SLAP44:
Since up to 7 different polls support Peter Obi victory, other parties have stared to bribe new pools to push them like faulty cars.

Peter Obi is our next president of Nigeria, the change we seek is here in ObiDatti.

am concern about the after election, those people from sun rise won't rename Nigeria Zoo again.

An inside information nearer to CBN revealed that Obi is urging Emefiele not to destroy the withdrew Bank notes, because Igbo had the most sum of the Notes, also Obi is promising the Igbo who still hold the old notes not to panic, he was quoted had said he will revise the policy if he was elected as the President of Nigeria coming Saturday, the info revealed.

sarrki:
Backup team members for Peter obi labor party in the 36 states of the federation are all south east origin and all Christians .

Labor party should know by now that Nigeria did not start and end with only one tribe

We all Nigerians let the equity being preached reflects in every of their activities

op why you want to kill Obis before their D day?

HIGHESTPOPORI:
Obi does not need to win SW, he already has SE, SS and NC.Yoruba Christains would give him 25% in all SW states

hoo! Calculator.sorry.

Ofunaofu:
Meeting with APC members, which one is Arewa traders

Tinubu is busy creating phoney association and members

Fake bishops and pastors

Meeting with agitators

Meeting with agbado sellers

Meeting with Arewa suya sellers

Members of sugar cane sellers

Arewa Okada riders

Members of Iron condemned pickers

are they not the masses that have the mandate?

JOemmy:
This buhari's cashless policy is a masterstroke to a lot of issues in this country we hardly hear or read about kidnapping anymore.

kidnapping?
For what?
Many Nigerian were currency scent lover, they can't live without it.

Shokoloko:

Dear Oladebo, the English ........ I was going to quickly read through a few topics in Nairaland, but having reached your grammatically stressful write-up, I will have to go to church and return later to read this. Na wa

grammatically!
We are talking of economic hardships he is talking of grammar.
Go to church when you return, return to what you would do with your old note.

Today Naira is scarce, can any one tell me why Naira is still iess value in the currency exchange market?

Nigerian were ignorance of their resources, believed that it was inflation that eat up the denominations in circulation is deceive and lie.
There is no where in the world were 5Naira worth anything. Change 5 Naira in to $ and see if it can buy anything in American market.
CBN have been violated rule and regulations long time in Nigeria, how can 12 denominations reduced to only seven at the watch of CBN....eg where are 1, 5, 10, 25, 50kobo
Where are #1and #2
And what is the implication of these in our economy and welfare of the people.
Without #1 and #2 how can we transact fairly and without cheating.
Do you want to tell me that there is no commodity worth 1,2,3,4 naira also
6,7,8,9 etc
The purchasing power of Naria is higher than any currency in the world, only the ignorance killing Nigerian.
CBN must reintroduced the denominations withdrew from circulation.

iwaeda:
Following the directive of President Muhammadu Buhari that Nigerians should take old N500 and N1000 notes to the Central Bank of Nigeria (CBN), many thronged offices of the apex bank across the nation on Friday.

As early as 1am, people had lined up in front of the CBN office in Marina, Lagos, where there was an uncontrollable crowd.


Someone who got there at 6am said he was given tag number 406, meaning over 400 persons were in the queue earlier.

A Kaduna resident, Badamasi Aliyu, told Daily Trust that he was forced to relocate to a hotel close to the CBN office the night before so he could get there early enough.


Confusion over CBN directive on N500, N1000 deposit

Crowd ‘takes over’ CBN Office in Lagos

However, Aliyu, who got to the CBN office at 3am, said he was given number 134 tag.


When the exercise got seemingly out of hand and the bank officials found it difficult to control the crowd that kept increasing with time, people were asked to return to their respective Deposit Money Banks (DMBs) to store old notes.


The CBN subsequently issued a directive to commercial banks to start collecting old N500 and N1000 notes.

