NewStats: 3,259,785 , 8,170,904 topics. Date: Monday, 26 May 2025 at 01:54 AM un5u

FarahAideed:
We told you Buhari will end up killing the banking industry..I pity those ing this nonsense policy ..Bankers are withdrawing their services 5 days to election ..okay ooooo

It was Tinubu boys attacking banks in South West states.

Savedday2:
Nigerians are very stubborn set of people!

You were given 3months notice to deposit your old note but, refused believing there most be extension of deadline.

If Buhari like, let him extend the deadline to the next 10years, some people will still wait for die minute.

Is only dull brains that doesn't know that El-rufai is fighting for his personal pocket.

And where are the new note to replace the deposited notes??

Don't just talk because u want to talk, don't talk because u tink it's necessary, rather talk because u want to talk sense.

FarahAideed:
We told you Buhari will end up killing the banking industry..I pity those ing this nonsense policy ..Bankers are withdrawing their services 5 days to election ..okay ooooo

APC is destroying Nigeria. What a satanic party

Savedday2:
Nigerians are very stubborn set of people!

You were given 3months notice to deposit your old note but, refused believing there most be extension of deadline.

If Buhari like, let him extend the deadline to the next 10years, some people will still wait for die minute.

Is only dull brains that doesn't know that El-rufai is fighting for his personal pocket.

What are you saying?
Are you even in Nigeria?

The new money is not available, people deposited all their old cash and no new cash was given to them.

Some deposited the old cash and when they went to withdraw, the same old money was dispensed to them.

Make una de try understand wetin de go on before commenting.

Savedday2:
Nigerians are very stubborn set of people!

You were given 3months notice to deposit your old note but, refused believing there most be extension of deadline.

If Buhari like, let him extend the deadline to the next 10years, some people will still wait for die minute.

Is only dull brains that doesn't know that El-rufai is fighting for his personal pocket.

the problem is new cash not deposit

Please come out for the 100 Million Man Rallies towards ushering Peter Obi into Aso Rock. The rallies are taking place all over Nigeria today. Attend the rally at any location close to you. Vote Labour Party, Peter Obi, Yusuf Datti Ahmed next Saturday. Thanks. Obidients in Kano State, COME OUT.

Curious345:
The Nigerian army have lots of ants.

They can take over the banks and continue dispensing cash to the public

I am sure you must be joking otherwise this idea is completely senseless

FarahAideed:



Another low IQ clown with nothing to offer than miserable low level sentiments .if you don't have the range to understand what I have said then say so..

Buhari wakes up lies to low intelligent characters like you that some politicians have stashed money in houses to buy vote and this is his solution:

1.To shabily pull out 3 trillion naira if old notes out of the economy .
2. Fails to replace them with 3 trillion of the new notes but instead under prints only 300 billion naira of the new notes .

3 : triggers a needless cash scarcity which inturn triggers a cash stampede by helpless NIGERIANs looking for cash in an economy where 40 percent still remain unbanked .

4.. Lies to the stampeding Nigerian that he has released enough money to banks when he has not which in turn pitches the masses against innocent bankers and the masses start getting aggressive against banks and at same time start a bank run which starts to hurt the banking industry.

5.. does not give bank enough time to scale the capacity of the the National electronic transaction switches being run by NIBBs so suddenly overnight demand for E- transaction grow by over 100 folds and the NIBBs capacity can't handle it smoothly leaving the entire system overwhelmed

6. And he is doing all this just weeks to a major National election.

7 . On Monday Bank workers are starting to withdraw their services which will deal more blows to the already weakened economy failed church rats like you are already struggling to survive in but since your brain is small you believe it's okay to suffer as long as Tinubu suffers 😅.. but in reality both has really affected Tinubu

Stop grieving more than the bereaved.

FarahAideed:
We told you Buhari will end up killing the banking industry..I pity those ing this nonsense policy ..Bankers are withdrawing their services 5 days to election ..okay ooooo

The bankers and greedy politicians sabotage the policy... Bankers and POS operators are the only people cashing out massively in the country

Don't blame buhari, blame banker and politicians for there greedy and selfishness

Kwanza:


https://leadership.ng/naira-swap-attacks-assbifi-orders-banks-staff-to-stay-at-home/?utm_source=&utm_medium=twitter

If the banks are shut or closed, this will further aggravate the cash squeeze situation across the nation.

