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CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note (58966 Views)

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Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by haryomikun(m): 11:14am On Sep 24, 2015
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Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by SeverusSnape(m): 11:14am On Sep 24, 2015
efilefun:
God bless you , alot of people dont understand the advantages of this if finally implemented. Yet they call this man a dullard

3 Likes 1 Share

Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by Nobody: 11:14am On Sep 24, 2015
kITATITA:
The CBN governor is incompetent. He's still snuggling to Elumelu and Co. I agree that the economic downturn is not his fault but this time requires extraordinary person who can pull us through; and he's not the person.
People talk too much about foreign investors but let's understand that they are not investing in real sectors. They are traders who see opportunities in the favourable returns in the capital/money markets. They also capitalise on the fact that they are allowed 100% repatriation of their money. In fact they contribute to capital flight and money laundering. They are leaving because they don't have the freedom to do whatever they like anymore.

Exactly,I said it here sometimes back when reports were going round that investors lost so much in the capital market.I said most of them were foreign guys and that it was a lost and won contest.If foreign investors are that serious about investing, the real sector needs them most.
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by Nobody: 11:15am On Sep 24, 2015
GudluckIBB:
Emiefele can go if he likes.

He contributed to the our falling Naira by recapitalizing Bdc segment.The Economy was stable before he came about recapitalizing bdc's and immediately after that exercise dollar jumped to the detriment of the Naira which made them devalue.

It will be on record that it was in Emiefele's regime that CBN devalued the Naira twice.He has not made any pissitive impact since he came in.

If you want to quote me, first of all, ask those working in Zenith Bank and they will they you how clueless he was when he was the MD.

Dats why I say ur president is so clueless and stupid to appoint such a man as CBN governor. U just said it all. Hehehe

1 Like

Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by ocelot2006(m): 11:15am On Sep 24, 2015
Segadem:
is that a threat? what positive policy has he implement since he assume that position? Nigeria foreign exchange dwindling day by day,yet he has no clue of what to do.
I don't know who is more clueless between him and the Oga that appointed to that post.


Hold up....hold up....who is responsible for articulating a policy to guide the economy? The CBN governor OR the Presidency? Cos your post looks like you want to shift the blame. I suggest you focus on your incompetent president GMB.

1 Like

Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by sukkot: 11:16am On Sep 24, 2015
what the heck kinda name is emefiele anyway ?
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by Burshh: 11:16am On Sep 24, 2015
Sappyman:
This is a welcome development because this is the first step in tackling corruption in this country. As we all know our politicians have stuck billions of naira in soak way and don't put their money in bank to avoid being traced. We should all give it a support.
Shocked about your comment... You think most of of the cash stocks are in Naira?

1 Like

Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by Khez: 11:17am On Sep 24, 2015
Thanks a lot bro, you just spoke my mind, the man is a fool, his incompetent much, he should go abegi, our 35m capitalization is still with him o, he hates bdc from day1,if they even left him,he'd close them up, his moredan clueless embarassed
GudluckIBB:
Emiefele can go if he likes.

He contributed to the our falling Naira by recapitalizing Bdc segment.The Economy was stable before he came about recapitalizing bdc's and immediately after that exercise dollar jumped to the detriment of the Naira which made them devalue.

It will be on record that it was in Emiefele's regime that CBN devalued the Naira twice.He has not made any pissitive impact since he came in.

If you want to quote me, first of all, ask those working in Zenith Bank and they will they you how clueless he was when he was the MD.
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by SAMATC(m): 11:18am On Sep 24, 2015
Imortal001:
The pressure to work is too much for him and no room for him to loot money!

That is correct my brother! No room to loot our money again.

1 Like

Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by Emekamex(m): 11:18am On Sep 24, 2015
Those supporting Buhari on this are truly pathetic. Do you think the present generation of politicians store their loot in naira? Changing the color of the naira will have no effect of the stacks of dollars stored in warehouses by these pilferers.

2 Likes

Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by Charly68: 11:18am On Sep 24, 2015
This man should be prepared to think outside the box...There is job without a challenge..his new boss has come up with ideas,all he needs to do is to assemble men to get the ideas implemented & not to resign..his resignation means incapability..
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by tinsel: 11:19am On Sep 24, 2015
Imortal001:
The pressure to work is too much for him and no room for him to loot money!
Not everybody is happy with Buhari's anti-corruption agenda. The powerful Nigerians are doing everything possible to derail him because all avenues of looting are being closed.
But my pain is reading from most youths in this forum some jobless graduates of many years back who never benefitted penny from the massive looting supporting the rich and the powerful in the name of party politics or ethinicity. Nigeria has a long way to go.

4 Likes 2 Shares

Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by SAMATC(m): 11:19am On Sep 24, 2015
lagmostkuit:
APC and Buhari is really a curse to Nigeria..

How ?
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by BekeeBuAgbara: 11:19am On Sep 24, 2015
Why should a looter have his money in naira denomination that occupy much space when he can easily convert it to Pounds and dollars

denomination, Buhari shound find other ways to catch them, not by changing the colour of naira.

He should not apply 1984 methods to rule Nigeria in 2015.

3 Likes

Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by Nobody: 11:19am On Sep 24, 2015
Even if u changed the colour, a thousand times, people have gotten smarter.


I can give my billions of naira to about 10 to 20 money changers and promise them a percentage of the cash if the successfully deposit it and later withdraw the new notes...

I can equally give my boys or legitimate businesses to front the liquid cash and return new notes.

Buhari is just going to cost us money getting new notes and sh*I... There are better ways to fight corruption. Better technologies. Sometimes I don't fault the yam and the goat theory though..

