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Nairaland Forum / Nairaland / General / Politics / Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele (12432 Views)
New Naira: CBN Insists On Jan 31, Buhari Snubs Governors, Monarchs / Cash Limits Not Anti-people, CBN Insists, Reps Knock Emefiele / Protest Against Electricity, Fuel Price Increment, Anti-People Policy In Lagos (2) (3) (4)
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by snoopz: 9:37am On Dec 23, 2022 |
You were able to influence the max amount per week but that naira redesigning and old 200 500 and 1k becoming obsolete don happen, all the money una no fit keep for bank is to return to bank before Jan or e no go get value |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by IamANigerianMan: 10:01am On Dec 23, 2022 |
kennyz247:This policy real affect criminal 2 Likes |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by obi58: 10:04am On Dec 23, 2022 |
Originalsly: Not the same amount of new notes will be reintroduced into cash supply as withdrawn via the old notes. If 1b is withdrawn via old notes and 200m is introduced via new notes, you will expect inflation to reduce as this contractionary monetary policy will help reduce total aggregate spending. I hope this is clearer. 1 Like |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by Bebigiby: 10:38am On Dec 23, 2022 |
This CBN policy is a clear violation of your right to earn and spend your money. No one should dictate to you how you should spend your money and the amount to spend since it is your money. I've read reactions of Nigerians who are supporting the cash withdrawal policy as a good policy and I wonder on what premise is it good to violate people's right to access and spend cash? Many people are saying that this new policy will combat vote buying in the next election and insecurity. The last time I checked it is not CBN's job to combat vote buying or insecurity. One will ask what is the job of INEC, EFCC, ICPC, Police and our other security outfits? (The CBN is not INEC neither is it a department of the Nigerian police force) How can CBN under the leadership of Emefiele implement such an intrusive policy without consulting with Nigerians and without the input of the national assembly? Nigerians should reject this evil policy and urge the national assembly to reverse it. This policy will only benefit the banks (Charge more transaction fees and implement predatory policies), the ruling party (APC) and Emefiele the CBN governor (It was revealed in 2021 that Emefiele registered as an APC member). The CBN cashless policy is bad for Nigeria and will hurt the economy. If you want to know more see why CBN Cashless Policy Is Bad For Nigeria here - https://www.nairaland.com/7474034/why-cbn-cashless-policy-bad 1 Like 2 Shares |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by effort1: 10:39am On Dec 23, 2022 |
NLPoliceWoman: You never want the progress of this country. You are always found on the side of the oppressor. You are always attempting to cushion bad leadership. You don't care if Nigeria sinks to everlasting perdition, provided your tribal bigotry and other sinister desires are satisfied. So, , you are a traitor and a national enemy |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by Ken4Christ: 10:53am On Dec 23, 2022 |
ShoeWorld2: Some of the bank workers are the criminals themselves. I think CBN should make new policy that will empower customers to sue banks if monies that disappear from account cannot be traced. 2 Likes |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by victooman: 10:57am On Dec 23, 2022 |
dyera:u no get sense o,, what is the daily limit withdrawal for a pos machine if this policy is applied? |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by FriendsAndFans(m): 11:13am On Dec 23, 2022 |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by justmondris: 11:19am On Dec 23, 2022 |
The stupid corrupt politicians are using the citizens as an excuse to fight against this good policies that will prevent them from stealing and sharing money in Ghana must go bags. Look at those thieves that don’t even care about the masses are saying nonsense. 2 Likes |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by justmondris: 11:20am On Dec 23, 2022 |
IamANigerianMan: It’s a policy that is targeted against the criminals in our society. They are all having sleepless nights. 2 Likes |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by Omotumise: 11:21am On Dec 23, 2022 |
Time will tell. |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by gfelo(m): 11:22am On Dec 23, 2022 |
you are right most online fraud were assisted by our commercial bank, the banks are never ready. ShoeWorld2: |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by justmondris: 11:35am On Dec 23, 2022 |
Flango:Exactly. The way they are all fighting the CBN governor on this issue is a great sign that they are fighting for their own selfish interest. 2 Likes |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by maasoap(m): 11:41am On Dec 23, 2022 |
FOOTSOLDIER1: Should we now go and queue under the sun to vote for LP, a party that's just emerging as third force but has basically riddled with corruptions from every corner? From the campaign DG to party chairmen to coordinators of the self serving groups. 1 Like |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by whitemand4(m): 11:43am On Dec 23, 2022 |
1x2x3: Only police brutality? What about DStv pay as you go 1 Like |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by FOOTSOLDIER1: 11:44am On Dec 23, 2022 |
maasoap: Oya go ahead and mastubate on it. Don't do the needful. |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by maasoap(m): 11:49am On Dec 23, 2022 |
FOOTSOLDIER1:My needful is to vote for Jagaban, the man who is ready to serve. Not the unserious elements. |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by 1x2x3: 12:07pm On Dec 23, 2022 |
whitemand4: Bank extortions. There are loads of things to benefit ordinary Nigeria which they don't fight for like they do for this CBN policy. 2 Likes |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by Doyou2019: 12:13pm On Dec 23, 2022 |
FOOTSOLDIER1: NA FIVE TAASAN CAUSE AM |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by prophetfire: 12:52pm On Dec 23, 2022 |
Obaofaba:no matter how you cry or bark, the policy will stay and your thief thief candidate won't buy votes or bribe electoral officers. 1 Like |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by austinvsb: 12:59pm On Dec 23, 2022 |
CalabarPikin: You clowns just keep regurgitating online memes without thoughts. Recent CBN moves are authoritarian and risks destroying livelihood for a lot of families around the country.! How can anyone rationalize 3-months notice to fade out old notes and adopt new ones in Nigeria! Not even UK or US could implement cash replacement that fast! Emefiele is a clueless dumbdumb! |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by dochenaj: 6:06pm On Dec 23, 2022 |
ShoeWorld2:Petition CBN and copy your bank, and they will be forced to do something. |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by Nobleou(m): 8:04pm On Dec 23, 2022 |
As far as I'm concerned this is the best policy for Nigeria. MOD: Those antagonizing this policy are thieves and corrupt |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by mankan2k7(m): 8:47pm On Dec 23, 2022 |
This is the best thing that has come out of this regime. Emefiele should sustain it. When bag of rice was #50,000, d reps are not concern, when a litre of petrol was 700 naira, they were not bothered but now that they will not see money to buy d electorates and improvish more Nigerians, they are crying like an idiot. Nigeria will be great. 1 Like |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by ShoeWorld2(m): 12:11am On Dec 24, 2022 |
OlujobaSamuel:My experience and frustration with Nigeria banking system is much but I have not seen this type of case before. Requesting for court order for a transaction that failed because of their ineptitude I even remember paying someone with bank transfer but it failed and I was debited. If not that I have another account with another bank, I would have been dealt with for that 1 Like |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by OlujobaSamuel: 8:32am On Dec 24, 2022 |
ShoeWorld2:It didn't not fail. The network went off, not that it failed. So it showed pending, then the salesgirl retried, the 2nd was successful and while she called to inform me of what happened, I opened the app and discovered that the initial pending transaction was also successful. 1 Like |
Re: Cash Limits Not Anti-People, CBN Insists, Reps Knock Emefiele by Ventura1: 8:46am On Dec 24, 2022 |
The truth is that for any initiative, there will be challenges. What matters is that the benefits must outweigh the risks. 1 Like |
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