Lithiumite:


Only a hungry man doesn't have time to do what they like to do at anytime they choose......I love having fun and that I am doing right now

Urchin

MartinsD12:

I understand but then even CBN agree that they have not printed enough new naira notes that's the problem

Yes, whether it is deliberate or not, not printing enough new notes has curbed vote buying.

If Emefiele releases N1T in new notes today, the agitation will reduce, because politicians will get at least 30%. Then they'd triage. Funnel most of the money to the battleground states in the North. Party chieftains will receive alert or dollars rather than the customary sacks of cash.

So you can see why Emefiele is dragging his feet with pushing more notes into circulation. He deliberate released only 500-700B, if the governors are to be believed. The politicians mopped many and thought the spigot will continue flowing. When he shut the spigot, they sensed foul play, and are now insisting their old stash be allowed to be legal tender.

500B is not enough to keep the economy going and induce voters.

-Lord

Reason why the druggie opined that CBN print more notes some years ago. The druggie had in mind to stockpile the notes for future election use. Nigeria cannot be given to the highest bidder again. Enough is enough.

MadeInTokyo:
That 22 billion Tinubu money Which are in 1000 naira and 500 Naira denomination and stored in Kano state government facility meant for vote buying in the North West has become waste , useless and and now tissue papers, it will be hard converting them into 200 Naira notes with less than 9 day to election and CBN will not circulate up to 1 billion naira worth of 200 Naira notes back to the economy before election.

OnyeAshuaUru:
That's right.
That's why it's only corrupt mongrels like Tinubu, Wike, and Yahaya Bello that are barking.

And all the governors that want to use their state funds to procure votes for their candidate.

sonnie10:
You don’t throw away the dirty water with the baby after washing the baby in the tub. The unintended consequences of this policy will greatly affect the economy.
There is always a better option when things are well thought out. At this point in time where most countries are grappling with high inflation, layoffs and the effects of Covid, countries must be careful not to tip their economy.
Whether it is true that the policy would prevent vote buying remain to be seen.

The worst thing that can happen to a nation,is to have a bad leader either through out-rigging or vote buying.

GardenOfGod:
Reason why the druggie opined that CBN print more notes some years ago. The druggie had in mind to stockpile the notes for future election use. Nigeria cannot be given to the highest bidder again. Enough is enough.

He has the ability to mop up printed funds through bank MDs, cbn already know the amount of 1k and 500 in their hands. I would have preferred this uppercut about 5 days to election

Lol......I laff

GloriousGbola:
Poor people are struggling for money, burning banks and Buhari actually believes he has minimised influence of money in politics. With the hunger and frustration right now, some people will throw their vote for some packs of indomie

The man is living in his own bubble isolated from reality

If people can throw away their conscience and vote for a mere pack of indomie, then i am left to conclude that Nigerians are inherently stupid, cursed and not bright enough to be regarded as human beings.

BeauBragnar11:


Urchin

Wailer!!

dmostcheerful:

Yes oo, this is why APC Abuja and Rivers rally that was held after the policy was so scanty, no money to mobilize jobless people so as to get enough crowd.
Let it be so on the 25th, let's see how the diaper man will buy votes.

The question is why was Lagos LP rally 'massive'. Since they don't use money to mobilize people.

Most people are talking about billions stashed away by politicians but your President just said that 2.7 trillion of the old notes representing about 80% has been retrieved by CBN. This means that much of the so called stashed away billions have been returned by these politicians. In fact, these politicians have also collected a large share of the new notes which is partly the reason for the scarcity among ordinary folks like you. Please let's stop fooling ourselves into thinking that it will affect politicians because IT WILL NOT!
See, I am not a Tinubu or APC fan, but this policy summersalt will not affect his chances. In fact, he may still win the election. He can even turn it into a strong campaign point that he will amend the policy if elected and because a lot of people are suffering from this policy they will side with him. Those of us sitting in the comfort of our homes and offices thinking everybody is in support of the policy because it will curb vote buying are in deception. Go out to the streets and find out. The politicians you think may lose out will still win convincingly and at the end this policy misadventure will accomplish nothing but suffering and misery for the ordinary folks.

LordAdam16:


Yes, whether it is deliberate or not, not printing enough new notes has curbed vote buying.