1 Like

Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by Erukulele(m): 11:20am On Sep 24, 2015
I no belif till he resigns
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by Nobody: 11:22am On Sep 24, 2015
Khez:
Thanks a lot bro, you just spoke my mind, the man is a fool, his incompetent much, he should go abegi, our 35m capitalization is still with him o, he hates bdc from day1,if they even left him,he'd close them up, his moredan clueless embarassed

Who is more foolish, a deaf man dats tells a blind man pls lead me on my home.?
U call d CBN BOSS clueless yet ur dumb president choose d clueless man as CBN governor. Isn't he stupid? It's just a question.
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by Nobody: 11:23am On Sep 24, 2015
SAMATC:


How ?
Figure it out!
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by Nobody: 11:24am On Sep 24, 2015
lagmostkuit:
APC and Buhari is really a curse to Nigeria..
The same way you are a curse to your family
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by buchilino(m): 11:24am On Sep 24, 2015
handsomeclouds:
There's nothing wrong in changing the colour


U HAVE NO IDEA HOW MUCH WILL BE WASTED COS PMB DOESN'T LIKE D COLOR OF D NAIRA
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by GudluckIBB(m): 11:25am On Sep 24, 2015
magicminister:


if only people like you knew what emefiele has done to save this economy from total collapse.... if you knew eh, would worship his shoes!!!

Emefiele is a genius!!

Pls Educate me on what he has been able to achieve since he came in.
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by Nobody: 11:26am On Sep 24, 2015
fados4sure:

The same way i'm a curse to my family
grin grin
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by Nobody: 11:26am On Sep 24, 2015
tinsel:

Not everybody is happy with Buhari's anti-corruption agenda. The powerful Nigerians are doing everything possible to derail him because all avenues of looting are being closed.
But my pain is reading from most youths in this forum some jobless graduates of many years back who never benefitted penny from the massive looting supporting the rich and the powerful in the name of party politics or ethinicity. Nigeria has a long way to go.

I guess ur not up to adolescent age. Hehehhehe
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by 2n2k(m): 11:28am On Sep 24, 2015
jusRadical:




Is that necessary? What is the use? Is that even the number 20 on the list of the issues facing this country?

Do you know how much that would be spent in printing the new notes?

Think my friend, think. Or better still, allow those who can think to do so for us.

At bolded. Just how much? Can you educate us?

For your information, naira notes are regularly reprinted and changed. Emefiele assumed duty in June 2014, just a little over a year ago and ALL naira notes have been changed. Compare the signatories on your current naira notes with the ones under Sanusi for you to know. Ordinary internal posting of the Director of Currency Operations in the CBN will lead to reprinting of all naira notes because the signature must change. Furthermore, notes have life cycle and are regular recycled. It is such process that led to the reported multi-billion naira fraud in the CBN Ibadan branch.

This is not to validate the report however. That is just the figment of the imagination of the writer. What made the exercise successful in 1984 was the element of surprise and utmost secrecy under which it was done. Do you think if Emefiele was briefed about such plan, he would disclosed it in such a way that the media would quote him? He won't have the opportunity of resigning, he will be fired.

3 Likes 1 Share

Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by Nobody: 11:28am On Sep 24, 2015
efilefun:
You see you the dunce here, changing color of the currency doesnt have anything to do with strengthening the naira but force those idiots pilling billions of naira in their homes to release the money or it becomes useless.
What if the billions have been converted to Dollars?
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by MuyiRano(m): 11:30am On Sep 24, 2015
Ioannes:
*grabs popcorn waiting for online economic experts whose degree in economics was obtained on nairaland*
grin
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by cabaliciouscabal: 11:30am On Sep 24, 2015
1miccza:
And yet they are busy criticising Jonathan's government after about 4 months,they don't have a clear cut policy direction. A gathering of clowns,that's what they are....

The six years ur clueless president spent, did he has any clear cut policy ?



Oh !!! sorry he has one, stealing is not corruption .

That singular policy took us to wea we ar.........

# use ur Brain wen contributing in a fora like dis.

# Criminals Ruling Us

1 Like

Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by sukkot: 11:30am On Sep 24, 2015
Emekamex:
Those supporting Buhari on this are truly pathetic. Do you think the present generation of politicians store their loot in naira? Changing the color of the naira will have no effect of the stacks of dollars stored in warehouses by these pilferers.
yes but they will have to change their dollars back to naira and they will be caught. there is no way you can change 2 billion dollars ( the amount diezani stole ) to naira without being caught. you are myopic
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by dougivilla(m): 11:30am On Sep 24, 2015
handsomeclouds:
As for me.. I see more advantages to this than disadvantages. Those who have old notes hoarded in industrial quantities would be forced to bring them out( hopefully caught in the process by the anti-graft...). These GDP figures doesn't necessarily translates to anything in my own opinion. In the long run the economy will stabilize.
Mind you, they also have the choice of converting their old naira to any other currency of the world before the change of colour. lol. This is far from the biggest of challenges Nigeria is undergoing.
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by sukkot: 11:32am On Sep 24, 2015
dougivilla:
Mind you, they also have the choice of converting their old naira to any other currency of the world before the change of colour. lol. This is far from the biggest of challenges Nigeria is undergoing.
hence why baba has been travelling all over the world building allies. they will be caught in those countries
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by fairheven: 11:32am On Sep 24, 2015
He will surely turn out as the worst CBN governor of all time.
Re: CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note by Nobody: 11:33am On Sep 24, 2015
sukkot:
yes but they will have to change their dollars back to naira and they will be caught. there is no way you can change 2 billion dollars ( the amount diezani stole ) to naira without being caught. you are myopic
And who do you think will have such amount in a store at home? Secondly if you have such money do you change it all at once? Who regulates the black market?

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