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Nairaland Forum / Nairaland / General / Politics / Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court (41786 Views)
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Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by baralatie(m): 11:06pm On Mar 03, 2023 |
Bluffly:Try and understand the judgement first and you will realize emefiele goofed And he would not have been skinned if only he was been professional in making sure the new notes were sustaining or at least the old notes were sustaining When emefiele was warned about the bottlenecks in the policy he was using buhari as a cover and hardly bordered 1 Like |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by mastermaestro(m): 11:08pm On Mar 03, 2023 |
Thegamingorca: Don't set yourself up for another round of heartache, I strongly advise you. If you folks are hoping on some fathom evidences and unverifiable social media video recordings which are largely inadmissible in election tribunals, you guys better channel your energy into better ventures. Elections are over! 2 Likes 1 Share |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by candygist: 11:09pm On Mar 03, 2023 |
Thegamingorca: You know how it always ends for who ever you support. Do you need a reminder ? 4 Likes 1 Share |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by mechanics(m): 11:10pm On Mar 03, 2023 |
He does not have intelligent advisers, they are just advising him wrongly. |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by Bluffly: 11:19pm On Mar 03, 2023 |
baralatie:There was no goofing but corruption interference at play. Beyond derived intent, the Nigerian economy requires the policy. And the supreme court should have made a better judgement by giving a mandate to the circulation of the new notes especially 200NGN within a given time frame. 1 Like |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by IamANigerianMan: 11:22pm On Mar 03, 2023 |
jaxxy:The judge is high on drug 2 Likes |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by baralatie(m): 11:25pm On Mar 03, 2023 |
Bluffly:Emefiele goofed like mad. He is the cbn He knows the state of infrastructure within the system(he knew that underbanking is an issue.he also knew that it isues persist because the banks were coaxing to cover problems that were arising as at 2021..access,uba and co.he knew practically that naira swap was not feasible.he also knew that conscripting currency in active supply will create problems) Now you see that 200 notes brohaha.it was meant to be new notes not the old notes.instead he printed the #1000 notes and #500 notes and ran into problems.inorder to cover himself he now advised the president that they can recirculate the old 200 notes.i just laced when I read it because I knew it would not solve the problem immediately he said the money will be at the counter Abeg emefiele goofed jare 2 Likes 1 Share |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by waynetee(m): 11:29pm On Mar 03, 2023 |
Thegamingorca: Why? |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by Dwizeone: 11:31pm On Mar 03, 2023 |
jaxxy:I’m surprised the Supreme Court doesn’t understand this, besides the restriction is via physical cash 1 Like |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by ufotunang: 11:39pm On Mar 03, 2023 |
If Buhari and emefiele do not obey the supreme Court charged them for contempt of court and get them arrested... don't they know how nigerians are suffering out there... businesses has closed down..and they do not even care |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by Thegamingorca(m): 11:44pm On Mar 03, 2023 |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by MrDoGood(m): 11:54pm On Mar 03, 2023 |
Na to press charges |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by bitbillionaire: 11:57pm On Mar 03, 2023 |
Nice one supreme court |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by Tee2027: 12:00am On Mar 04, 2023 |
Thegamingorca: I love your Disney land fantasy fantastically ndooh!!! Una go hear am in big way. |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by benjaminlawson(m): 12:01am On Mar 04, 2023 |
jaxxy: I totally agree with you, this is the only aspect of the judgement that is anti people. The aspect of limit in Withdrawer does not mean you can't spend your money, it only put limit to your cash expenditure, you can spend any amount through banking process, the court is erred on this, because the judges are not financial experts who should shape our economy on certain decisions, or do any one dictates to them how to interpret the law. This is an act of taking over CBN functions, that is why their judgement sometimes are not obeyed. Constitutional responsibility of CBN is currency management, why any judge take over that role, or may be it will affect those who come to bribe them with billions of naira, because they will not be able to withdraw such, and bank process will expose them. This policy is meant to check corruption. 2 Likes 1 Share |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by Morphinne: 12:02am On Mar 04, 2023 |
But them Chinedus and Okoros claimed the policy was the best thing after fried rice and immediately started worshipping Buhari they had hated all their miserable lives just because they thought the ill-implemented policy would jeopardize Asiwaju’s victory |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by Thedon22: 12:09am On Mar 04, 2023 |
And Obi and his supporters supported the illegal and unconstitutional policy and he wants to become Nigeria's president. Never ! |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by Enemyofpeace: 12:12am On Mar 04, 2023 |
Take it or leave it, Buhari's government is a complete failure. Eight years of nation's life wasted. If not for nairaland and Mynd44 that kept me busy throughout the eight years, the man for waste eight years of my life too. |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by benjaminlawson(m): 12:13am On Mar 04, 2023 |
mastermaestro: If that is the case above, why INEC chairman urging and the party that claimed to have advocating that they should go to court not the street, if the court behaved the way you have concluded, what then do you think will happen, that is why they said that thief that send they should take him to court knows the his senior brother is the judge, think about this. |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by DMCA: 12:13am On Mar 04, 2023 |
Goodies22:Meet Peter Obi, he will give it to you. |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by Franking: 12:19am On Mar 04, 2023 |
Nigeria is illegal gan ni. |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by rickleye: 12:23am On Mar 04, 2023 |
That actually should not be Illegal. Banks can set how much you can withdraw. Can you imagine if everyone withdraw 1M from their account. Banks would have borrow to pay everyone. It you need large sum walk into a bank. |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by 7arrows: 12:27am On Mar 04, 2023 |
tinsel: U guys r playing with us. U r all bunch of idiots. But the truth is that u can't continue fooling the masses, we done wake up. All u old demented men una time done reach. Today no old note tomorrow yes to old notes. That means the fools knew what they were doing. Even the new notes not dey circulation so they will inject the old ones they hoarded back into the system through the same banks and cbn for the main time. |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by YeyeGbami: 12:47am On Mar 04, 2023 |
Thegamingorca:
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Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by richboy7(m): 1:04am On Mar 04, 2023 |
jaxxy: Except provided by the law |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by MuchAdo: 1:37am On Mar 04, 2023 |
KanwuliaExtra: Yes o |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by LadyExcellency: 1:41am On Mar 04, 2023 |
richboy7: This is just a faulty legal opinion. It wasn't and wouldn't be part of any judgment because cash limt has been in the law since decades and as such nothing was said by the judge in actual sense because he cancelled out himself by the expression "Except provided by the law", a policy of the CBN is also a law by the virtue of the powers conferred on the institution by the law to set out monetary policy. 1 Like |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by VenumX: 1:46am On Mar 04, 2023 |
Such has never happened in my life time. Emefiele the south South air head. |
Re: Naira Redesign: Banks’ Cash Withdrawal Limit Is Illegal – Supreme Court by yom2(m): 2:12am On Mar 04, 2023 |
FreeStuffsNG:it was targeted against him becos he is the only one or politician that needs or uses money.?People should drop all these dumb conspiracy theories. Even those that believe that that calculation will work are dumb as well cos they only end up inflicting terrible hardship on the masses.the tiny upside was that they slowed down inflation and brought in more people and cash that was before now outside into the banking system. |
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