In a memo sighted by Daily Trust, the apex bank directed Branch/Operational Managers of banks to commence collection of old naira notes.

“I am directed to convey Management of Central Bank of Nigeria directive that, all Deposit Money Banks to commence collection of old naira notes of N1000 and N500 from their customers with immediate effect.

“Please note that customers with amount of up to N500,000.00 and below can deposit into their bank account with their commercial bank. Any customer with amount more than N500,000.00 should be directed to CBN for deposit.

“Kindly comply accordingly. Thank you.”

To verify the authenticity of the memo, journalists had reached out to Osita Nwasinobi, Director, Corporate Communications Department, CBN, who confirmed that the directive was clear.


Moments after Nwasinobi confirmed the development, the report went viral on social media. Some Nigerians heaved a sigh of relief, saying they would move to their banks the next day.

Meanwhile, commercial banks had issued public noticed to customers to bring old notes, with effect from Saturday.

“Dear Valued Customer,

This is to inform you that our branches shall receive old N500 and N1000 notes of up to a maximum of N500,000 (Five Hundred Thousand Naira) after registration on the CBN portal. Please note that deposits of more than N500,000 (Five Hundred Thousand Naira) should be taken to the nearest CBN location.

“In addition, our branches will be open tomorrow, Saturday 18 February 2023 to receive old notes,” a notice issued by one bank read.

However, in less than an hour, Nwasinobi issued a statement claiming that the CBN did not authorise banks to accept old notes.

He not only reversed himself but accused the media of spreading falsehood.

“The attention of the Central Bank of Nigeria has been drawn to some fake and unauthorized messages quoting the CBN as having authorized the Deposit Money Banks to collect the old N500 and N1,000 Banknotes.

“For the avoidance of doubt, and in line with Mr. President’s broadcast of February 16, 2023, the CBN has been directed to ONLY reissue and recirculate the old N200 banknotes and this is expected to circulate as legal tender for 60 days up to April 10, 2023. Members of the public should therefore disregard any message and/or information not formally released by the Central Bank of Nigeria on this subject,” his statement read.

While the media was taking the heat as a result of wrong labelling by the CBN spokesman, commercial banks who had posted the notice on social media started pulling them down, triggering confusion.

A bank official, who spoke on condition of anonymity, said: “I don’t understand their denials. The communication is genuine. Banks received the same directive from CBN. We are even directed to work Saturday and Sunday except on election weekend.”

A customer who had earlier filled the portal ahead of depositing old naira notes showed a message he received from CBN, directing him to go to Stanbic IBTC bank to deposit the money which was less than the amount being collected at CBN branches.

Total Deposit B

#500,000.00

“The total amount you have specified is less than or equal to #500,000. Kindly note that you are required to take the notes to your specified deposit money bank (STANBIC IBTC BANK PLC),” read the message from CBN.

Efforts made to reach Nwasinobi for further comments did not yield result at the time of filing this report as his line was switched off.

https://dailytrust.com/exposed-how-cbn-reversed-itself-on-old-notes-but-accused-media-of-fake-news/

His line was switched off or cut off you mean.

matex97:



https://www.channelstv.com/2023/02/17/kano-state-governor-vows-to-destroy-banks-refusing-old-naira-notes/

Heei!
This is what Hausa called "Burooba"

Curious345:
The Igbos and Fulani and Hausa are not protesting the CBN redesign policy ..

Only Yoruba hoodlums and Kabaka boys are protesting ..

Do they know something we don't know

...can't you just stop Force East/North Amalgamation that had already failed century ago?

Atiku had made his policy known, Obi had also adopted the same policy.
But Tinubu had kicked against this Naira redesigned policy, and the opinion of the Masses is the same as that of Tinubu.
If at alll you expected any miracle in the incoming regime, there is no doubt, it will be from Tinubu's.

franchasng:
If you are an ordinary Nigerian who isn't occupying a political post and working for Bola Tinubu, don't let them deceive you into joining in their selfish corrupt fight not to redesign Naira till after the general elections.



