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Reason Behind The CBN New Order. - Politics - Nairaland

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Tinubu: Practical Ways Forward On The CBN New Naira Notes Policy / BREAKING: Court Nullifies Labour Party Primaries, Gives New Order / The Real Reason Behind Inec’s Postponement Of The Election By Nonso Ozoemena (2) (3) (4)

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Reason Behind The CBN New Order. by Kwem(m): 4:11pm On Feb 17, 2023
The new directives coming from CBN is as a result of the crowd in every CBN centers. The work load have over powered them so the need to direct the masses back to their various bank's
grin
Don't be too happy

3 Likes

Re: Reason Behind The CBN New Order. by Jones4190(m): 4:24pm On Feb 17, 2023
Kwem:
The new directives coming from CBN is as a result of the crowd in every CBN centers. The work load have over powered them so the need to direct the masses back to their various bank's
grin
Don't be too happy
this is the beginning to the end of the policy, I can giveold money to vote for me, you will take it to the bank and deposit it in your account.
simple

5 Likes

Re: Reason Behind The CBN New Order. by AtikuOkowa: 4:28pm On Feb 17, 2023
The order will relax the muscle and the hottest one before election will come

2 Likes

Re: Reason Behind The CBN New Order. by Period007(m): 4:30pm On Feb 17, 2023
Jones4190:

this is the beginning to the end of the policy, I can giveold money to vote for me, you will take it to the bank and deposit it in your account.
simple

You only have one chance to deposit old notes

3 Likes

Re: Reason Behind The CBN New Order. by Kwem(m): 4:35pm On Feb 17, 2023
Jones4190:

this is the beginning to the end of the policy, I can giveold money to vote for me, you will take it to the bank and deposit it in your account.
simple
your emotions will fail you next week 🤡

3 Likes

Re: Reason Behind The CBN New Order. by Jones4190(m): 4:37pm On Feb 17, 2023
Period007:


You only have one chance to deposit old notes
I have over 8 account numbers
Re: Reason Behind The CBN New Order. by Georgry(m): 4:37pm On Feb 17, 2023
Period007:


You only have one chance to deposit old notes


Then expect old note buyers that will spring up during the election, if the banks continue collecting the old note after election, I can just go to the nearest voting place around me, buy the money from them at 20 percent discount, for example, if you are paid 10000 naira to sell vote I simply take the 10k from you and transfer 8k to you, at that rate I will buy 500k old note for 400k transfer, take the 500k to my bank and deposit, that is 100k profit in a day. Trust me a lot of people are already thinking this now so unless the cbn stop bank from accepting those notes before election just know that the policy will fail.

1 Like

Re: Reason Behind The CBN New Order. by tamdun: 4:39pm On Feb 17, 2023
Georgry:



Then expect old note buyers that will spring up during the election, if the banks continue collecting the old note after election, I can just go to the nearest voting place around me, buy the money from them at 20 percent discount, for example, if you are paid 10000 naira to sell vote I simply take the 10k from you and transfer 8k to you, at that rate I will buy 500k old note for 400k transfer, take the 500k to my bank and deposit, that is 100k profit in a day. Trust me a lot of people are already thinking this now so unless the cbn stop bank from accepting those notes before election just know that the policy will fail.
And the incoming president can also reverse the cashless nonsense
Re: Reason Behind The CBN New Order. by Period007(m): 4:39pm On Feb 17, 2023
Jones4190:
I have over 8 account numbers
How many BVN?

You think you are wiser than Buhari and Emiefele

7 Likes

Re: Reason Behind The CBN New Order. by Period007(m): 4:41pm On Feb 17, 2023
Georgry:



Then expect old note buyers that will spring up during the election, if the banks continue collecting the old note after election, I can just go to the nearest voting place around me, buy the money from them at 20 percent discount, for example, if you are paid 10000 naira to sell vote I simply take the 10k from you and transfer 8k to you, at that rate I will buy 500k old note for 400k transfer, take the 500k to my bank and deposit, that is 100k profit in a day. Trust me a lot of people are already thinking this now so unless the cbn stop bank from accepting those notes before election just know that the policy will fail.
Na when you no receive alert after 3 weeks your eye go open.

What about voters without account number, will they collect the old notes too

1 Like

Re: Reason Behind The CBN New Order. by Parachoko: 4:46pm On Feb 17, 2023
Period007:

What about voters without account number, will they collect the old notes too
Yes
Re: Reason Behind The CBN New Order. by Georgry(m): 4:48pm On Feb 17, 2023
Period007:

Na when you no receive alert after 3 weeks your eye go open.

What about voters without account number, will they collect the old notes too

I have a business account with a good cash flow, trust me I will surely get alerts, it's not rocket science, voters who do not have account will use their children account, in other for it to be even more hard to trace I will use my numerous pos account to transfer those money on election day. This policy is flawed already.
Re: Reason Behind The CBN New Order. by Roniyke1234: 4:49pm On Feb 17, 2023
Jones4190:
I have over 8 account numbers


You can't have 8 accounts with one bvn, so stop lying.
Re: Reason Behind The CBN New Order. by Period007(m): 4:49pm On Feb 17, 2023
Georgry:


I have a business account with a good cash flow, trust me I will surely get alerts, it's not rocket science, voters who do not have account will use their children account, in other for it to be even more hard to trace I will use my numerous pos account to transfer those money on election day. This policy is flawed already.
How many BVN you get

