions.

There are so many laws that you might not know about, maybe u have not heard about business laws ( company and allied matter act) you must obey them and if you don't want to obey go and do ur business in anoda country
Know this and know peace

Ganduje na action man!

Shegs12345:


There are so many laws that you might not know about, maybe u have not heard about business laws ( company and allied matter act) you must obey them and if you don't want to obey go and do ur business in anoda country
Know this and know peace

The law you quoted never forced anyone to accept cash as a form of transaction.

If you study entrepreneurship in tertiary school, you'd understand that money act rest on Apex bank and other commercial banks who made available how money can be transacted(transfer, pos, cash etc).

Except you're working for a government establishment, you have every right to choose a particular form of transaction for your business.

Stop sounding empty pls, I don't want to believe I'm arguing with a supposed educated individual.

jelel6:


I agree the supermarket is a victim like most private entities, so they are expected to take measures to protect their interest. However, rejecting the Naira at this moment under the excuse of CBN directive is naive, especially when you are big enough that word will get out to local authorities in a state with vested interest.

Yes, it's certain that Buhari's government is behind the policy. But the CBN knows its own capacity and the challenges they are facing, does it look like they are advising the FG to extend the deadline to allow them phase out the old notes effectively? No. They are very much behaving like it's Feb 10 or Feb 15 and nothing else. Despite the reality on ground.

It was always ambitious for our government to think they can phase out old notes in less than 6 months. I have nothing against the policy - but it hurts the common people even more than the politicians they are targeting.

At the bolded, Buhari has axe to grind so the CBN governor now isn't acting on supervisory role rather he has been mandated to ensure the plan goes as the boss wants. Let me paint a scenario, If your boss ask you ask you how long will this project take, you can actively bid your time and give a reliable date but when your boss just tell you I need this project to be done in 2 weeks I don't care how is gonna be done just let it be two weeks, you will have no option than to resort to knee jerk approach. This exactly is the case of Emefiele with the money policy. I can't really fault Emefiele because I know his predicament not necessarily because he knows what he is doing.

Wali84:
all these people from South East no get sense

Your Papa nor get sense

9jaRealist:


NOPE! HE MOST CERTAINLY DOES NOT!!

Some Nigerians should please quit this ‘Rankadede’ mindset…
The President is an ELECTED PUBLIC SERVANT - not a feudal monarch or emperor!
>

so who then elect the chief Judges? You?