Where are we going?

Savedday2:
Nigerians are very stubborn set of people!

You were given 3months notice to deposit your old note but, refused believing there most be extension of deadline.

If Buhari like, let him extend the deadline to the next 10years, some people will still wait for die minute.

Is only dull brains that doesn't know that El-rufai is fighting for his personal pocket.

The problem is scarcity of new notes. We can't find the notes anywhere. That is the problem. The CBN and Emiefele had no contingency plans to stop politicians from siphoning the new currencies.

Benin City go hear am

The non-inclusive ticket has generated a back-lash of reactions by the excluded but silent majority of Christians and traditionalists. The ground-swell of opposition to this by the general public has caused policy somersaults by the state in its bid to maintain a politically balanced polity. The tumult should be expected to continue till the right balance is achieved before or after the elections.

Curious345:
The Nigerian army have lots of ants.

They can take over the banks and continue dispensing cash to the public

I don't know if the Nigerian army like other armies of the world are filled with your father's children to fill up the Nigerian banks and provide money.

Lots of educated illiterate in the Nigerian landscape. You are surely one of them.

OlawaleBammie:


And where are the new note to replace the deposited notes??

Don't just talk because u want to talk, don't talk because u tink it's necessary, rather talk because u want to talk sense.

It's better you don't respond to some post honestly, some people are have tunnel vision, one way traffic.

Once banks close again the anarchy will begin proper.

When some of us kept saying this policy is pure nonsense, some kept ing nonsense now it's affecting everybody. Even the damned bank transfer they kept harping on is so messed up.

Even inter bank transfer is doing kalokalo.

They should make the new notes available, if they can't more trouble is looming, it's that simple.

I never heard about our super tailor husspupy tailor what is the situation report. Is he in the prison? Has he gone to USA to meet FBI? Has he been released? Or has he went underground? Please help a brother.

Savedday2:
Nigerians are very stubborn set of people!

You were given 3months notice to deposit your old note but, refused believing there most be extension of deadline.

If Buhari like, let him extend the deadline to the next 10years, some people will still wait for die minute.

Is only dull brains that doesn't know that El-rufai is fighting for his personal pocket.

You have spoken well but at the same time we are over 200 million population in Nigeria how can everybody deposit within that short time 🙂

Why is d deadline so close as if it's a do or die matter ...

Since 7years ago can't he use one year to implement it why now that he has just 3 months left in the office ??

victooman:
transfer kill u there, are u a fool? dont u live in this country or u just choose to be insensitive and stvpid,, why some of u no just get sense like this? try using ur ussd code or app and make just 10 different transactions let see the success rate

Who's this cockroach?
I won't blame you, but will blame social media instead.

You're even using USSD for payment, and may probably even be a student! That shows i shouldn't be arguing with you here over anything.

NoToPile:


It's better you don't respond to some post honestly, some people are have tunnel vision, one way traffic.

Once banks close again the anarchy will begin proper.

When some of us kept saying this policy is pure nonsense, some kept ing nonsense now it's affecting everybody. Even the damned bank transfer they kept harping on is so messed up.

Even inter bank transfer is doing kalokalo.

They should make the new notes available, if they can't more trouble is looming, it's that simple.

Bro just dey look, don't worry, people wey dey the nonsense would be the first to throw stone..just keep on watching sir

NoToPile:


It's better you don't respond to some post honestly, some people are have tunnel vision, one way traffic.

Once banks close again the anarchy will begin proper.

When some of us kept saying this policy is pure nonsense, some kept ing nonsense now it's affecting everybody. Even the damned bank transfer they kept harping on is so messed up.

Even inter bank transfer is doing kalokalo.

They should make the new notes available, if they can't more trouble is looming, it's that simple.

Normalcy would be restored after the election, if this neglible inconvenience is what it takes to curb vote buying and ensure free and fair election, then i do not mind.

Stop whining like a bitch.

Cbn should release their press reports on this posts by the senior bankers association of Nigeria.

