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Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling (28076 Views)

Businesses, Transporters Reject Old Naira Notes Amid Supreme Court’s Ruling / New Naira Policy: Do People Still Accept Old Naira Notes In Your Area? / Cashless Policy: CBN To Phase Out And Replace All Naira Notes In Circulation (2) (3) (4)

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Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by MyVILLAGEpeople(m): 12:52pm On Mar 04, 2023
Evolutionlove:
DANGOTE & The rest of the Cabals are currently using your Monies to Finance their On Going Projects.

Only Few Intellects would understand this Great Heist.

Very big heist

1 Like

Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by dododawa1: 12:57pm On Mar 04, 2023
All will be well inshallu
Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by Nobody: 1:00pm On Mar 04, 2023
Emefiele and buhari should hands down, they can't win this war

4 Likes 2 Shares

Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by Onyiiobi7735(m): 1:00pm On Mar 04, 2023
jaxxy:
Good. The supreme Court does not have to power to dictate monetary laws and policies.
So you enjoyed the hardship incurred by the scarcity of cash, obviously.And who told you that the Supreme court doesn't have power over monetary policy when it goes against the constitution.

4 Likes 1 Share

Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by famology(m): 1:05pm On Mar 04, 2023
I just dey pity emefiele

3 Likes 2 Shares

Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by Nobody: 1:07pm On Mar 04, 2023
This man is making it harder for the people that will beg on his behalf. Tinubu will chew you when he gets into office. Better quit the grandstanding and apologize

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Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by jaxxy(m): 1:07pm On Mar 04, 2023
Onyiiobi7735:

So you enjoyed the hardship incurred by the scarcity of cash, obviously.And who told you that the Supreme court doesn't have power over monetary policy when it goes against the constitution.

if it is against the constitution yes bt jot because criminals don't like it.

I didn't enjoy the lack of cash bt the cash limits given was ok bt problem was availability of the cash not the limits.

2 Likes 2 Shares

Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by casualobserver: 1:13pm On Mar 04, 2023
What legal advice, do they not understand the word “supreme” in Supreme Court?

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Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by tamdun: 1:21pm On Mar 04, 2023
ejifranks:
They are all in this together. All of them. Do not be decieved by the accusations and counter- accusations. Evil men playing chess with the psyche and lives of the poor masses. It's all scripted.
But u guys were praising Emefiele not too long ago
Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by gassbee: 1:25pm On Mar 04, 2023
jaxxy:


there are political judgements or don't u know?
are u saying this judgement is a political judgement
Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by ejifranks(m): 1:27pm On Mar 04, 2023
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Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by FireUpNow(m): 1:30pm On Mar 04, 2023
Tinubu, Buhari and Emiefele planned all this together. Supreme court playing along. They tried for making the common man suffer
Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by jahsharon: 1:30pm On Mar 04, 2023
Upworkwriter007:
legal advice? lol

He will definitely be jailed by Tinubu and his bank Zenith Bank brought to it's knees. As for the whereabout of Eko Bank whose Chairman Tunde Ayeni played politics. Tinubu has closed the bank and renamed it. Tinubu's boys are the ones currently running the new brand name

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Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by sangresan(m): 1:44pm On Mar 04, 2023
Jostoman:
Na your problem be that, we are not interested in the game that you emefiele, buhari,Tinubu and Supreme court are playing with nigerians with una useless new and old naira nonsense

One Ipob sighted. Una go receive sense by fire by force.
Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by Geometrix(m): 1:50pm On Mar 04, 2023
So na him get zenith bank? I de wonder for some of una seriously.quote author=jahsharon post=121464889]

He will definitely be jailed by Tinubu and his bank Zenith Bank brought to it's knees. As for the whereabout of Eko Bank whose Chairman Tunde Ayeni played politics. Tinubu has closed the bank and renamed it. Tinubu's boys are the ones currently running the new brand name [/quote]
Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by Sholaco: 1:57pm On Mar 04, 2023
Emefiele must be jail
Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by jaxxy(m): 1:57pm On Mar 04, 2023
gassbee:
are u saying this judgement is a political judgement

possibly yes cos it doesn't seem objective.
Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by Neye412(m): 2:03pm On Mar 04, 2023
reiddecuti:
Make una do release our money. Buhari don prove say nothing good will ever come out from him. That he's a true definition of failure, suffering, nonchalance, wickedness, daft, incompetent. It happened in 1974 and now it's repeating again.




1974 or 1983/84. Check your history book before you cap next time Obingo. My grouse with you Obingos is your overnight support for the incompetent Buhari and hydra headed devil Emefiele. You guys thought the policy was meant to stiffen Tinubu of funds so as not to mobilize. You guys failed woefully and you now crying wolf.

1 Like

Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by Neye412(m): 2:05pm On Mar 04, 2023
reiddecuti:
Make una do release our money. Buhari don prove say nothing good will ever come out from him. That he's a true definition of failure, suffering, nonchalance, wickedness, daft, incompetent. It happened in 1974 and now it's repeating again.