If Emefiele releases N1T in new notes today, the agitation will reduce, because politicians will get at least 30%. Then they'd triage. Funnel most of the money to the battleground states in the North. Party chieftains will receive alert or dollars rather than the customary sacks of cash.

So you can see why Emefiele is dragging his feet with pushing more notes into circulation. He deliberate released only 500-700B, if the governors are to be believed. The politicians mopped many and thought the spigot will continue flowing. When he shut the spigot, they sensed foul play, and are now insisting their old stash be allowed to be legal tender.

500B is not enough to keep the economy going and induce voters.

-Lord

Ok how do you see the court case coming on 22nd this month on this matter? What if the court favour those apc governors?

hisexcellency34:
This policy may favour the candidate that doesn't give shishi

But the same policy make way for him
What a stupid policy 🤗

Practically speaking, it has made vote buying cheaper. Since the people do not have cash and they NEED cash, they will accept 3k for their vote.

sonnie10:
You don’t throw away the dirty water with the baby after washing the baby in the tub. The unintended consequences of this policy will greatly affect the economy.
There is always a better option when things are well thought out. At this point in time where most countries are grappling with high inflation, layoffs and the effects of Covid, countries must be careful not to tip their economy.
Whether it is true that the policy would prevent vote buying remain to be seen.

For me, that this policy would stop vote buying is a joke of the century! Can Buhari or Emefiele categorically tell is that the main presidential candidates don't have enough new notes as we speak?
Is it Peter Obi who has major stake in Fidelity Bank that doesn't have the new notes OR Tinubu and Atiku who have friends and associates as Bank MDs and have major stakes in quite a lot of banks?

Just like you, I'm waiting to see whether votes would be bought or not on election day, by all the major candidates.
February 25th is not far again!

For every election circle they've been buying their way into the government seats but thankfully our darling papa said, we're drifting away from that regime of money bags politics. No wonder they are not comfortable at all. God don catch them small.

dat9jaguy:




The question is why was Lagos LP rally 'massive'. Since they don't use money to mobilize people.

Peter Obi made several stops, Alaba, computer village and so on.
Add and do your calculations.
Oh I forgot, your fellow agbero scared and stabbed people going for the rally.
Oga, you are a grand urchin I shouldn't be quoting you though.

MadarasBlade:


If people can throw away their conscience and vote for a mere pack of indomie, then i am left to conclude that Nigerians are inherently stupid, cursed and not bright enough to be regarded as human beings.

I am left to conclude you are a pampered and sheltered child who is completely isolated from the havoc this poorly executed policy is unleashing on Nigerians of all classes.

BeauBragnar11:


That's the President's business.

Over here in Kaduna we are still spending old notes... El Rufai says he got our backs

who is El rufai? Nigeria is bigger than that short thing.

Racoon:
Vote buying or not, the currency swap is a good policy. The billions stashed by politicians outside the banking system is now useless.

and what makes u think that the new notes are not presently in the custody of those politicians?

membranus:


The one who doesn't give shishi also needs cash for campaign logistics, so it is going to affect him.

Don't mind them...Peter Obi already has Fidelity Bank to his rescue. Will Fidelity Bank not give Peter Obi all the new notes he needs, being a major stakeholder in Fidelity Bank?

SMH!

PrinceOfLagos:
Buhari just gave Tinubu an upper cut

We love it , We love it 😂😆

Why are you all so intellectually RE- TAR - DED?

Asiwaju Bola Ahmed Tinubu has already done the swap via his bank accounts since last month and has billions of new naira notes he has been using for presidential campaign rallies.
Alhaji Atiku Abubakar has also done so.
Peter Obi has billions of new naira from his Fidelity Bank and spending them for the expenses of his presidential campaign rallies.

President Buhari and the cabals are just exploiting the gullibility and stupidity of majority of Nigerians.

hisexcellency34:
This policy may favour the candidate that doesn't give shishi

..yes Peter obi that does not give shi shi the policy and election will favour him

Tinubu will not like to hear this news from Buhari

Today, I fully support the President after hearing his address to the nation. Here are my reasons:

1. Exchanging the old Naira note:

Why should politicians or government officials complain about the policies associated with the new Naira note?