Till when you can't generate code on CBN portal twice your eyes will open.
Re: Reason Behind The CBN New Order. by BeardedmeatR(m): 4:51pm On Feb 17, 2023
Georgry:



Then expect old note buyers that will spring up during the election, if the banks continue collecting the old note after election, I can just go to the nearest voting place around me, buy the money from them at 20 percent discount, for example, if you are paid 10000 naira to sell vote I simply take the 10k from you and transfer 8k to you, at that rate I will buy 500k old note for 400k transfer, take the 500k to my bank and deposit, that is 100k profit in a day. Trust me a lot of people are already thinking this now so unless the cbn stop bank from accepting those notes before election just know that the policy will fail.
Because you think voting centers are like village markets right? Dey play.
Re: Reason Behind The CBN New Order. by LeonSaab: 4:53pm On Feb 17, 2023
Period007:


You only have one chance to deposit old notes
lol ask yourself if a deadline was set after this pronouncement? Or you think the massive crowds will be sorted put in the next month even if they go to their various branches?
Re: Reason Behind The CBN New Order. by BeardedmeatR(m): 4:54pm On Feb 17, 2023
Georgry:


I have a business account with a good cash flow, trust me I will surely get alerts, it's not rocket science, voters who do not have account will use their children account, in other for it to be even more hard to trace I will use my numerous pos account to transfer those money on election day. This policy is flawed already.
Lol just carry your whole shop go set up for voting center.
Re: Reason Behind The CBN New Order. by BeardedmeatR(m): 4:55pm On Feb 17, 2023
LeonSaab:
lol ask yourself if a deadline was set after this pronouncement? Or you think the massive crowds will be sorted put in the next month even if they go to their various branches?
It means the old CBN deadline for deposits is still valid.
Re: Reason Behind The CBN New Order. by Period007(m): 4:56pm On Feb 17, 2023
LeonSaab:
lol ask yourself if a deadline was set after this pronouncement? Or you think the massive crowds will be sorted put in the next month even if they go to their various branches?
This directive is to ease tension and stop the mob from destroying commercial banks.

Be rest assured that before Wednesday, banks will stop accepting old notes
Re: Reason Behind The CBN New Order. by Parachoko: 4:57pm On Feb 17, 2023
Roniyke1234:



You can't have 8 accounts with one bvn, so stop lying.
Are you saying he can't open 8 account in 8 banks?
Re: Reason Behind The CBN New Order. by Parachoko: 4:58pm On Feb 17, 2023
BeardedmeatR:
It means the old CBN deadline for deposits is still valid.
Yes, April 10 according Buhari
Re: Reason Behind The CBN New Order. by LeonSaab: 4:59pm On Feb 17, 2023
Period007:

This directive is to ease tension and stop the mob from destroying commercial banks.

Be rest assured that before Wednesday, banks will stop accepting old notes
okay no be this naija all of us dey? Let's wait and see....
Re: Reason Behind The CBN New Order. by LeonSaab: 4:59pm On Feb 17, 2023
BeardedmeatR:
It means the old CBN deadline for deposits is still valid.
okay let's watch and see
Re: Reason Behind The CBN New Order. by tinsel: 4:59pm On Feb 17, 2023
Period007:

How many BVN?

You think you are wiser than Buhari and Emiefele
Wait a minute. Buhari wise? He is no longer a dullard? My goodness God. These guys

1 Like

Re: Reason Behind The CBN New Order. by BeardedmeatR(m): 5:02pm On Feb 17, 2023
Parachoko:
Yes, April 10 according Buhari
Is it also true you can only generate the deposit code once?
Re: Reason Behind The CBN New Order. by SecretSpy666: 5:03pm On Feb 17, 2023
Roniyke1234:



You can't have 8 accounts with one bvn, so stop lying.
You don't even understand anything at all. You can only register once on CBN portal and use your bvn once. You can't generate code twice with one bvn and you can't deposit more than the amount on the form. This exercise will end on Wednesday. Go and read the CBN circular
Re: Reason Behind The CBN New Order. by BeardedmeatR(m): 5:04pm On Feb 17, 2023
tinsel:

Wait a minute. Buhari wise? He is no longer a dullard? My goodness God. These guys
You guys!

How Sai baba for eight years quickly turned moronic and clueless is the eight wonder of the world.

1 Like

Re: Reason Behind The CBN New Order. by maestroferddi: 5:05pm On Feb 17, 2023
What will the people who are celebrating prematurely do on Monday or early next week if they wake up and discover that the CBN has via a communique directed the banks to discontinue the collection of the old notes?

Buhari and the CBN certainly have an end game....

Wait for it...
Re: Reason Behind The CBN New Order. by Parachoko: 5:06pm On Feb 17, 2023
BeardedmeatR:
Is it also true you can only generate the deposit code once?
Yes, is true
Re: Reason Behind The CBN New Order. by Jones4190(m): 5:09pm On Feb 17, 2023
Period007:

How many BVN?

You think you are wiser than Buhari and Emiefele
they are not using Bvn to deposit the money
Re: Reason Behind The CBN New Order. by BeardedmeatR(m): 5:11pm On Feb 17, 2023
Parachoko:
Yes, is true
It means the old notes are still not legal tenders.
Re: Reason Behind The CBN New Order. by Parachoko: 5:12pm On Feb 17, 2023
BeardedmeatR:
It means the old notes are still not legal tenders.
Yes, according to the FG.

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