olisaEze:
They’re all citing "the suffering of the masses" as an excuse to shift the deadline for new Naira notes till after the elections, but don’t remember the suffering of the same masses as a result of acute fuel shortages since last year! Rubber stamp assembly.

Maazieze:


I believe its a legitimate concern, if the rural cant access bank for transfer we will see a lot of people all of a sudden be dropped into poverty.

I understand the new naira policy was created to curb corruption and vote buying but its a move that can have unwanted side effects.

Maazieze:


I believe its a legitimate concern, if the rural cant access bank for transfer we will see a lot of people all of a sudden be dropped into poverty.

I understand the new naira policy was created to curb corruption and vote buying but its a move that can have unwanted side effects.

Maazieze:


I believe its a legitimate concern, if the rural cant access bank for transfer we will see a lot of people all of a sudden be dropped into poverty.

I understand the new naira policy was created to curb corruption and vote buying but its a move that can have unwanted side effects.

MizCharm:
A few hours ago, the members of the nigerian senate sat and passed a resolution to extend the collection of old naira notes by the Central Bank. The end date for the collection of old naira notes by banks had originally been set for the 31st of January 2023. But as the deadline draws near, the new naira notes seem not readily available, even as politicians are busy trying all they can to get access to large amounts of the new notes for election rigging purposes.
Atiku, the presidential candidate for the PDP has also come out with an emotional appeal to the Cental Bank governor to extend the deadline, citing the concern for suffering nigerians as a reason. It is of note that his VP, Okowa had earlier today recieved the go ahead from the delta state house of assembly to borrow trillions of naira, even while currently indebted and owing civil servants in the state.

It remains to be seen whether this resolution by the senate will sway the CBN governor, Emefiele and his boss, Buhari into doing what the politicians want.

#NewsbyMizCharm

olisaEze:


Rural areas are regarded as abodes of superstition, poverty, lethargy, low income and low productivity. No one is dropping into poverty there, they’re already poor! The stockpiling of cash is not a practice of rural dwellers either, but the political class in the urban centers who are crying now because they’re the ones mostly affected by the policy. The pros far outweigh the cons if it’ll at the very least help to ensure credible elections in the coming polls.

Moh247:
Emefiele is not bigger than Nigerian National Assembly

KingsCity:


We rule of law

The CBN doesn’t take instructions from the Senate

Moh247:
Emefiele is not bigger than Nigerian National Assembly

Hoelujohn:

Keep spending your old money till December. Una go learn. Boko Haram and Kidnapping has reduced drastically already

Maazieze:


I believe its a legitimate concern, if the rural cant access bank for transfer we will see a lot of people all of a sudden be dropped into poverty.

I understand the new naira policy was created to curb corruption and vote buying but its a move that can have unwanted side effects.

Maazieze:


I believe its a legitimate concern, if the rural cant access bank for transfer we will see a lot of people all of a sudden be dropped into poverty.

I understand the new naira policy was created to curb corruption and vote buying but its a move that can have unwanted side effects.

Moh247:
Emefiele is not bigger than Nigerian National Assembly

bdon123:

Oga d rural people had over a month to return this money.Wat most do in rural communities is to gather money n giv d their chief to take to bank n return new notes.by d way i do support a slight xtension of 1 week as i realised Nigerians like doing tins at last minute.

bdon123:

Oga d rural people had over a month to return this money.Wat most do in rural communities is to gather money n giv d their chief to take to bank n return new notes.by d way i do support a slight xtension of 1 week as i realised Nigerians like doing tins at last minute.

It remains to be seen whether this resolution by the senate will sway the CBN governor, Emefiele and his boss, Buhari into doing what the politicians want.

Fake news
They are wasting their time
Senate doesn't have the power to override such monetary policy.
Buhari decision is final
Nigeria Senate that has never sat to meet in the mid night, all of a sudden met in the middle of the night to sit because their relection bid is being thwarted over the Naira redesign