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Nairaland Forum / Nairaland / General / Business / Banks Will Accept Old Naira Notes After Deadline - Emefiele (52081 Views)
New Naira Policy: Do People Still Accept Old Naira Notes In Your Area? / Supreme Court Temporarily Halts Banning Of Old Naira Notes / Old Banknotes Redeemable Only At CBN After Deadline - Emefiele (2) (3) (4)
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Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by baralatie(m): 2:35pm On Jan 31, 2023 |
rottennaija:Exactly |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Calibrator: 2:35pm On Jan 31, 2023 |
So what will stop me from collecting it from a client or customer knowing I can simply go and deposit it at the bank? rottennaija: 9 Likes |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Agadinaagwuofe: 2:36pm On Jan 31, 2023 |
Dreal1247: I think the writer misrepresented the actual statement. After the deadline from the memo I saw circulated within the banking industry, owners will take it directly to CBN and not banks. At the expiration banks will move their old notes to CBN while owners can't submit to bank. If after the deadline bank can still collect why the deadline? don't believe everything you read online. 1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by baralatie(m): 2:36pm On Jan 31, 2023 |
Calibrator:Well if the police man catch you dealing with old currency .what will you say? |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by 27Pushing30: 2:37pm On Jan 31, 2023 |
SmartPolician: You are speaking like a child… He threatened arrest if he failed to honor their invite Though you are presently a non-entity if for some reason the NASS calls you , you must present yourself . It’s the law 3 Likes |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by sterlingD(m): 2:37pm On Jan 31, 2023 |
sterlingD: |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by unclejb2(m): 2:38pm On Jan 31, 2023 |
Emefiele has been compromised. If the new note are still accepted until election day, then it's over 1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by leogho: 2:38pm On Jan 31, 2023 |
Abeg not vex, just copy and paste where e for talk so make we understand u better. The CBN law is quite straight forward on this issue, lawyers be won use am take get SAN. Find the CBN act read u go know why bro. kaeycea: |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by FashionCookie(f): 2:38pm On Jan 31, 2023 |
Wahala ooo...Wahala oooo...Wahala oooo |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Agadinaagwuofe: 2:38pm On Jan 31, 2023 |
Calibrator: You are correct. it is not logical and sensible, I saw a circular issued to banks during the weekend. After the deadline they will stop collecting but CBN will still be accepting it so many will take it directly to CBN. I think the writer misrepresented the statement. |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Calibrator: 2:39pm On Jan 31, 2023 |
Is the Police functional in Nigeria... Even they will receive their usual bribes in old notes and head to the bank. You think anything works in this country? baralatie: |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by baralatie(m): 2:39pm On Jan 31, 2023 |
So we are still back to the issue of the circulation of the new currency notes! So emefiele don enter am |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by 43Ronin: 2:39pm On Jan 31, 2023 |
You are a fool. This is why Nigeria should be run by technocrats and nor politicians |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by baralatie(m): 2:40pm On Jan 31, 2023 |
Calibrator:Na true you talk Collecting their usual in the old currency na him go sure pass |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by okpurukata(f): 2:40pm On Jan 31, 2023 |
Jack500: So are you jubilating over the triumph of corruption in Nigeria. So much for patrotism. Most of you don't really want this country to make progress. 2 Likes |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Babalegba(m): 2:40pm On Jan 31, 2023 |
Dreal1247:Lol, the politicians already have the new notes. Where do you think the new printed notes went They are not in circulation because they are with the politicians 1 Like 1 Share |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by toprealman: 2:40pm On Jan 31, 2023 |
Dreal1247:The guy is actually confused |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by IamSolopy(m): 2:41pm On Jan 31, 2023 |
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Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Eau01: 2:41pm On Jan 31, 2023 |
What is the essence of the deadline date then? That mean the aim of the policy is defeated already. Chai! 1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Elsueno: 2:42pm On Jan 31, 2023 |
Metchw....what an utter waste of time & effort...if that's d case they should never have stressed Nigerians... This man is d most Incompetent CBN governor ever 🤣🤣 1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by silibaba: 2:43pm On Jan 31, 2023 |
Dreal1247:CBN will continue to receive old naira notes from gtb, zenith, etc even after Feb 10, but gtb, zenith etc will stop receiving the old naira note from you and I after Feb 10. 1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by abah52: 2:43pm On Jan 31, 2023 |
The CBN has already achieved one of their major aim in this policy. About 1.9 trillion naira,which is 75 percent of total cash in the system has been mopped up. As it stands now, it will be a huge challenge for any presidential candidate to gather cash enough to buy votes across all the polling units in Nigeria. 2 Likes |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Ishilove: 2:44pm On Jan 31, 2023 |
An ill thought plan which was never going to work 3 Likes 1 Share |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Parachoko: 2:45pm On Jan 31, 2023 |
CrestMan:When dey deposit their old notes, won't it reflect in their account? |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by descartes400: 2:46pm On Jan 31, 2023 |
Dreal1247: It's not an innovation in the elections process. it is a poorly thought out policy, and borderline on election interference. Is the policy going to turn our politicians to Angels overnight? To what end exactly? b'cos after the elections these politicians will likely act to amend the CBN act, to whittle down the executive hold in order to avoid this current scenario we are facing. It's against CBN mandate to interfere with elections! 1 Like 1 Share |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Parachoko: 2:47pm On Jan 31, 2023 |
JuanDeDios:Can you kindly explain how it will still stop vote buying? |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by jorez: 2:49pm On Jan 31, 2023 |
What this simply means is that,when you bring the old Naira note to the banks after the deadline of February 10th,they will take it from us as trash with no monetarily value to your account,meaning zero crediting to your account,Na you go chose either to trash the cash at home or take it to the bank to trash.Either way Na trashing after Feb 10th for old notes 1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by seborrhic: 2:50pm On Jan 31, 2023 |
SmartPolician:Did you complete secondary school? That if he still fails to appear,they would issue a warrant of arrest for him.Since he has appeared,no need for the arrest! It's just that the nass is full of clowns and criminals who are only interested in how much they can get for being there,if not,they would know the constitution grants them a lot of powers,in their oversight functions. That's why people don't take them serious,but at least any person that passed through a secondary school should have understood what Gbaja said.Unfortunately,you didn't. 1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by kennyz247(m): 2:52pm On Jan 31, 2023 |
Buksaylor:if u as a person can't accept it as legal tender,who den will take it to the bank ?abi na ghost go take it to the bank? 1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by JohnnA1: 2:53pm On Jan 31, 2023 |
Jack500:Exactly. |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by pavoda: 2:53pm On Jan 31, 2023 |
This unquestionably undermines the intent of this policy. While it might aid in recovering funds outside the banking system, the current lack of clarity on when banks will stop accepting the old notes is a significant issue. The entire procedure is ambiguous and enshrouded in confusion, reflecting a consistent pattern under the leadership of Godwin Emefiele as the CBN governor. 1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by kennyz247(m): 2:55pm On Jan 31, 2023 |
silibaba:what u just said,does it make any sense? |
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