I believe Godwin Emefiele would have faired better today if he had stood his ground and pushed through his Naira re-design policy.

The policy was making the Naira stronger and would have wiped out hoarded cash by looting politicians.

After all, the supreme court acted unconstitutionally in my opinion by usurping the power of CBN to make monetary policy.

What are your thoughts?

worksmart:
I wish Godwin Emefiele would be in a stronger position today if he had stood his ground and pushed through his policy.

What are your thoughts?

No, he would have ended up worse. That decision was worse than even this crippling subsidy removal. People didn't have money to spend. We were buying money at exorbitant rates and pricea of goods were going up. That policy alone is one of the reasons Nigeria's economy is in this present stage. I know a number of small businesses that crumbled around that time.

But he is being held in detention without trial today, how could it have been worse for him?

Obaaderemi2:
No, he would have ended up worse. That decision was worse than even this crippling subsidy removal. People didn't have money to spend. We were buying money at exorbitant rates and pricea of goods were going up. That policy alone is one of the reasons Nigeria's economy is in this present stage. I know a number of small businesses that crumbled around that time.

worksmart:
But he is being held in detention without trial today, how could it have been worse or him?

They blame others and never accept responsibility

The Naira redesign was an exercise to no where let me serious, it was arrant nonsense whose only endgame would be needless hardship and in way able to affect the outcome of the election

And what Tinubu has imposed since resuming office is necessary hardship right?

SalamRushdie:
The Naira redesign was an exercise to no where let me serious, it was arrant nonsense whose only endgame would be needless hardship and in way able to affect the outcome of the election

worksmart:
An what Tinubu has imposed since resuming office is necessary hardship right?

I wonder o

Crime rate has increased geometrically

Them just dey shook shook people with knife just to collect their phones.

worksmart:
But he is being held in detention without trial today, how could it have been worse for him?

They would still have brought more charges against him in anger of seeing him as Tinubu's enemy.

That naira redesign and cash swap policy destroyed my business.

Sorry about that. But the Naira-redesign policy is not the problem, CBN is constitutionally mandated to re-design the currency periodically; It is the corrupt politicians that sabotaged and prevented the policy from working that caused the hardship.

BoldBrainz:
That naira redesign and cash swap policy destroyed my business.

worksmart:
Sorry about that. But the Naira-redesign policy is not the problem, CBN is constitutionally mandated to re-design the currency periodically; It is the corrupt politicians that sabotaged and prevented the policy from working that caused the hardship.

How did they sabotage it?

If he had persisted, which is gross injustice to democracy. A Dollar will not go beyond 600 Naira.

Lol Al this clueless and blind supporter Dollar should be strong while people will keep using money to buy money you can't even go to market and do transfer on every 1k they will still ask you for #50..



Do you know how many people who lose dere life during the Cash Scarcity or people using the precious time they're supposed to use to open dere shop and office to go queue at the bank.....

You didn't hear Nasir El Rufai telling people to ignore the CBN order ? which means he and his gang of corrupt politicians were also refusing to abide by CBN order to pay in the old notes.

Taking The FG direct to supreme court to reverse the CBN order is not sabotage to you abi?

Obaaderemi2:
How did they sabotage it?

worksmart:
I believe Godwin Emefiele would have faired better today if he had stood his ground and pushed through his Naira re-design policy.

The policy was making the Naira stronger and would have wiped out hoarded cash by looting politicians.

After all, the supreme court acted unconstitutionally in my opinion by usurping the power of CBN to make monetary policy.

What are your thoughts?

You need psychiatric evaluation

Make your point without insults

APCNig:


You need psychiatric evaluation

So you agree with me? Because today a Dollar is approaching N900

MadamExcellency:
If he had persisted, which is gross injustice to democracy. A Dollar will not go beyond 600 Naira.

worksmart:
You didn't hear Nasir El Rufai telling people to ignore the CBN order ? which means he and his gang of corrupt politicians were also refusing to abide by CBN order to pay in the old notes.

Taking The FG direct to supreme court to reverse the CBN order is not sabotage to you abi?

No, El Rufai supported using the old notes as legal tender when the new notes were scarce. Why did Emefiele make the notes scarce? Do you know how long people spent at the banks? Emefiele and the stupid Buhari did long lasting harm to Nigeria's economy.

worksmart:
I believe Godwin Emefiele would have faired better today if he had stood his ground and pushed through his Naira re-design policy.

The policy was making the Naira stronger and would have wiped out hoarded cash by looting politicians.

After all, the supreme court acted unconstitutionally in my opinion by usurping the power of CBN to make monetary policy.

What are your thoughts?

Now while I'm not a lawyer, I don't think the judiciary has the power to determine monetary policy so long as such policy doesn't violate the constitution or the laws regulating the CBN. It's obvious Emefele is paying the price for exercising those powers but I can't feel sorry for him

Nobody is expecting your pity, all is needed is that we all defend the rule of law and the constitution that governs our country, otherwise anarchy and lawlessness would take over.

Roger3D:
Now while I'm not a lawyer, I don't think the judiciary has the power to determine monetary policy so long as such policy doesn't violate the constitution or the laws regulating the CBN. It's obvious Emefele is paying the price for exercising those powers but I can't feel sorry for him

Who mandated El Rufai to make his own monetary policy.
Why were the the new notes scarce ? No proof that Emeiele purposefully causee the scarcity. This is a question you should direct to the CBN and the banks I do not have enough information to answer that question.

Obaaderemi2:
No, El Rufai supported using the old notes as legal tender when the new notes were scarce. Why did Emefiele make the notes scarce? Do you know how long people spent at the banks? Emefiele and the stupid Buhari did long lasting harm to Nigeria's economy.

worksmart:
Who mandated El Rufai to make his own monetary policy.
Why were the the new notes scarce ? No proof that Emeiele purposefully causee the scarcity. This is a question you should direct to the CBN and the banks I do not have enough information to answer that question.

