Over 287m new notes uncovered in just 1 bank branch. CBN is not the problem. The banks and bank executives are the real problem.

The establishment has successfully created a system that works for them and for them alone but we must fight back!

Watch the video below
https://twitter.com/chude__/status/1622566697738674177?t=LIoDuQvpTRwdWGgXkdKkuA&s=19

This space should be given an Oscar award as the most funnies country of all time when it comes to Leadership gap

This goes to show that Nigerians are their own problem. This can never happen under Obi.

This is a new problem that Buhari created and should be ensuring that it is solved within a couple of hours, but he is busy campaigning in Katsina. What a senseless and insensitive herder! 😡

On the flip side, I trust Peter Obi to relocate his office to the CBN and work with the compliance team (if he was the president).

Lizzysamuel:
Over 287m new notes uncovered in just 1 bank branch. CBN is not the problem. The banks and bank executives are the real problem.

The establishment has successfully created a system that works for them and for them alone but we must fight back!

Watch the video below
https://twitter.com/chude__/status/1622566697738674177?t=LIoDuQvpTRwdWGgXkdKkuA&s=19

CBN IS PART AND PARCEL OF THE PROBLEM.

Let no one make unsolicited excuse for the shoddy incompetence of the CBN operators. If they did their homework, there would not have been shenanigans having sway with full day at the expense of the masses.

AND BY THE WAY, WHY ARE WE HAVING MONETARY CHANGE WITHIN THE VICINITY AND TIMETABLE OF A GENERAL ELECTION?

The current CBN Governor, one Emefiele would have ceased being in charge in a decent clime.

lets go for operation show ur vault, all bank must show their vault

Bankers taken advantage of a disorganised CBN.
I don't blame them.

This policy really hit one hard....

Corruption is endemic in Nigeria, it's everywhere

LoL mak una continue...

Part of those that Tinubu induced to sabotage the efforts of the FG and CBN...


🤡

God bless you for this ...thank you so much

Mickykarim:


CBN IS PART AND PARCEL OF THE PROBLEM.

Let no one make unsolicited excuse for the shoddy incompetence of the CBN operators. If they did their homework, there would not have been shenanigans having sway with full day at the expense of the masses.

AND BY THE WAY, WHY ARE WE HAVING MONETARY CHANGE WITHIN THE VICINITY AND TIMETABLE OF A GENERAL ELECTION?

The current CBN Governor, one Emefiele would have ceased being in charge in a decent clime.

oyin44:
God bless you for this ...thank you so much

God bless you too and thanks for identifying and counting among the reasonable.

Moh247:
Corruption is endemic in Nigeria, it's everywhere

Is that your excuse for supporting an iragbiji druggie? Shame.

Rayban25:


Is that your excuse for supporting an iragbiji druggie? Shame.

I don't support any Iragbiji druggie and only a lunatic would even think anyone from Iragbiji or a druggie is contesting

Format wey don caste


.

Moh247:


I don't support any Iragbiji druggie and only a lunatic would even think anyone from Iragbiji or a druggie is contesting

Keep deceiving yourself like you dont know its tinubu I'm talking about.Shame.

Mickykarim:


CBN IS PART AND PARCEL OF THE PROBLEM.

Let no one make unsolicited excuse for the shoddy incompetence of the CBN operators. If they did their homework, there would not have been shenanigans having sway with full day at the expense of the masses.

AND BY THE WAY, WHY ARE WE HAVING MONETARY CHANGE WITHIN THE VICINITY AND TIMETABLE OF A GENERAL ELECTION?

The current CBN Governor, one Emefiele would have ceased being in charge in a decent clime.

Only Tinubu supporters are in a hurry to end the sufferings of Nigerians, after 8 years of suffering. Wonderful

socialmediaman:


Only Tinubu supporters are in a hurry to end the sufferings of Nigerians, after 8 years of suffering. Wonderful

SOME CRANIUMS ARE EMPTY.

Evident by this thoughtless outpost.

MISTER, YOU NEED TO WAKE UP TO THE JUDICIAL USE OF YOUR BRAIN. GET SOME IF YOU HAVE NOT!

You people should stop allowing Buhari pitch you against the banks ..every bank has cash ratios to meet daily or they become distressed..What Buhari is doing is trying to force banks into a bank run which will spell doom for the entire banking industry if care is not taken...the right thing to do at this point is

1: Either cancel the entire cash swap thing .

2 or allow both new and old currency exist together while we phase out the old currency in batches ties around denomination

FarahAideed:
You people should stop allowing Buhari pitch you against the banks

HOW IS THAT? EXPANTIATE, PLEASE!

Mickykarim:


HOW IS THAT? EXPANTIATE, PLEASE!

Buhari is trying to make it seem the banks are the one hoarding the money while in essence the problem is from the CBN who didn't print enough Currency to match the rate of replacement at the moment...This 200 million you see there is not even enough for one branch in Lagos for one day...this careless act of busting banks will lead to a bank run and it will negatively affect the economy further more

Mickykarim:


SOME CRANIUMS ARE EMPTY.

Evident by this thoughtless outpost.

MISTER, YOU NEED TO WAKE UP TO THE JUDICIAL USE OF YOUR BRAIN. GET SOME IF YOU HAVE NOT!

