Some Nigerian banks are owned by politicians. In some, politicians are major share holders.
For this reason, politicians can not be denied cash. They are the first to be considered by banks in this situation.

Also, it is normal for banks to give priority to customers who are richer. This is why some big men don't go to bank when ever they need cash. Banks bring cash for them at home. Tinubu bullion van is a normal thing among Nigerians who are millionaires.

Since politicians have unfettered access to the scarced new naira notes, Nigerians will be willing to queue up for politicians during election just to have the new notes.

Abi

Consolation is allowed

People really need cash. Many have no bank account, they won't mind to have it even if it means sacrificing their votes

leave those applauding the nonsense...I pity nigerians, especially the ones that think they understand POLITICANS and their actions

Sincerely speaking

The moment they extended it, the whole effort became useless

It only added pain and misery to common Nigerians

Nigeria is now very hard like Biafra war

The only reason why what you stated above is not applicable is if the CBN is not watching them closely. These are critical times and all eyes are on banks. I just feel that the CBN doesn't have enough cash to share, not that some cabal is hoarding the money.

Besides, the president is directly involved in this and everyone is playing safe. Even if a politician owns a bank, there's a limit to the amount of cash he can take away. I have worked in a sector where the president has a direct eye on and I know how the most corrupt and highly placed Nigerians fear not to mess things up for themselves.

Apc and its government are expert in wickedness,they delight in seeing Nigerians suffer,

SmartPolician:
The only reason why what you stated above is not applicable is if the CBN is not watching them closely. These are critical times and all eyes are on banks. I just feel that the CBN doesn't have enough cash to share, not that some cabal is hoarding the money.

Besides, the president is directly involved in this and everyone is playing safe. Even if a politician owns a bank, there's a limit to the amount of cash he can take away.

I have worked in a sector where the president has a direct eye on and I know how the most corrupt and highly placed Nigerians fear not to mess things up for themselves.

Ali Ndume confirmed what I said.

He said if he needs cash, they bring it for him

SmartPolician:
The only reason why what you stated above is not applicable is if the CBN is not watching them closely. These are critical times and all eyes are on banks. I just feel that the CBN doesn't have enough cash to share, not that some cabal is hoarding the money.

Besides, the president is directly involved in this and everyone is playing safe. Even if a politician owns a bank, there's a limit to the amount of cash he can take away. I have worked in a sector where the president has a direct eye on and I know how the most corrupt and highly placed Nigerians fear not to mess things up for themselves.

Yinmu, just sit down there. I’m laughing at you, Buhari and Emefiele. You really don’t know what’s up with Nigerian politicians, including Buhari himself.

Seriously!

SmartPolician:
The only reason why what you stated above is not applicable is if the CBN is not watching them closely. These are critical times and all eyes are on banks. I just feel that the CBN doesn't have enough cash to share, not that some cabal is hoarding the money.

Besides, the president is directly involved in this and everyone is playing safe. Even if a politician owns a bank, there's a limit to the amount of cash he can take away. I have worked in a sector where the president has a direct eye on and I know how the most corrupt and highly placed Nigerians fear not to mess things up for themselves.

How is central bank suppose to watch them closely?

What are the facilities available to Central Bank to precide over such artificially created scarcity?

.

Biodun556:
.

BEFORE I START, LET ME INVITE D CHIEF WAILING WAiLERS

@Moh247 TinubuAdvocate Freestuffsng Leodeking PandoraObi lhordpsy Abdul05 Throwback Batified2023 Biodun556 Roboto11 Ireportlive
BACK TO D TOPIC, DIS IS WHAT POLITICAL SCIENTIST REFERS TO AS POLITICAl TARGET AND THEY ARE HITTiNG THEIR TArGET LIKE MESSI OF BARCELONA

Why's idiotic ancestor d only candidate shouting and crying all over d airspace?
Bastard didn't cry during d Lekki massacre?
He didn't cry when his kinsmen ran to Benin Republic bcs of headsmen? Una eyes never clear at all

emmanuelbrown26:
Why's idiotic ancestor d only candidate shouting and crying all over d airspace?
Bastard didn't cry during d Lekki massacre?
He didn't cry when his kinsmen ran to Benin Republic bcs of headsmen? Una eyes never clear at all

Nothing like massacre in lekki

Then why are you guys crying?

Go buy the votes nah

Biodun556:


Nothing like massacre in lekki

Lolsssssss, dey deceive ur self. Tinubu should fight like a man and stop crying like a widow

Biodun556:


Ali Ndume confirmed what I said.

He said if he needs cash, they bring it for him

Can that still happen now, especially now that CBN intentionally printed very limited notes and every bank branch manager has to account for every tranche of new notes received, especially between now and till the end of the elections?? No.

Let's see how some people will win this election

Biodun556:
Some Nigerian banks are owned by politicians. In some, politicians are major share holders.
For this reason, politicians can not be denied cash. They are the first to be considered by banks in this situation.

Also, it is normal for banks to give priority to customers who are richer. This is why some big men don't go to bank when ever they need cash. Banks bring cash for them at home. Tinubu bullion van is a normal thing among Nigerians who are millionaires.

Since politicians have unfettered access to the scarced new naira notes, Nigerians will be willing to queue up for politicians during election just to have the new notes.

RenaissanceGuy:
Can that still happen now, especially now that CBN intentionally printed very limited notes and every bank branch manager has to account for every tranche of new notes received, especially between now and till the end of the elections?? No.

Extending the deadline was a miscalculated venture. People where already making plans to adjust, new notes would have been in circulation in a greater measure by now. Instead, new notes are presently being hoarded because of the extension, old notes are scarce (because many have been returned). No good public transportation system for an efficient cashless policy. If there's another extension, then there will be chaos of monumental proportion.

RenaissanceGuy:
Can that still happen now, especially now that CBN intentionally printed very limited notes and every bank branch manager has to account for every tranche of new notes received, especially between now and till the end of the elections?? No.

The new notes are scarce because they're with the rich. Forget story!

SmartPolician:
The only reason why what you stated above is not applicable is if the CBN is not watching them closely. These are critical times and all eyes are on banks. I just feel that the CBN doesn't have enough cash to share, not that some cabal is hoarding the money.

Besides, the president is directly involved in this and everyone is playing safe. Even if a politician owns a bank, there's a limit to the amount of cash he can take away. I have worked in a sector where the president has a direct eye on and I know how the most corrupt and highly placed Nigerians fear not to mess things up for themselves.

Is it the same Emefele DSS was trying to arrest or the Buhari that kept mute? CBN did not print enough cash and they don’t know what’s up with the commercial banks rather they come to social media to blame game

RenaissanceGuy:
Can that still happen now, especially now that CBN intentionally printed very limited notes and every bank branch manager has to account for every tranche of new notes received, especially between now and till the end of the elections?? No.

The limited notes are in the hands of the elites not commoners

Biodun556 my yoruba muslim friend pls stop crying.

Biodun556:


The limited notes are in the hands of the elites not commoners

But can the ones in their hands buy a local government votes, let alone a senate or gov or présidential?

RenaissanceGuy:
But can the ones in their hands buy a local government votes, let alone a senate or gov or présidential?

It would be more than enough

I have thought so too.

The voters are now in need of cash from politicians more than ever before.

Biodun556:


It would be more than enough

Sorry to bust your bubbles, CBN didn't print up to that, by any stretch. Not even up to the 20% of what APC and PDP presidential candidates had stockpiled let alone all of the other candidates contesting other positions.