As the January 31 deadline to phase out old naira notes inches closer, the new banknotes’ shortage across the country takes its toll on Nigerians.

The heat continues to mount as the Speaker of the House of Representatives, Femi Gbajabiamila threatens to issue an arrest warrant on CBN Governor, Godwin Emefiele over his refusal to honour the House Committee’s invitation.

Commercial banks on Thursday were forced to shut down their ATMs over a shortage of the new banknotes in major cities, Warri, Lagos, Abuja, and Benin, DAILY POST learnt.

Deposit Money Banks have been battling a shortage of old banknotes amid a directive by the CBN that lenders should load only their ATMs with the new notes.

It is the same situation in Ogun, Lagos, Warri, Port-Harcourt, and Benin as Nigerians scramble with the pains of getting the new naira notes.

Israel Kona, a resident of Lekki, said he could not get the new note when he visited the bank on Thursday.

“Most Banks’ ATMs have been shut down due to the high demand for cash, so I had to make an over-the-counter withdrawal to get cash, but it was the old naira notes,” he said.

Simon Oluwa, a trader in Warri, said he could not buy anything at the market on Udu road because he did not have the new notes.

He also lamented that Point of Sale, POS, agents have suddenly stopped collecting the old currencies over the difficulty of getting the new naira notes.

“It is tiring, the situation Nigerians face daily; some businesses at Udu road have started rejecting the old notes, even POS operators”, he said.

Mr Olawale Ayodele, a resident of Ogun State, expressed frustration after he went to major ATMs in Ota but could not find cash.

“I went round Ota till yesterday night (Thursday) looking for cash at the ATMs around this area but could not get. Honestly, the stress is not worth it. I cannot withdraw my own money again?” He lamented.

Emeka Michael, a lawyer in Abuja, disclosed that ATMs he visited in CBD, Garki, are not dispensing cash.

“The situation is terrible, to say the least; I had to go several places within the CBD but could not see any ATM dispensing cash. Honestly, ‘wahala’ plenty for this country”, he said.

https://www.google.com/amp/s/dailypost.ng/2023/01/27/confusion-as-new-naira-note-shortage-takes-toll-on-nigerians/%3famp=1

The CBN do not have a choice but to extend the deadline.

I know this thing will affect the poor masses more than anybody else.

It has to be extended.

I've already announced to my members that I would call down fire on anyone who brings his tithes and offerings in old naira notes.

We're going cashless for now, POS and transfer are acceptable don't tempt God. By Sunday, I'll be at the gate of my church with my Bell, operation show your offering and tithes before you enter the church.

This I have seen.

Pos charges 500 to withdraw 10k
We’re just deceiving ourselves that we have say in government matters, this politicians knows peoples opinion doesn’t matter


You’re fighting among yourselves and mass is suffering it, I blame people who supports evil even when it’s glaring at them

Failed contraption of a country

Before i see 10K collect today for POS, most of them said no cash.

This matter just tire me, you get the new naira notes to spend and before you know it, you are back with having old notes again.

A country filled with saboteurs and hateful population

We'll be fine. We need to elect good leaders first.

They will definitely extend the deadline. The money is not in full circulation yet. Some banks are not even putting money in their ATM again and those who have the new notes have regulated withdrawals on their ATMs to max 5k to 30k max.

CBN says they have given banks enough money, banks are saying they don't have enough. We don't even know who to believe. This country self ehn

there is a huge payment crisis all over the country. And it won't go in a month.

Bulaba and his cohorts have been causing unrest in this country over the past few weeks. It is evident in today's osun judgement. May urchins and àgbàdo find no peace.

Lol

This is to confuse the masses, cus this policy no go affect the bullion van master.

Urchins tink careful, ur brain no be for fancy.

when dummies run a country no feasibility study is done before making policies

Everything in this country is just difficult.

[color=#550000][/color]

Hmmmm... Kasala dey come, kasala wan burst

Hasty decision made without deep thinking. This is the outcome

.

Testing the mic for a cashless system.

Parachoko:
The CBN do not have a choice but to extend the deadline.

That means they fall into the conspiracy...

THIS WICKED AND HEARTLESS GOVERNMENT KEEP DOING AND KEEP USING EVERYTHING TO FRUSTRATE IT CITIZENS,





I SPOKE WITH MY ROLE MODEL (PRINCESS),

AND SHE TOLD ME HOW SHE HAS CALLED SOME PEOPLE IN SOME VILLAGES, (BECAUSE OF HER NATIONWIDE EXPOSURE)

SHE SAID THAT MANY VILLAGES HAVE NOT EVEN SEEN THE NEW NAIRA NOTES,AND MANY OF THIS VILLAGES DON'T HAVE BANKS,THEY DO BUSINESS IN CASH,SO HOW WILL THEY COPE.

PLEASE WE PLEAD FOR EXTENSION.

As expected...

I don't know what our crime is that Emefiele is punishing us like this.

Is this naira redesign a punitive measure or what?

Very stupid decision from whoever made it.
The govt keep making policies they did to tackle corruption but the masses suffer more.

I was in first Bank this afternoon to withdraw and they still gave me old notes.


Yet, same first Bank is saying they will be available on weekends to collect old notes.

The question is, what will I use as legal tender if I deposit all the notes in my possession?

Foolish people

Emefiele Has to go down in history as one of the most inept public official in history...His administration stinks to high heaven of inefficiency and stupidity

This too,shall pass

Y

Nothing like extension. Do transfer If money no de your hand that's the point of the whole cashless policy

No going back.
We in CBN are not extending the date.
We don't even know why you oeooysre complaining.

No going back on 31th January deadline.


Abeg, as money scarse like this, no go use your hard-earned money marry woman wey another man don fvck. Unless say u wan train another man pikin. U go die leave your property for pickin wey no be your own?


Fvck any girl wey open legs but wen u readi to marry, find virgin woman. Better make u suffer b4 u find virgin dan make u com marry ashawo girl wey go suffer u for marriage.

MAKE U WISE UP