Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes - Politics

Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes (81086 Views)

Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by dre11(op): 2:37pm On Mar 06, 2023

Some commercial banks have started issuing out old N500 and N1000 notes to their customers. At least three banks in Abuja, issued out old N500…

By
Some commercial banks have started issuing out old N500 and N1000 notes to their customers.

At least three banks in Abuja, issued out old N500 and N1000 notes to customers in Abuja on Monday while a bank in Kano also did the same.

Checks by Daily Trust on Monday afternoon showed that some banks were still maintaining old status quo by issuing out only old N200 notes.

The Central Bank of Nigeria (CBN) is yet to issue a directive on the order of the Supreme Court that the old N500 and N1000 notes phased out by the Federal Government must remain in circulation till December.

In a unanimous judgement, a seven-member panel of justices presided by Justice Inyang Okoro, on Friday, held that the directive by President Muhammadu Buhari to the Central Bank of Nigeria (CBN) for the redesigning and withdrawal of old notes of N200, N500 and N1,000, without consultation with the states, the Federal Executive Council (FEC) and the National Council of State and other stakeholders, was unconstitutional.

The apex court observed that no reasonable notice was given before the implementation of the policy as provided under the CBN Act.

https://dailytrust.com/breaking-banks-resume-paying-nigerians-old-n500-n1000-notes/

42 Likes 10 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by GOFRONT(m): 2:38pm On Mar 06, 2023

.........That still will not stop Obi and Obidients from reclaiming their stolen Mandate.....

We cant endure another 8yrs of rulership of a Cloned Tinubu.

349 Likes 30 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by Edoreborn: 2:40pm On Mar 06, 2023

Hian!

1 Like 1 Share

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by Racoon(m): 2:41pm On Mar 06, 2023

After suffering the masses in this worst inconsistent and incongruent policy of government ever seen under this regime?

43 Likes 6 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by nakaman: 2:44pm On Mar 06, 2023

Una sure say this country fit still work.?

183 Likes 6 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by puremaker7(m): 2:45pm On Mar 06, 2023

Sai Jagaban

144 Likes 14 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by Xscape1993(m): 2:45pm On Mar 06, 2023

Nothing will ever surprise me in this evil government anymore...

39 Likes 4 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by DennisEche(m): 2:46pm On Mar 06, 2023

Buhari can't even get anything right. Why then the surfering when we are going back to level zero

99 Likes 4 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by Olachase(m): 2:47pm On Mar 06, 2023

GOFRONT:
.........That still will not stop Obi and Obidients from reclaiming their stolen Mandate.....

oga shift make we see road first undecided

228 Likes 25 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by Parachoko: 2:53pm On Mar 06, 2023*

Pandora Urchins suffered in vain

Shame on Him Tu Lie for supporting this useless policy

cc Princeoflagos Geraldboss

132 Likes 16 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by Putinofrussia: 2:56pm On Mar 06, 2023

GOFRONT:
.........That still will not stop Obi and Obidients from reclaiming their stolen Mandate.....

We cant endure another 8yrs of rulership of a Cloned Tinubu.

Stupidity at its peak.

133 Likes 14 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by baralatie(m): 2:58pm On Mar 06, 2023

It will ease the pressure

12 Likes 1 Share

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by muykem: 3:02pm On Mar 06, 2023

GOFRONT:
.........That still will not stop Obi and Obidients from reclaiming their stolen Mandate.....

We cant endure another 8yrs of rulership of a Cloned Tinubu.

It's well with Obidients.

46 Likes 3 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by helinues: 3:02pm On Mar 06, 2023

Nigerians are just un serious about the naira redesign. I was just laughing with the back and forth arguments about it when it's something that will inflict hardship on Nigerians.

The policy is good but the implementations was just so poor. Naira redesign wasn't part of Apc manifesto, the idea came late just to show Buhari fight corruption which caught Apc governors on aware.

