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CBN Debunks Plan To Shut Down Financial Transactions Over Elections - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessCBN Debunks Plan To Shut Down Financial Transactions Over Elections (15016 Views)

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CBN Debunks Plan To Shut Down Financial Transactions Over Elections by santakris(op): 7:44am On Feb 23, 2023
The Central Bank of Nigeria has debunked rumours of its plans to halt financial transactions from the 23rd to the 27th of February, 2023, ahead of the upcoming elections.

A WhatsApp message stating that the apex bank will shut down all electronic bank network between Thursday and Monday in order to prevent vote-buying went viral at the beginning of the week.

Titled, “Special report” the message read, “CBN PLANS TO SHUT DOWN FINANCIAL TRANSACTION FROM THURSDAY 23 OF FEBUARY TILL 27TH OF FEBUARY..GO AND STOCK YOUR HOME….

It said, “Anyhow you can get money between today and tomorrow, get and keep it, also whatever transfer you want to do, do it between today and tomorrow. Information I’m hearing is that, as of Thursday, bank networks will go off till Sunday or Monday, so that politicians will not be able to transfer money to anybody for vote. So buy enough food at home, do your transfer now because the next five days will be difficult please.”


Sharing a copy of the said message via its verified Instagram page on Wednesday, CBN stated that the report was false and advised the public to “beware of fake news.”

The rumours come amid the naira redesign policy and currency swap which had resulted in scarcity of cash across several regions in the country.

The past two weeks have seen queues, riots and burning of banks in several cities due to the biting effect of the policy.
https://www.google.com/amp/s/punchng.com/cbn-denies-plans-to-shut-down-financial-transactions-for-election/%3famp

Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by Derrickfoster1: 8:17am On Feb 23, 2023
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by Nwaotu10(m): 8:45am On Feb 23, 2023
grin grin
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by inoki247: 9:11am On Feb 23, 2023
Lol we know say na doz Fake News and Theory people run the news before....


They don't mind if people stop breathing on Election day just because of election....
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by Helpfromabove1(m): 9:12am On Feb 23, 2023
What will be the logical reason to try such nonsense except they wan collect

The trouble of the cashless policy and new note is still very hard on the masses we are just hoping after the election thing we go back to normal
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by Nawteemaxie(m): 9:12am On Feb 23, 2023
Gbola Thief-nubu and his urchins will do anything to bring panic and cornfusion, so good citizens will not come out in their masses and vote. They have failed!

On Saturday, 25th of February, 2023, myself and the entire 7,098 registered voters of Ubulu-Uku, Delta state will come out en masse to vote H. E., Peter Omotejukwo Osariemen Danladi Obi, as the incoming President of the Federal Republic of Nigeria.

Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by Lionstep: 9:12am On Feb 23, 2023
Ok.....but which of the presidential aspirant forfeited $460k to USA recently?
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by Assassink: 9:12am On Feb 23, 2023
Urchins are very useless and brainless creatures.The agbadorians and drug sniffers are good in carrying fake news
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by scholarsfunding: 9:12am On Feb 23, 2023
Buhari the Master strategist..

Vote Peter Gregory Obi
Vote LP
Vote Labour Party
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by Felabrity: 9:12am On Feb 23, 2023
Yarimo handwork

He is always spreading fake news
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by MorataFC: 9:12am On Feb 23, 2023
Good
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by Nobody: 9:12am On Feb 23, 2023
APC rumors. Confusion orchestrated by a group of questionable characters fast fading into oblivion. Come Saturday we send APC back to sender. And to all APC urchins on Nairaland thinking they are actually worth something to APC or Tinubu, I laugh in Japanese.
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by jkpbestseries: 9:13am On Feb 23, 2023
G
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by mbahdi(m): 9:13am On Feb 23, 2023
Better
Emilokan jagabandits urchins spreading false news.ur defeat is just in two days time.
How will a sane person dress up on election day and move straight to vote in an ancestor to be his president.still u will be bold enough to tell ur children there are d leaders of tomorrow.while u still vote ur great grandpas to lead u today.shame on u all
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by Nobody: 9:13am On Feb 23, 2023
Only the mumus believe such rumours.
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by victorVIC1(m): 9:13am On Feb 23, 2023
That would have been an economic suicide. My own be say I no understand why the new cash never still dey available
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by superCleanworks(m): 9:14am On Feb 23, 2023
does it matter?
bank apps are ZERO
USSD is ZERO
bank website is dragged to the ground with overload.

so whats the difference?
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by ALABACONNECT(m): 9:14am On Feb 23, 2023
Abeg o

Well,for your UK used and new smart tv sets and soundbars, check my signature
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by ChizzyBuna(m): 9:14am On Feb 23, 2023
They should shut it down
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by Ayo25: 9:15am On Feb 23, 2023
grin
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by Imka: 9:15am On Feb 23, 2023
.
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by Godada(m): 9:15am On Feb 23, 2023
huh
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by Donedeal1(m): 9:15am On Feb 23, 2023
Some professional


are


more wicked than


Jezebel
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by divineuk(m): 9:15am On Feb 23, 2023
I knew
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by MuchAdo: 9:16am On Feb 23, 2023
Knew it was fake news all along embarassed
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by Paracetamol01: 9:16am On Feb 23, 2023
C
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by MFORC(m): 9:16am On Feb 23, 2023
IPOB/OBEDIENT AND PROPAGANDA BE LIKE 5&6
Derrickfoster1:
Urchins started the rumor

https://thumbs.gfycat.com/BountifulRealImperatorangel-size_restricted.gif
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by Didijiji: 9:17am On Feb 23, 2023
If dem shut down financial services na anarchy e go cause o

VOTE WISELY

Look at that your son and his future
Look at that your daughter and her future
Look at your aged parents and what they’ve been through in the last eight years
You whose family members were kidnapped
You whose village was ransacked by bandits
You who have been made poorer

Your destiny in the next 8 years is in your hands.

Prices hike and fuel scarcity knows no tribe or religion

VOTE WISELY
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by Assassink: 9:18am On Feb 23, 2023
victorVIC1:
That would have been an economic suicide. My own be say I no understand why the new cash never still dey available
The druggie and urinating machine don use bullon van carry the money enter house
Re: CBN Debunks Plan To Shut Down Financial Transactions Over Elections by seunlayi(m): 9:18am On Feb 23, 2023



Nevertheless, CBN , EFCC, ICPC and others should not go to sleep during the election period with the lingering cash scarcity, this will be a great opportunity to nail those that sell or buy votes. There is going to be a lot of 5k-10k transactions btw buyers and sellers of vote as already planned by some parties, they can find a way to track it and also limit transactions of each account holders to maybe 5-10 daily transactions during the weekend since commercial activities are going to be in a standstill.



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