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Nairaland Forum / Nairaland / General / Business / CBN To Launch New Naira Designs December; Suspends Deposit Charges (1098 Views)
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CBN To Launch New Naira Designs December; Suspends Deposit Charges by OloshoSiofra: 12:13am On Oct 27, 2022 |
CBN to launch new naira note designs December; suspends deposit charges https://www.premiumtimesng.com/business/business-news/561816-cbn-to-launch-new-naira-designs-december-suspends-deposit-charges.html Seun, Nlfpmod, lalasticlala, Mynd44, justwise 1 Like
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Re: CBN To Launch New Naira Designs December; Suspends Deposit Charges by Dundalk(m): 12:19am On Oct 27, 2022 |
really |
Re: CBN To Launch New Naira Designs December; Suspends Deposit Charges by OloshoSiofra: 12:27am On Oct 27, 2022 |
Dundalk:Yup.. it was on 9 O'clock news too |
Re: CBN To Launch New Naira Designs December; Suspends Deposit Charges by NotBeenPaid: 1:37am On Oct 27, 2022 |
Putting the horse before the cart. |
Re: CBN To Launch New Naira Designs December; Suspends Deposit Charges by FreeStuffsNG: 1:58am On Oct 27, 2022 |
Before politics confuses the merits of the policy Let everyone, especially the indomie generation who have not witnessed this kind of policy know that this is not a new policy and definitely not unexpected by those who had witnessed such in the past. In my opinion, the real reason is to catch those with illicit funds outside the financial system although the report that over 80% of physical cash in circulation is outside the bank vaults necessitating need to mop it up to control oversupply and inflation. I know politicians are the easy pick to blame because it is campaign season that they share stolen money but so far, it has proven that corrupt civil/ public servant is the worst culprit. In fact, the level of corruption linked to corrupt civil servant in FG, State and LGA civil service is mindboggling. The good news is that so much is going on in Nigeria and so fast paced that many folks will be shut out and cry for their ignorance, folly , negatiivity and pessimism on national affairs. Banks will also make some money. I just learnt one lesson recently; a document that one could easily get before now requires NIN and clearance from a database linked to another national database. From drug money to terrorism financing funds to oil bunkering/theft money to ransom money to forex manipulators to corrupt politicians/civil servants to undocumented repatriated funds/undisclosed financial assets to internet fraudsters etc. this policy will force them to bring out the money into the system to be trailed by tracking. This is the last leg to lure holders of illicit funds into the mainstream finance system to get caught or they lose all their illicit wealth. The timing is also good. I support Mr Emefiele on this. Those who have nothing to fear should calm down. God bless Nigeria for ever! check my signature for free stuffs! 1 Like |
Re: CBN To Launch New Naira Designs December; Suspends Deposit Charges by HenryWilliams(m): 2:10am On Oct 27, 2022 |
FreeStuffsNG: You talk as if you were born yesterday.. this is Nigeria |
Re: CBN To Launch New Naira Designs December; Suspends Deposit Charges by Tianamen1: 2:13am On Oct 27, 2022 |
FreeStuffsNG: What if they convert their naira to dollars then after the new naira is fully in circulation, they convert it back to the new naira? |
Re: CBN To Launch New Naira Designs December; Suspends Deposit Charges by FreeStuffsNG: 2:22am On Oct 27, 2022 |
HenryWilliams: Please go and commit financial crime first then come back and tell us here how sweet and pleasant it was. You see that nonsense "this is Nigeria" remark, guys like you have used it to ruin a lot of people's lives and careers. You urge them on and when they get caught, folks like you are the first to abandon them to their fate. Next time you want to destroy someone with it, make sure you join the person to break that law o so both of you can swim in the aftermath together. Just today, names of forex defaulters came out in an era of bvn and nin yet some naive folks will not understand the implication. smh. Tianamen1:Go and convert your illicit naira to dollars then convert to new naira and let us see first. |
Re: CBN To Launch New Naira Designs December; Suspends Deposit Charges by Tianamen1: 2:29am On Oct 27, 2022 |
FreeStuffsNG: I am not against the policy. I am not even in Nigeria and do not have any illicit Naira. I am just wondering how the system will stop this. Will the government force bureau du change operators to give out the information of people they sell dollars too? I am only curious |
Re: CBN To Launch New Naira Designs December; Suspends Deposit Charges by FreeStuffsNG: 2:42am On Oct 27, 2022 |
Tianamen1: If you are not in Nigeria then read up on the state of bdc operation at the moment. For months, cbn has officially stopped giving them forex and if they move illicit funds through the bank to lodge in the naira, their bankers will be culpable as well if not flagged. The incentive to collect naira by the bdc guy will diminish except the naira provider is willing to forgo significant portion. A lot of bdc guys are in serious troubles since the advent of bvn, gsi and their involvement in terrorism financing has killed the privileges they used to enjoy. The BDC option is not safe as well for huge funds except the guy wants to collect the naira and keep at home and away from nfiu, firs, efcc, cbn etc. Huge Funds going into banks now can be trailed as the bdc must provide the source.If the banker waves it, he or she is playing with serious fire. 2 Likes 1 Share |
Re: CBN To Launch New Naira Designs December; Suspends Deposit Charges by Adeoye11(m): 3:26am On Oct 27, 2022 |
In as much as I like this news, some things are still not convincing enough. Part of it are that: Did the cbn put in place how the local banks can be sincere with the apex bank and to Nigerians when dealing with people whose bout million of Nigeria cash are with them, like the guy mentioning Nigeria factor had said? Cos I know how some banks itself can perpetrate and support laundering especially when it has to do with lots of funds. 2. What if my money is already floated across several banks, do I still need to worry of moving the money to banks, instead I go just wait and start withdrawing to the new designs. Somebody once told me that if you have huge funds in your bank ,then Yu b boss for the bank cos you wants to withdraw it bankers go just dey beg you all around. |
Re: CBN To Launch New Naira Designs December; Suspends Deposit Charges by Soulsymbol99: 8:25am On Oct 27, 2022 |
Is that our major problem as a country now? |
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