From an insider intel at the Aso Rock, Buhari and his kitchen cabinets aka cabals got intel of how Bola Tinubu have been moving billions of Naira to Northern state Governors and some others in the South to help him rig and win the 2023 Presidential election just as he used Lagos ill gotten money to buy APC's Presidential ticket to the disgust of Buhari and the Aso Rock cabals.



When Buhari got this intels, he stayed calm and summoned Godwin Emefiele to a secret meeting where he asked Emefiele how Tinubu and other corrupt politicians' plans to use money to buy peoples mandate during 2023 general elections, it was then that Emefiele recommended changing the higher Naira denominations through redesigning of Naira so that the billions Tinubu moved to different politicians would become useless in their hands.


Right there Buhari approved it and told Emefiele to go into action without delay and that was how the whole policy came to being.



To ensure this policy is not sabotaged, the source said Buhari had to appoint his in-law as the Chairman of Minting.



The source said all the Governors that sued FG and CBN against this Naira redesign are the biggest beneficiaries of Tinubu's Naira rain largesse and they are under pressure to deliver Tinubu and the billions in their hands is stuck in the old 1000 and 500 notes, which is why they sued CBN to extend the deadline so they can exhaust the huge funds in delivering Tinubu.



The source said their next move now is to start sponsoring protests against Buhari's insistence that 1000 and 500 notes are no longer valid legal tenders in Nigeria.

...it's a try but not smart enough to sway the opinion of national and international diplomacy.
In 1994 the same Buhari did the same to cut the corrupt politicians and retrieved the embezzled fund but how much did he got?

yemmit90:


I said this in one of my posts in another thread. Obi is not a smart politician at all. A smart person would've easily used opportunity of poorly implementation of new Naira redesigned policy to his advantage, especially when election is few days to go. You dont support your rival policies (good or bad),hoping they are fighting one another. Who does that. How on earth someone with his kind experience be thinking a whole Tinubu, who has thousands of key stake holders across all sectors in the country won't get enough cash to buy votes? What gave him hope that Tinubu cannot win without vote buying? What made him think there won't be anyone voting Tinubu without demanding kobo. What if it is political strategy by his opposition. These are the questions his advisers or himself should have asked before indirectly supported the policy. Atiku only did the same because, he is part of the team that want to use economic hardship at die miniute to demarket APC.

He was the one that should've done what Tinubu did, imagine the praise, admiration and glory he would be receiving from people by now. Infact, he would've finally won the hearts of entire masses in the South and North Central he needed the most.

.....good remarks, I've warn Obi and Atiku not to fall into this trap but maybe God want to safe Nigerian. If they kick against the policy they would had had free ride on this election but Tinubu outsmart them The issue had turned international interest and Tinubu had gained the option of national and international.
Kudo to Tinubu.

Nemere2020:


https://twitter.com/ruffydfire/status/1626102372861706241?t=grDk9nqvHkCmhE9XYOrtaw&s=19

...buhari miss it all, one he flouted the ruling of the supreme court , second 200 naira is largely enough to buy voter in a hunger nation.

Ejikeecaso:

Which fire pls?

....if the federal government refused to back down then Buhari and others emefiele included will end up in PR. after PR.

Philanderboy:
People are coming out to protest on Takie square Ogbomoso, Oyo state.
Burning of tyres, restriction of roads and all other things are going on.

...these obifiele and atikuele will totally destroyed Nigeria if care is not taken... am afraid.

Haa the federal government is playing with fire.

Buhari had finished with emefiele, the man will certainty end up in prison.

englishmart:
I had #2000 old notes that I desperately needed to spend. Firstly, I went to a nearby shop and ordered noodles, eggs, etc. Everything was worth #1300. I gave the seller the old notes and he angrily rejected them. His physiognomy exuded the suggestion that I was trying to be clever or something, like didn't I know those notes have ceased to be legal?

