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CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes (58246 Views)

We Did Not Authorise Commercial Banks To Collect Old ₦500, ₦1000 Notes - CBN / Video Of Nigerians Arriving CBN Office With Sacks Of Old ₦‎500 And ₦‎1,000 Notes / 15-Year-Old ₦‎500 Note Currently In Circulation (Pictured) (2) (3) (4)

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Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by OkpaAkuEriEri(m): 2:55pm On Feb 17, 2023
cheesy dirty money don hook 4 nasir teeth.
E cum dey fyt im oga.
Tilumbu no no as e wan take pay for vote.

Onye mpa, ntooor

1 Like 2 Shares

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by sotall(m): 2:55pm On Feb 17, 2023
cool
Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by Sonnobax15(m): 2:55pm On Feb 17, 2023
cheesy
Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by kosovo(m): 2:55pm On Feb 17, 2023
seunmsg:



And what’s the big deal in filling a form online and generating a code? We’ve filling forms and generating IRR before making payments to TSA, Remita etc so what’s the difference?

Lol, if you like fill all the form in the world, your drug baron will never smell Aso Rock!

10 Likes 1 Share

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by HIGHESTPOPORI(m): 2:55pm On Feb 17, 2023
seunmsg:
CBN is simply trying to be clever by half since they know the governors are already ahead of them. If Banks are still collecting the old notes, then business can still collect them as legitimate means of exchange and then proceed to deposit same in banks.

This kind of policy summersault is what happens when you try to implement an illegal decision despite the order of the Supreme Court and the very obvious hardship that citizens are facing. Kudos to the courageous governors who have ordered their residents to continue to accept the old notes as means of exchange. They are the heroes this period. Big shame on all those who are supporting the suffering that Buhari and Emefiele are inflicting on Nigerians simply because of politics. After the election, Asiwaju Bola Tinubu will reverse the inhuman policy.
Without money to buy votes, yoruba Muslim votes can't make tinubu win

7 Likes 2 Shares

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by Akinsete19(m): 2:55pm On Feb 17, 2023
grin grin
Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by Biodun556(m): 2:55pm On Feb 17, 2023
Sodiq3:
CBN simply wants to direct the public anger towards the banks. Nigerians are already besieging CBN and they know that anything can happen from there.

I learnt CBN Ibadan is burnt down

1 Like 1 Share

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by TOPCRUISE(m): 2:55pm On Feb 17, 2023
Better. After Banks have been turned to collateral damage

2 Likes

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by Okhuadams(m): 2:56pm On Feb 17, 2023
Buhari4sale:
Cool, I'm going back to that place again tonight grin

The girls didn't collect old notes from customers last night. I need to fvck badly.
For your mind now you feel say you make sense

1 Like

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by Antoeni(m): 2:56pm On Feb 17, 2023
CBN Governor Very Unstable

12 Likes 2 Shares

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by easytig(m): 2:56pm On Feb 17, 2023
But president hell rufai Said we should spend it na,na wa o
Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by Nobody: 2:56pm On Feb 17, 2023
Have already told grandma not collect any old money even the old two hundred naira the stress i went through to deposit her hundred thousand Naira if not i have a childhood friend of mine working in CBN no more again no new money no sales again

4 Likes

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by kosovo(m): 2:57pm On Feb 17, 2023
seunmsg:



And what’s the big deal in filling a form online and generating a code? We’ve filling forms and generating IRR before making payments to TSA, Remita etc so what’s the difference?

Lol, if you like fill all the form in the world, your dru baron will never smell Aso Rock!

3 Likes 1 Share

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by Anonymous0001: 2:57pm On Feb 17, 2023
Vote Bola

7 Likes 2 Shares

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by tinsel: 2:57pm On Feb 17, 2023
press9jatv:
Cbn only make the pronouncement to ease the stress in the public. You will still passed through the stress but not much by generating the code online. Also the #500 and #1000 is no more a legal tender in the public. Cbn operatives want to ease the stress of Nigerians here. Kudos to them. More collections of the old naira notes.
You can define it the way you want. You have lost out again. Go back to your insults on Buhari

15 Likes 3 Shares

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by 27Pushing30: 2:57pm On Feb 17, 2023
christejames:
Better but the notes are no longer legal tender

If you went to school you’d know that technical the notes are still legal tender.

14 Likes 4 Shares

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by YorubaSamurai: 2:58pm On Feb 17, 2023
tinubu wins again.. cheesy
untimely death locate obi and his family plus supporters.. amen

8 Likes 4 Shares

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by AnyanwuSilas: 2:58pm On Feb 17, 2023
Wahala dey o, new money we no see and they still want to collect the old ones we have

7 Likes 2 Shares

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by XendersPride(f): 2:58pm On Feb 17, 2023
seunmsg:
CBN is simply trying to be clever by half since they know the governors are already ahead of them. If Banks are still collecting the old notes, then business can still collect them as legitimate means of exchange and then proceed to deposit same in banks.

