See How Buahri Outsmarted Corrupt Politicians With The New Cash Policy. - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / See How Buahri Outsmarted Corrupt Politicians With The New Cash Policy. (844 Views)
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| See How Buahri Outsmarted Corrupt Politicians With The New Cash Policy. by Workch: 4:34pm On Feb 16, 2023 |
I am just leaving the bank to deposit some old cash that I have, I was told that commercial banks are not longer collecting the old 500 and 1000naira notes that I have deposit them at any CBN state branch. Firstly, I will have to fill a form on CBN portal, then I will receive a code, it is with that code that I will proceed to CBN branch to deposit the cash. There's a money laundering act already that says that an individual cannot have cash more 5million naira and company shouldn't keep cash of more than 10 million. How will I explain to CBN that I have such huge cash with me? I have about 10million cash to deposit and this is what my account officer said. He also said that I can be arrested by EFCC is they see me with such cash. This means that every criminal, looter and kidnapper with such cash cannot go to The CBN if they cannot explain the source of that money. It has also crippled every the plan of rigging election because those old notes will not be collected by commercial banks. Nobody will proceed to CBN office to deposit looted money. The cash will eventually become useless. They should have done that before now. I am going to CBN tomorrow to deposit half of it first BTW. 2 Likes 1 Share |
| Re: See How Buahri Outsmarted Corrupt Politicians With The New Cash Policy. by Nobody: 4:35pm On Feb 16, 2023 |
Baba Buhari is smart and hates corruption 2 Likes |
| Re: See How Buahri Outsmarted Corrupt Politicians With The New Cash Policy. by lazynairalander1: 4:40pm On Feb 16, 2023 |
Yesterday a guy was telling me he would not mind collecting cash from those who stock it and deposit into his account then in return he would transfer back to them. I laughed the werey, mumu wan clean money and his ignorant of the law. This is what the politicians are fighting all of them both the silent and the outspoken ones. All of them didn't see this coming and they have cash stocked for time like this. Buhari did them dirty. 1 Like 1 Share |
| Re: See How Buahri Outsmarted Corrupt Politicians With The New Cash Policy. by Workch: 4:42pm On Feb 16, 2023 |
lazynairalander1:as in eh, I didn't even know about this CBN thing. Nobody wey no fit explain how him get the money go near CBN office |
| Re: See How Buahri Outsmarted Corrupt Politicians With The New Cash Policy. by Ezeama400: 4:44pm On Feb 16, 2023 |
Workch: I heard that CBN also has a deadline for the collection of old notes as well, which will happen before the election.. 1 Like 1 Share |
| Re: See How Buahri Outsmarted Corrupt Politicians With The New Cash Policy. by NEUDUDE: 4:45pm On Feb 16, 2023 |
And this is why they have been running helter skelter up and down with their asses on fire from one supreme court to the other Masses kill them there. Their stockpiled is about to be useless 4 Likes 1 Share |
| Re: See How Buahri Outsmarted Corrupt Politicians With The New Cash Policy. by lazynairalander1: 4:49pm On Feb 16, 2023 |
Workch: Exactly, this is where bubu checkmate everyone. When CBN said it will reduce kidnapping people thought it was a joke, "how can colored currency stop kidnapping" But we are at that junction, kidnappers can't spend, can't deposit, politicians can't spend, can't deposit, can't clean it either. 3 Likes 1 Share |
| Re: See How Buahri Outsmarted Corrupt Politicians With The New Cash Policy. by Workch: 4:51pm On Feb 16, 2023 |
Ezeama400:Even me sef, I don't know how I am going to explain to them tomorrow now that I still have 5million in cash. I go just speak Oyinbo there |
| Re: See How Buahri Outsmarted Corrupt Politicians With The New Cash Policy. by Ezeama400: 4:58pm On Feb 16, 2023 |
Workch: What kept you so long to leave such amount at home ? Even keeping more than 100k is not advisable especially now things are not certain, let alone 5 million... Go and answer their queries if the money is clean .. Mind you, going to CBN is a very long process 1 Like 1 Share |
| Re: See How Buahri Outsmarted Corrupt Politicians With The New Cash Policy. by DSC7: 5:11pm On Feb 16, 2023 |
Don't forget you can only use your BVN once to deposit   ....You can't deposit twice 😂😂😂😂 2 Likes 1 Share |
| Re: See How Buahri Outsmarted Corrupt Politicians With The New Cash Policy. by chiefolododo(m): 5:22pm On Feb 16, 2023 |
DSC7:
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| Re: See How Buahri Outsmarted Corrupt Politicians With The New Cash Policy. by Nobody: 5:24pm On Feb 16, 2023 |
Isn't this why they open accounts for almajiris? The politicians won't suffer from this policy, we are the ones on the receiving end |
| Re: See How Buahri Outsmarted Corrupt Politicians With The New Cash Policy. by Workch: 5:53pm On Feb 16, 2023 |
DSC7:oh shit |
| Re: See How Buahri Outsmarted Corrupt Politicians With The New Cash Policy. by Workch: 6:09pm On Feb 16, 2023 |
Olasyke:what are you saying? |
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