This is not good for democracy especially for the coming election. The insinuation of interim govt may be a reality if care is not taken

ChybuzzDD:



I'm still trying very hard to understand why it is only the yoruba muslims that are killing themselves over this simple issue.

So, it is now you're ing that Buhari is a calamity after voting him in twice on religious and tribal grounds, despite our warnings?

Enjoy the ant-infested firewood you confidently fetched, you Tiefnubu's myrmidon and bigot.

It seems you are new to Nairaland. FarahAideed is an unrepentant Buhari critic since the beginning of time.

MXrep:

Only Tinubu is to be pitied here

It will be nice to see what you guys reactions will be when your mumu presidential candidate,Obi losses next Saturday's elections. You guys must be fooling yourselves if you think Obi stands any chance of wining next week's elections ! We only hope you will continue to this senseless monetary policy of Mr Buhari as you're all currently doing if the outcome of that elections doesn't favour your preferred candidate.

Savedday2:
Nigerians are very stubborn set of people!

You were given 3months notice to deposit your old note but, refused believing there most be extension of deadline.

If Buhari like, let him extend the deadline to the next 10years, some people will still wait for die minute.

Is only dull brains that doesn't know that El-rufai is fighting for his personal pocket.

Shutup that's not the issue...the money is not even available. That's the real problem!

teadrake:

Some quarters have argued that they want to install an interim government. I believe them with the recent happening. Sadly, the president doesn't care.

interim government is looming.
It is becoming crystal.
Whenever the presidency denies any rumor,know that it is the truth...
I don't trust Garba shehu .m

Aldol:

Why now,but this policy is only affecting Tinubu. Well even the shutting of banks will only affect Tinubu. So we move am happy with this development, let all the banks be shut nationwide

banks to be shut nationwide are you sure you're okay? Do you know what that means, anarchy😔😔

Let the banks close down if they want after all they are not useful this period.

See what Tinubu and his ers have coursed

Proudlyomonna:


It does not only affects him,it puts a check on his bullion van madness.
Bubu neva see any criminality wey that tinubu bullion van stunt.
Do your business with transfer,here in Mile12 the policy is changing the dynamisms of the market structure.
By the way if you need stable cash,locate Hausa POS operators,them dey collect #200 per 5k.
APC MUST GO FOR THEY ARE THE GREATEST DISASTER TO HIT THIS COUNTRY.
Obidiati is the way forward.

Anambra people suffered and wailed through out the 8 years of Obi tenure as governor, but now you want to impose him on Nigerians as president?

Savedday2:
Nigerians are very stubborn set of people!

You were given 3months notice to deposit your old note but, refused believing there most be extension of deadline.

If Buhari like, let him extend the deadline to the next 10years, some people will still wait for die minute.

Is only dull brains that doesn't know that El-rufai is fighting for his personal pocket.

This shows that you obviously are the one that isn't in tune with reality. The critical problem is not deposition of the old notes but printing enough of the new notes to meet the demands. How can someone withdraw over a trillion of old notes and pump in less than 50billion of new notes? If you understood economics you will know that such a situation in the presence of an unstable electronic banking system, especially those living in rural areas, is only calling for chaos. Even developed societies allow old and new notes coexist while they gradually phase out the old notes over several months. That way, you can effectively replace the old notes with an equivalent volume of new notes, without anyone feeling any adverse effects. And for those arguing in line with electronic banking, even in advanced countries like the US and UK where electronic transfers are so efficient, payments for services run paripasu with both electronic and cash payments. I lived there and I'm telling you how the system works in these places.
Mind you, according to impeccable sources, it would take the CBN up to a year to print the equivalent volume of new naira notes to replace the old ones. And yet the mumu you have as CBN governor wants to achieve same in one month.

MadarasBlade:


Normalcy would be restored after the election, if this neglible inconvenience is what it takes to curb vote buying and ensure free and fair election, then i do not mind.

Stop whining like a bitch.

How will this curb vote buying?
Vote buying just became cheaper, people expecting 5k before will gladly accept 1k or 2k of the new currency.
You people will only wake up to the negative sides of this policy after the election.