Your sudden love for Nigerians is very miraculous. E shock everybody!

Don't you think we should have a little more patience, it's just for a few more days, we will overcome

But if you're one of those riffraffs using protest to disturb peaceful Nigerians, remember operation still waters o, be careful out there

socialmediaman:


Your sudden love for Nigerians is very miraculous. E shock everybody!

Don't you think we should have a little more patience, it's just for a few more days, we will overcome

But if you're one of those riffraffs using protest to disturb peaceful Nigerians, remember operation still waters o, be careful out there

OBVIOUSLY, THE RIFFRAFF HAPPENS TO BE YOU WITH SENSELESS COMMENTS.

FarahAideed:
You people should stop allowing Buhari pitch you against the banks ..every bank has cash ratios to meet daily or they become distressed..What Buhari is doing is trying to force banks into a bank run which will spell doom for the entire banking industry if care is not taken...the right thing to do at this point is

1: Either cancel the entire cash swap thing .

2 or allow both new and old currency exist together while we phase out the old currency in batches ties around denomination

pls expantiate more.

FarahAideed:


Buhari is trying to make it seem the banks are the one hoarding the money while in essence the problem is from the CBN who didn't print enough Currency to match the rate of replacement at the moment...This 200 million you see there is not even enough for one branch in Lagos for one day...this careless act of busting banks will lead to a bank run and it will negatively affect the economy further more

You mean Buhari is working against the banks that he expects to execute his own program.

How sensible and plausible for your statement to make the least sense.

EVER HEARD OF A HOUSE WORKING AGAINST ITSELF.

FarahAideed:
You people should stop allowing Buhari pitch you against the banks ..every bank has cash ratios to meet daily or they become distressed..What Buhari is doing is trying to force banks into a bank run which will spell doom for the entire banking industry if care is not taken...the right thing to do at this point is

1: Either cancel the entire cash swap thing .

2 or allow both new and old currency exist together while we phase out the old currency in batches ties around denomination

I think the major problem is the communication from the financial institutions. The CBN released money that was supposed to be enough based on the average daily withdrawals and deposits, but politicians have billions of old naira which is causing pressure on the system.

The CBN should make a policy instructing that funds above N10 million naira or so should be exchanged directly at the CBN, to ease the pressure on commercial banks. Something like that.

The cash scarcity will remain till the 10th. That's the intention. After that, the pressure at the banks for exchange of currencies will reduce, and the problem ends. Politicians can no longer come to banks to exchange old currency, their businesses will be at the CBN

Mickykarim:


OBVIOUSLY, THE RIFFRAFF HAPPENS TO BE YOU WITH SENSELESS COMMENTS.

Be careful out there. Vote wisely

Mickykarim:


CBN IS PART AND PARCEL OF THE PROBLEM.

Let no one make unsolicited excuse for the shoddy incompetence of the CBN operators. If they did their homework, there would not have been shenanigans having sway with full day at the expense of the masses.

AND BY THE WAY, WHY ARE WE HAVING MONETARY CHANGE WITHIN THE VICINITY AND TIMETABLE OF A GENERAL ELECTION?

The current CBN Governor, one Emefiele would have ceased being in charge in a decent clime.

when did cbn announce this? October 26th. Why didnt Nigeria rush to beat the deadline since then? Buhari, cbn, banks and nigerians are to blame.

socialmediaman:


I think the major problem is the communication from the financial institutions. The CBN released money that was supposed to be enough based on the average daily withdrawals and deposits, but politicians have billions of old naira which is causing pressure on the system.

The CBN should make a policy instructing that funds above N10 million naira or so should be exchanged directly at the CBN, to ease the pressure on commercial banks. Something like that.

The cash scarcity will remain till the 10th. That's the intention. After that, the pressure at the banks for exchange of currencies will reduce, and the problem ends. Politicians can no longer come to banks to exchange old currency, their businesses will be at the CBN

It's on Thursday the CBN started releasing large sums , before then they where giving each bank 30 million naira daily while the banks need about 3bn daily to effect the replacement smoothly

FarahAideed:


It's on Thursday the CBN started releasing large sums , before then they where giving each bank 30 million naira daily while the banks need about 3bn daily to effect the replacement smoothly

If the CBN had released all the money into the system, the aim would've been defeated. I think they should've made a policy from day one to disallow banks from transacting funds over 10M or so, those should be done directly at the CBN. That would've eased pressure at the commercial banks

The money that banks had, they were prioritizing their big customers (mostly the politicians obviously) which put the ordinary Nigerians at a disadvantage

Mickykarim:


You mean Buhari is working against the banks that he expects to execute his own program.

How sensible and plausible for your statement to make the least sense.

EVER HEARD OF A HOUSE WORKING AGAINST ITSELF.

Has anything Buhari done shows he cares about his policies or NIGERIANs? This whole thing is based on no logic other than a Buhari paranoia that started in the 80s where he is always imagining people where hoarding Niara ...tell me with the way Buhari has bastardized the naira why would anyone want to hoard his wealth in Naira...Y'all be careful with this Buhari because you seem not to know who you are dealing with ..tbe reason for this might even be something entirely different..