Over Hundred days grace window was offer to exchange your old Naira note. If #500,000 was being deposited daily with the bank for 100 days, the total will be #50,000,000 for individuals.

Why should an individual keep N50m at home if not a proceed from corruption and bribery.

Note: Over N2.4 Trillion meant to be in circulation are kept at home by politician and government officials.

2. Politician influence at various bank/blame the bank:

CBN distributed the new Naira notes to various banks. Instead of the banks to distributed the new note equally, they were being given/sold to politicians and POS operators.

Its time all our angers be channel to the politician who are suppose to cater for the needs of their citizens and not themselves, friends or families.

The banks are also to be blame, why will a bank have six ATM and only one or two are dispensing cash?

Why will the banks temper with their network just to fustrate the new Naira note policy. Its a gang up of the banks to temper with their network at the same time. Otherwise, why all banks USSD, electronic banking, APP etc fail at the same time?

Lastly, CBN should also be blame for not sanctioning any bank for frustrating the policy associated with the new bank note.

seborrhic:

I initially thought so too.
But look at the other way round:A man/woman would be less inclined to be influenced by a ₦2k voting bribe than he/she would have been with a a ₦10k one that they know would solve an immediate,important need.
What important,urgent need can 2k solve.
At least it would reduce the number of people that would be easily bribed

First no one pays 10k for each voter unless they are only worrying about a small number of people. The person that I know that has ever paid the most was a friend who ran under PDP 4 years ago. He paid 5k each and still lost to APC in my town.
Secondly, people will collect 1k now instead of the usual 2 to 3k. They have made more people desperate now more than ever. Especially if they can have naira note to give out right there instead of transfer, some might even take 500 Naira self. You will see. Just wait and see.

MartinsD12:

Ok how do you see the court case coming on 22nd this month on this matter? What if the court favour those apc governors?

The court can only adjourn. And Buhari has checkmated/taken the sting out of another adjournment.

I don't see the Supreme Court ruling in the governors favor. If they could, they would have yesterday. And that would make Buhari pull the nuclear weapon. Actually direct state apparatus to rig the election for Atiku. To do that, he'll travel out and give SGF, IGP, and CDS free reign. All 3 are pro-Atiku. Osinbajo will cross his legs and sip chardonnay.

And I don't see why the Justices would want that baggage. It's one thing to make Lawan the flagbearer, it is another thing to scuttle Atiku's emergence, especially if he wins the election regardless.

We'll see anyway. I'm pro Atiku, but Tinubu is still in pole position as of today.

-Lord

anonymuz:
it will a bit difficult to convert those higher notes to lower one. Imagine using a bullion van to convey 20million naira of 200 naira to each local government area to share. E go cast na

And how sure are u that governors and the contestants are not with the new notes in bunch already??


How do Nigeria people especially the youth reason sef, many reason like Imbecīl3, some reason like they don't have brains at all...

We calls the politicians crooks and u think a simple policy would derail them?? People that with a fon call there rooms are loaded with new cash from the banks and the bank manager would even go home with millions as tip.

Are u people sensible at all?? These politicians are criminals, they have every resources to swing things to their favour...

Nawa for Una ooh, a just dey look Una dey laf.

This shitty contrived policy is only targeted at on individual,they should have thougt out the unintended consequences on the already battered masses before pushing through with it.Its only a matter of time before the unthinkable happens

All ye obidients like deceiving ursevs.
The same 'old' naira they are still spending?

Una hate genes won't allow una see road.
Na so u support ipob (sit at home) so tey d same ipob kee ur cousin and u begin cry on top nairaland.

Ndi-Igbos dem: always cutting their noses to spite their face.

PrinceOfLagos:
Buhari just gave Tinubu an upper cut

We love it , We love it 😂😆

MadeInTokyo:
That 22 billion Tinubu money Which are in 1000 naira and 500 Naira denomination and stored in Kano state government facility meant for vote buying in the North West has become waste , useless and and now tissue papers, it will be hard converting them into 200 Naira notes with less than 9 day to election and CBN will not circulate up to 1 billion naira worth of 200 Naira notes back to the economy before election.

circulate 1 billion naira worth of 200 notes?

Even if their madness allows it, printing time won't.