This kind of policy summersault is what happens when you try to implement an illegal decision despite the order of the Supreme Court and the very obvious hardship that citizens are facing. Kudos to the courageous governors who have ordered their residents to continue to accept the old notes as means of exchange. They are the heroes this period. Big shame on all those who are supporting the suffering that Buhari and Emefiele are inflicting on Nigerians simply because of politics. After the election, Asiwaju Bola Tinubu will reverse the inhuman policy.
This pepper sweet. Which governors ahead? Ode. The same kaduna CBN that is filled up. Mumu

1 Like

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by tinsel: 2:58pm On Feb 17, 2023
Thewrath:
Foolish people celebrating it as a win for tunubu,the process is still thesame,you still need a reference number from cbn to pay in and at max 500k….this is what the cbn wants,the aim is still on track to mop up all old notes before election.
Back down when you have lost. Don't try to qualify it.

9 Likes 4 Shares

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by Xscape1993(m): 2:59pm On Feb 17, 2023
Confusion everywhere.....
Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by Diligence: 2:59pm On Feb 17, 2023
Confirm your sources because of CORNFUSED urchins who HV misled millions of innocent Nigerians!

Take Back Your Country
ItIsNowOrNever
VoteObiDattiforABetterNigeria

1 Like

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by Tflex01: 2:59pm On Feb 17, 2023
seunmsg:
CBN is simply trying to be clever by half since they know the governors are already ahead of them. If Banks are still collecting the old notes, then business can still collect them as legitimate means of exchange and then proceed to deposit same in banks.

This kind of policy summersault is what happens when you try to implement an illegal decision despite the order of the Supreme Court and the very obvious hardship that citizens are facing. Kudos to the courageous governors who have ordered their residents to continue to accept the old notes as means of exchange. They are the heroes this period. Big shame on all those who are supporting the suffering that Buhari and Emefiele are inflicting on Nigerians simply because of politics. After the election, Asiwaju Bola Tinubu will reverse the inhuman policy.

All the Zombiedients celebrations in the mud. grin

11 Likes 4 Shares

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by XendersPride(f): 3:00pm On Feb 17, 2023
HIGHESTPOPORI:
Without money to buy votes, yoruba Muslim votes can't make tinubu win
Don’t mind the fool. Let them go and spend it. Election is next week Saturday. What a time to be a Nigerian.

1 Like

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by fof1: 3:00pm On Feb 17, 2023
Buhari4sale:
Cool, I'm going back to that place again tonight grin

The girls didn't collect old notes from customers last night. I need to fvck badly.

Go and Kill Urself Bcoz of Fleshly Pleasures...Death is at HELL's Gate!
Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by Holluwhakemmy(f): 3:00pm On Feb 17, 2023
Better. What they ought to have been done in the first place. They are just creating unnecessary issues for us
Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by jaxxy(m): 3:01pm On Feb 17, 2023
Good
Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by TheSameGuy(m): 3:01pm On Feb 17, 2023
Ijiot. But today is 17th, the last day. Isn't so? Emefiele must not go unpunished

9 Likes 4 Shares

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by DarkPheonix: 3:01pm On Feb 17, 2023
They are bent on sabotaging buhari effort at curbing terrorism, kidnapping and corruption.

This policy is the best thing buhari did throughout his tenure, haven't you all noticed that kidnapping as reduced drastically? But corrupt and evil people will want you to believe Buhari is just suffering the masses unnecessarily.

5 Likes

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by Spiritmask: 3:02pm On Feb 17, 2023
salesbloo:
You see why APC Governors are right



Emefiele is a clown

I can deposit 500K in 5 different bank accounts making 2.5m meaning old notes is still a legal tender .....since the deadline specified is April 10 . Alternatively if you have individual and corporate accounts ....500k in each account


Redesign Policy is completely defeated.

You can't generate the reference code more than once with your BVN, and you can't use the code for more than one deposit.
So if you like go to 500 banks

11 Likes 2 Shares

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by danngnews: 3:02pm On Feb 17, 2023
seunmsg:
CBN is simply trying to be clever by half since they know the governors are already ahead of them. If Banks are still collecting the old notes, then business can still collect them as legitimate means of exchange and then proceed to deposit same in banks.

This kind of policy summersault is what happens when you try to implement an illegal decision despite the order of the Supreme Court and the very obvious hardship that citizens are facing. Kudos to the courageous governors who have ordered their residents to continue to accept the old notes as means of exchange. They are the heroes this period. Big shame on all those who are supporting the suffering that Buhari and Emefiele are inflicting on Nigerians simply because of politics. After the election, Asiwaju Bola Tinubu will reverse the inhuman policy.

Keep wailing, Tinibu will be retired to Iragbiji after coming distant 4th.

1 Like

Re: CBN Orders Banks To Collect Old ₦‎500, ₦‎1,000 Notes by Olaxbolax100: 3:02pm On Feb 17, 2023
seunmsg:
CBN is simply trying to be clever by half since they know the governors are already ahead of them. If Banks are still collecting the old notes, then business can still collect them as legitimate means of exchange and then proceed to deposit same in banks.

This kind of policy summersault is what happens when you try to implement an illegal decision despite the order of the Supreme Court and the very obvious hardship that citizens are facing. Kudos to the courageous governors who have ordered their residents to continue to accept the old notes as means of exchange. They are the heroes this period. Big shame on all those who are supporting the suffering that Buhari and Emefiele are inflicting on Nigerians simply because of politics. After the election, Asiwaju Bola Tinubu will reverse the inhuman policy.

The thing is that even this reversal would not still stop the coming protests... If I deposit my old 500k note, will the bank give me new naira notes

The protest on the street is because of the scarcity of the new notes... The old note still won't be collected on the street

9 Likes 1 Share

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