I took back the 2k and left. I tried buying a recharge card but was turned down as well.
I touched every shop and roadside vendor and was turned down.
Then I thought "Try iya alagbo"
What a thought! I felt the thought as a eureka. That was phenomenal, I thought.

I walked straight to the junction, ask iya
"Una dey collect old notes?
"why not"? They replied.
"okay, give me la coco"
"How many? "
"Na how much sef"?
"3-350" (#350 each)
"Okay, give me one"
I paid and left.
Officially, they're legends. More legendary than your commercial banks, supermarkets, hospitals, etc.

Iya alagbo(s) are legends. They're in the same legendary status as
Lionel Messi
Ronaldo(the main Ronaldo-De lima)
Pele
Maradona
Tiger woods
Beyonce
Zidane
Cr7
God bless them.

....God bless them. I didn't know if we Nigerian were dull or stupid. Reason, before emegiele killing, Nigerian rejected seven denominations out of twelve in circulation, and were rejecting the remaining five five if its a bit old.now here we are. Emefiele retained the rest higher value.

zedegit:
POS operators are currently charging 30% on withdrawal at my location.

This is what Emefiele caused. I wonder how beggars and less privileged are surviving.

they were surviving with sorrow, but what I know is that emefiele will last longer in prison, am sure of that.

Atiku and obi had lost already they were children in politics they act as such and Tinubu shown them the play.
Because politics is a game.

FreedomfromtheT:
So why are some people blaming Godwin Emefiele instead of president Buhari who gives him instructions?

but why not, in a sane country, with conscience people, emefiele would have resigned.
Who is to blame?
And who headed the bank that redesigned Naira?

Nigerian is made up of confusing people, believe me or not there is nowhere in the world where legal tender turn legal battle.

press9jatv:
Please kindly inform the general public who are willing to deposit their old Naira note to follow the below criteria:
1-Go to CBN website and fill an online form to generate a code or Come along with the money to the nearest CBN Branch in ur state to obtain the form and fill
2- Come along with any means of identification Card,
3- A teller would be issued to you at the CBN
- The operation start from 9am to 2pm ,from Today 13th of Feb- to 17th
-The deadline is Friday 17-2023

Please come early so that they would attend you in time

Thank you 🙏

what will be your charges?

ryloy:
Gov. Abiodun to shut commercial banks rejecting old naira notes

Ogun State governor, Prince Dapo Abiodun, has warned that the State government would shut down any Commercial Banks operating in the state that refused to accept old naira notes.

The warning is sequel to complains received from the people by the state government that commercial banks and some filling stations are rejecting the old naira notes as legal tender.


https://twitter.com/sfojoemmanuela/status/1625563780305326087

...the two governors acting opposingly which one to obey?

rickpat:
Nigerians are happy,they say it will eliminate vote buying...so a Nation POLITICANS destroyed,it's the masses that will.pay the price..

THIS SCARCITY WILL EVEN ENCOURAGE VOTE BUYING ON THE LONG RUN...CUS WHO SEE EVEN 500NAIRA NOW GO DEY JUMP

...500 Naira!
200 Naira is enough to buy 10 more people in my area.

The sufferance of Nigerian will still continue at least for unknown time, and None known if 2023 election would be hold as scheduled..
Because emefiele had quoted of saying there is no going back on the issue, even today.

Dedeity:
Wahala no too much for this country

#scarcecash effect is just started although I've warned Nigerian before now.

ExAngel007:



https://dailypost.ng/2023/02/14/cash-crunch-protesters-shut-down-lagos-abeokuta-expressway/

#scarcecash has taken Nigerian too far beyond rescue.

limeta:



Which party is Tinubu a party chief .
Ruling party or the opposition party
Tinubu is part and parcel of failed APC policies .

.....yah, but have the courage of challenging the policy of his own government is not the act of bravery?