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Nairaland Forum / Nairaland / General / Politics / CBN Extension: Politicians Will Still Not Be Able To Buy Votes (963 Views)
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CBN Extension: Politicians Will Still Not Be Able To Buy Votes by RenaissanceGuy: 1:19pm On Jan 29, 2023 |
For those who are saying that the new CBN extension would afford politicians enough time to change their stashed old notes to the new notes, let me tell you that you are making a mistake. Suppose a politician has ₦1BN old notes he intended to use to buy votes. If he takes them to the bank to exchange for the new notes, he would be told there's not enough cash, and that could only credit it to his account while he can withdraw less than ₦1m in cash or come back or go to the ATM point to withdraw ₦20,000 everyday . That's why CBN intentionally printed limited notes and no bank would be that foolish to give all their stock of the notes to any big man or politician. That's the whole essence of cashless policy in the first place. So you can see that it's still completely impossible for vote buying by cash to take place. 9 Likes 1 Share |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by RenaissanceGuy: 1:21pm On Jan 29, 2023 |
The extension doesn't in any way favour politicians. It's the ordinary Nigerians who are not hoarding cash it will bring reprieve to. Imagine that all the money politicians have stashed to buy votes amounts to ₦800B, CBN didn't even print up to that, so where would they get it from?? 3 Likes 1 Share |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by Onyiridike(f): 1:21pm On Jan 29, 2023 |
RenaissanceGuy:Don't waste your time explaining anything to urchins. They are not wise. 7 Likes 1 Share |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by RenaissanceGuy: 1:27pm On Jan 29, 2023 |
Onyiridike:Please can we not call people disparaging names? |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by obyrich(m): 1:31pm On Jan 29, 2023 |
I concur. |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by Linda1999: 1:34pm On Jan 29, 2023 |
With the extension, they will |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by RenaissanceGuy: 1:36pm On Jan 29, 2023 |
Linda1999:Even if you can't read the whole text, can you please read the bolded and put away ignorance for a second. 5 Likes 1 Share |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by Iamgrey5(m): 1:37pm On Jan 29, 2023 |
They are selling 100k new notes for 2k yesterday in Sabo in Ibadan. What makes you think politicians won't have had access to it already. You people need to grow up. |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by Dest8sman: 1:39pm On Jan 29, 2023 |
If you must pull a snake out of a hole, use another man's fingers. Buhari is adapt in applying this political adage. 1 Like |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by Urchinpainer: 1:40pm On Jan 29, 2023 |
RenaissanceGuy: Even if the deadline is 20th February, no politician will be able to change his cash because it's impossible. Emefiele is just using their head. After all, he will say he has heard people's cry and extended the deadline. 1 Like |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by RenaissanceGuy: 1:42pm On Jan 29, 2023 |
Iamgrey5:OK, can ₦100K help a politician buy votes?? That would only be able to buy 20 votes. We're talking about ₦1B and above here, and no bank would dare risk the wrath of the CBN by "selling" all of their cash to a single politician, because the CBN knows how much it gives to every bank and limit of cash withdrawal to every single person. 2 Likes 1 Share |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by IamANigerianMan: 2:03pm On Jan 29, 2023 |
RenaissanceGuy:Make they transfer |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by Onyiridike(f): 2:09pm On Jan 29, 2023 |
Iamgrey5:Access to how much of it? Election is happening simultaneously in 774 LGA and you are talking of buying votes with how much? 1 Like |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by Onyiridike(f): 2:10pm On Jan 29, 2023 |
RenaissanceGuy:When I told you that they are not wise, you think I am insultive. |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by Naira20: 2:23pm On Jan 29, 2023 |
Comrade, it's not about urchins but trust. Do you know that during this so-called scarcity, that some useless bankers have released a huge part of the limited cash to these politicians? Extending the period would afford them the opportunity to get more. Onyiridike: |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by Onyiridike(f): 2:26pm On Jan 29, 2023 |
Naira20:You are right but how much are we talking about? You need ar least 1billion naira of new notes to stand a chance. For me, if you give me money, I will collect and still vote the candidate of my choice. You will not be there to when voters are casting their votes. Tinubu will end up wasting his money. APC delegates collected his dollars and voted for him during the primary because the North has already agreed to support Atiku of PDP. 1 Like 1 Share |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by BSdetective: 2:27pm On Jan 29, 2023 |
Folks really think that this will hinder vote buying 😂😂 |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by Onyiridike(f): 2:32pm On Jan 29, 2023 |
BSdetective:Do you mind explaining how politicians will get enough cash to buy votes? Why is Tinubu crying? Do you know what he does not know? 2 Likes |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by PrimeWatermark: 2:33pm On Jan 29, 2023 |
Would any politician go to the bank to deposit money personally into his own account? Is that even possible? Those stashed cash you're talking about would be deposited into different accounts or better still be deposited by different people into a single account. And forget it, those thieves (politicians) have a way of accessing raw cash, anyday, anytime. It's just that in Nigeria, it's unfortunate that everyone has a price, even the so-called Emefiele. Shame!! |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by Naira20: 2:35pm On Jan 29, 2023 |
Because you are enlightened. Thankfully most OBIdients are. But can you imagine someone selling his PVC for 2k? My annoyance is the ineffectiveness and poor implementation. Onyiridike: |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by BSdetective: 2:38pm On Jan 29, 2023 |
Onyiridike: The currency change will affect everybody plus Tinubu but it would not curb vote buying, especially now that the date has even been extended. |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by Onyiridike(f): 2:42pm On Jan 29, 2023 |
BSdetective:Bros, election is on 25th. The extension didn't change anything. 1 Like |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by BSdetective: 2:43pm On Jan 29, 2023 |
Onyiridike: Lol, okay |
Re: CBN Extension: Politicians Will Still Not Be Able To Buy Votes by fx45(m): 3:09pm On Jan 29, 2023 |
RenaissanceGuy:But Tinumbu's supporters are urchins. It's not name-calling |
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