It wasn't only El Rufai. A couple of other governors too. The policy was bad and could have shut down the economy if it had persisted. There are transfers I made then that failed and up till today I've not gotten my money back. How can you even open a thread to support such a bad policy? Emefiele and Buhari are both stupid.

Obaaderemi2:
It wasn't only El Rufai. A couple of other governors too. The policy was bad and could have shut down the economy if it had persisted. There are transfers I made then that failed and up till today I've not gotten my money back. How can you even open a thread to support such a bad policy? Emefiele and Buhari are both stupid.

You get time. A cbn gov used his office to declare war on the citizens, and some people are defending him.
If I'm in the president's shoe, I will make sure he never smells the wall of a financial institution again till death take him home.
I witnessed people crying to get fund to feed, and someone is saying it's a good policy, as bad as COVID-19 crisis is or the current subsidy removal, it's not even half of the crisis created by the cash restrictions.

The hardship you are suffering now exceeds that you suffered during the Naira re-design.

OlujobaSamuel:

You get time. A cbn gov used his office to declare war on the citizens, and some people are defending him.
If I'm in the president's shoe, I will make sure he never smells the wall of a financial institution again till death take him home.
I witnessed people crying to get fund to feed, and someone is saying it's a good policy, as bad as COVID-19 crisis is or the current subsidy removal, it's not even half of the crisis created by the cash restrictions.

Eno go better……


Thank you Jesus.

worksmart:
I believe Godwin Emefiele would have faired better today if he had stood his ground and pushed through his Naira re-design policy.

The policy was making the Naira stronger and would have wiped out hoarded cash by looting politicians.

After all, the supreme court acted unconstitutionally in my opinion by usurping the power of CBN to make monetary policy.

What are your thoughts?

worksmart:
I believe Godwin Emefiele would have faired better today if he had stood his ground and pushed through his Naira re-design policy.

The policy was making the Naira stronger and would have wiped out hoarded cash by looting politicians.

After all, the supreme court acted unconstitutionally in my opinion by usurping the power of CBN to make monetary policy.

What are your thoughts?

people were dieing, businesses were shut down, homes crashed, people were stranded, many trekked, many went to bed hungry but u lots don’t care cos u believe it will make your candidate win right?

N now u are talking rubbish, I pray tinubu increase fuel to 1000 n let’s see those mad fools that will say they want to protest

If u feel it’s right to protest now but it wasn’t right to protest during cashless then the person should b shot

MadamExcellency:
If he had persisted, which is gross injustice to democracy. A Dollar will not go beyond 600 Naira.

dollar should b strong but people spending naira can b dieing on d streets like that radio station presenter that died while trekking Shebi?

So people are not suffering today because of Tinubu's policies?
Abeg try reason better.

Godwin4444:
dollar should b strong but people spending naira can b dieing on d streets like that radio station presenter that died while trekking Shebi?

OlujobaSamuel:

You get time. A cbn gov used his office to declare war on the citizens, and some people are defending him.
If I'm in the president's shoe, I will make sure he never smells the wall of a financial institution again till death take him home.
I witnessed people crying to get fund to feed, and someone is saying it's a good policy, as bad as COVID-19 crisis is or the current subsidy removal, it's not even half of the crisis created by the cash restrictions.

it was so bad that I will do transfer to my Pos guy on a steady like 20k n I will have to keep begging him to please let me know when he has cash

No b say e no go charge me 3k for 10k oooo

The day d guy provoke me wey I vex go bank omo I regret that action

N some people are here telling us it’s a good one cos they believe it would have helped their candidate

worksmart:
The hardship you are suffering now exceeds that you suffered during the Naira re-design.

which hardship are u talking about?

I can move freely n I can spend freely n I can eat anytime I like without having to open my app n encounter failed transactions

It was so bad that even some filling stations that normally take transfer refuse it cos they need cash they want to sell to pos operators

Anyone that supports d cashless policy should b gunned down

Wetin my eye see no b small, anytime I won comot I will have to go n beg my neighbors if they have at least 500 naira, it was so bad one day that I had to go out badly n no cash on me I had to go n meet the woman selling bread at d junction to give me 1k based on say I b regular customer

D woman made it clear she no go collect transfer ooo, I had to go out n look for every means possible to get 1k to give her

Just imagine that humiliation on top my own money n some fools believe it’s better

ok you are privileged. Congratulations!
At least explains why you do not care about the rule of law.

Godwin4444:
which hardship are u talking about?

I can move freely n I can spend freely n I can eat anytime I like without having to open my app n encounter failed transactions

It was so bad that even some filling stations that normally take transfer refuse it cos they need cash they want to sell to pos operators

Anyone that supports d cashless policy should b gunned down

Wetin my eye see no b small, anytime I won comot I will have to go n beg my neighbors if they have at least 500 naira, it was so bad one day that I had to go out badly n no cash on me I had to go n meet the woman selling bread at d junction to give me 1k based on say I b regular customer

D woman made it clear she no go collect transfer ooo, I had to go out n look for every means possible to get 1k to give her

Just imagine that humiliation on top my own money n some fools believe it’s better

worksmart:
I believe Godwin Emefiele would have faired better today if he had stood his ground and pushed through his Naira re-design policy.

The policy was making the Naira stronger and would have wiped out hoarded cash by looting politicians.

After all, the supreme court acted unconstitutionally in my opinion by usurping the power of CBN to make monetary policy.

What are your thoughts?

Are u for real? After u will be the same person shouting when court orders are not obeyed by the president. The Supreme Court gave an order and u are saying he should have stood his ground. Some of una dey unstable for Una comments sha