It wasn't a deliberate attempt to work against Tinubu. Emefiele assured Buhari that the policy will work. More than half of the new naira notes first released was obtained by the politicians irrespective of political party, Emefiele should have extended the stipulated time as the implementations failed.

Emefiele might have good intentions about the policy but the implementations should have been reviewed earlier.

Emefiele should have admitted to Buhari that the implementations failed but was instead trying to save face

50 Likes 3 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by jUeLiZ: 3:04pm On Mar 06, 2023

nakaman:
Una sure say this country fit still work.?

bros the confusion too much.

16 Likes 4 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by princemillla(m): 3:05pm On Mar 06, 2023

So far that same bank wit collect it after it circulate then it’s not big deal. We don’t need CBN statement to make it legal anymore

23 Likes 2 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by sweetonugbu: 3:05pm On Mar 06, 2023

Buharia just suffered the masses in vain.

25 Likes

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by IgOga(m): 3:06pm On Mar 06, 2023

GOFRONT:
.........That still will not stop Obi and Obidients from reclaiming their stolen Mandate.....

We cant endure another 8yrs of rulership of a Cloned Tinubu.

Cloned ke

Tinubu of Medina abi grin

36 Likes 5 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by securitywatch50: 3:06pm On Mar 06, 2023

What APC government can not do doesn't not exist, after all the suffering and back to square one.

The motives all so failed

2 Likes

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by inoki247: 3:07pm On Mar 06, 2023

Lol confused country and Buhari nd Emiefiele fails to talk...

2 Likes

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by AfricanColumbus: 3:08pm On Mar 06, 2023*

Naira Redesign: Why The Old Naira Notes Should Not Be Returned

https://www.youtube.com/watch?v=x1ACuJfGVl0

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by KanwuliaExtra: 3:10pm On Mar 06, 2023

NAIRA re-designer fraud! grin

After spending trillions to make new Naira notes? grin

Buhari and APC.

13 Likes 2 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by tempest01(m): 3:11pm On Mar 06, 2023

They are setting the ground for vote buying

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by adekolaelect(m): 3:12pm On Mar 06, 2023

GOFRONT:
.........That still will not stop Obi and Obidients from reclaiming their stolen Mandate.....

We cant endure another 8yrs of rulership of a Cloned Tinubu.

mumu after Buhari clone Na Tinubu clone remain for you huh

37 Likes 6 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by Nobody: 3:17pm On Mar 06, 2023*

GOFRONT:
.........That still will not stop Obi and Obidients from reclaiming their stolen Mandate.....

Through which COURT? You were foaming in the mouth that we should take our old notes to supreme court...and now you want to reclaim mandate through same court. Oponu

.

23 Likes 3 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by Zincfingers: 3:20pm On Mar 06, 2023

TINUBU IS HERE

21 Likes 3 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by mytime24(f): 3:31pm On Mar 06, 2023

Confused nation

2 Likes

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by Offpoint1: 3:31pm On Mar 06, 2023*

Nigeria was not designed to work.

Nigerians will actually celebrate this because the system has programmed them to be all about "WHAT I AM EATING TODAY "... they can't see beyond the crumbs they'll eat today.

11 Likes

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by bluefilm: 3:31pm On Mar 06, 2023

POS operators will not like this news at all.

12 Likes 2 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by georjay(m): 3:31pm On Mar 06, 2023

GOFRONT:
.........That still will not stop Obi and Obidients from reclaiming their stolen Mandate.....

We cant endure another 8yrs of rulership of a Cloned Tinubu.

Buhari...........Jibril

Tinubu........... huh

?

Clowns

14 Likes 3 Shares

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by Pwettylinda(f): 3:32pm On Mar 06, 2023

This is not confirmed yet

Re: Banks Resume Paying Nigerians Old ₦‎500, ₦‎1,000 Notes by Reelmii: 3:32pm On Mar 06, 2023

Pos operators will not like this

17 Likes 2 Shares

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