1974 or 1983/84. Check your history book before you cap next time Obi supporter. My grouse with you Obi supporters is your overnight support for the incompetent Buhari and hydra headed devil Emefiele. You guys thought the policy was meant to stiffen Tinubu of funds so as not to mobilize. You guys failed woefully and you now crying wolf.
Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by Timiolutomi: 2:30pm On Mar 04, 2023
ejifranks:
They are all in this together. All of them. Do not be decieved by the accusations and counter- accusations. Evil men playing chess with the psyche and lives of the poor masses. It's all scripted.



Show me where I did that and I will send you 10000 right away.

Just 10,000 naira?
You can do more than that..
Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by Bluntemperor: 2:45pm On Mar 04, 2023
grandstar:

The CBN should stop trying to be a smart and reintroduce the use of the old notes as legal tender.
I have said the CBN will not obey the Supreme court ruling. This will only be done after the elections.

Pls, let's ask the CBN:
-How much is the Money in Circulation now?
-How much money that has been Printed now?
-How much that has been given to ALL Sectors now- Sectoral Distribution?
-How much has been given to the BANKS, that up till today,no Money is coming from Bank ATM?
In my Area,many branches of the Bank are not opening- just to show you how bad the situation is!
-How much has been given to,even POS - providers that they don't have money?
The irony is that CBN Collected our Money but is not ready to return them!
The Truth is that - No New Naira Notes and the CBN have nothing to give anybody - for you can only give what you have!
This CBN is only buying -time, as many businesses are crumbling, while individuals cannot even buy little things like Garri,rice , onions etc.
Very Shameful indeed!

1 Like

Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by grandstar(m): 3:08pm On Mar 04, 2023
Bluntemperor:


Pls, let's ask the CBN:
-How much is the Money in Circulation now?
-How much money that has been Printed now?
-How much that has been given to ALL Sectors now- Sectoral Distribution?
-How much has been given to the BANKS, that up till today,no Money is coming from Bank ATM?
In my Area,many branches of the Bank are not opening- just to show you how bad the situation is!
-How much has been given to,even POS - providers that they don't have money?
The irony is that CBN Collected our Money but is not ready to return them!
The Truth is that - No New Naira Notes and the CBN have nothing to give anybody - for you can only give what you have!
This CBN is only buying -time, as many businesses are crumbling, while individuals cannot even buy little things like Garri,rice , onions etc.
Very Shameful indeed!

The suffering is better imagined.

At the very least, let the old notes in circulation still be used as legal tender until the CBN prints new notes. It shouldn't withdraw old notes from circulation until it has enough new notes to replace that deposited.

many people still have the old notes, so its use as legal tender will suffice or reduce the level of suffering a lot

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Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by Simpubozz(m): 3:20pm On Mar 04, 2023
lol CBN has no choice than to obey the SC now ..

3 Likes 2 Shares

Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by Gaabasky: 3:33pm On Mar 04, 2023
Someone should just castrate this Emefiele guy. It's like his testosterone level is high.

2 Likes 1 Share

Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by yemi1504: 3:53pm On Mar 04, 2023
Caseless:


grin grin grin grin

This people are useless. Emefiele is a domkop. He didn't need the finance minister or any minister to activate this policy, but he's waiting for legal advise from "atanni" general to respect the Supreme Court. Once Supreme rules, it becomes an order and a law immediately. We need to do a lot with our system.

You can say that again! I wonder how they keep disregarding court orders like this! It is a very bad precedence!

1 Like

Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by yemi1504: 4:01pm On Mar 04, 2023
grandstar:


The suffering is better imagined.

At the very least, let the old notes in circulation still be used as legal tender until the CBN prints new notes. It shouldn't withdraw old notes from circulation until it has enough new notes to replace that deposited.

many people still have the old notes, so its use as legal tender will suffice or reduce the level of suffering a lot

Abi. This stubbornness of CBN is highly uncalled for! In saner climes, both the old notes and new notes are allowed to co-exist until the old notes are phased out. Why is ours different? I wonder if we are really practicing democracy with this flagrant disregard of court orders by the executive arm of government.

3 Likes 1 Share

Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by ejifranks(m): 4:04pm On Mar 04, 2023
Timiolutomi:


Just 10,000 naira?
You can do more than that..
he should send the evidence first.

2 Likes

Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by Constanttruth(m): 4:34pm On Mar 04, 2023
I know that CBN will not obey that court ruling like their father. God please help your children in this corntree
Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by onyxo76(m): 4:45pm On Mar 04, 2023
just make the cash available, that's all we want.
Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by gassbee: 5:01pm On Mar 04, 2023
jaxxy:


possibly yes cos it doesn't seem objective.
so u r comfortable with how nigerians are suffering just to collect their hard earned money in d bank, you queue up at d bank only to collect 10k, people now buy money in order to have some cash to take care of bills, u think this is normal

1 Like

Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by jaxxy(m): 5:06pm On Mar 04, 2023
gassbee:
so u r comfortable with how nigerians are suffering just to collect their hard earned money in d bank, you queue up at d bank only to collect 10k, people now buy money in order to have some cash to take care of bills, u think this is normal

I didn't say I so. I said they should make cash available. The policy is not the issue bt the unavailability of cash and sabotage by banks
Re: Naira Policy: CBN Awaits Legal Advice On Supreme Court Ruling by gommez: 5:07pm On Mar 04, 2023
jaxxy:


possibly yes cos it doesn't seem objective.
the naira design policy, wat did it really achieve

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