While Nigerians are busy going back and forth over whether the N5000 note should be introduced or not, fresh information has it that there are speculation that the controversial note might already have been printed abroad and shipped into the country, preparatory to distribution as early as January next year.



This is despite the fact that both the House of Representatives and the Senate are insisting that they are yet to give approval for the new note.

But the presidency has given its blessings to the introduction of the new note.

However, the Central Bank have come out to declare that what had been printed was just the design and not the original naira note which will come into effect in March 2013. Therefore, who saw the design said it was the yet to be introduced notes, which they claimed had been printed and imported waiting for authorization of its release and distribution. Also, some CBN officials who spoke on condition of anonymity said the notes had not been printed. One of them said: “Whatever anybody saw is the design of the proposed currency not the real currency.

“Before introducing any currency, you have to print a design copy for the monetary authorities to vet and look at the features to ensure they meet security specifications and every other feature in it,” he pointed out.

Post Reply

Posted: at 11-09-2012 06:31 PM (11 years ago) | Gistmaniac

Corruption Will Never End.

Posted: at 11-09-2012 06:59 PM (11 years ago) | Upcoming

its so good,
i like it

Posted: at 11-09-2012 07:12 PM (11 years ago) | Grande Master

[This one canta go quick full market ooo, na who and who they draw in there? i hope say no b my grandmother face i dey see there so....this one wey dem carry women full everywhere]

This one canta go quick full market ooo,
                  na who and who they draw in there? i hope say no b my grandmother face i dey see there so....this one wey dem carry women full everywhere

Posted: at 11-09-2012 07:27 PM (11 years ago) | Upcoming

Am nt surprise

Posted: at 11-09-2012 07:33 PM (11 years ago) | Addicted Hero

Headed for inflation   

Posted: at 11-09-2012 07:52 PM (11 years ago) | Hero

na dia way

Posted: at 11-09-2012 08:26 PM (11 years ago) | Addicted Hero

ok

Posted: at 11-09-2012 08:53 PM (11 years ago) | Hero

But honestly whats the difference between 50 naira note nd 5000 naira note.....all i need to do is just add 2 zeroes with black biro to the 50 note i have nd am good to go

Posted: at 11-09-2012 09:08 PM (11 years ago) | Newbie

Very bad idea, there goes super inflation in Naija.

Posted: at 11-09-2012 09:10 PM (11 years ago) | Gistmaniac

lawless country

Posted: at 11-09-2012 09:46 PM (11 years ago) | Hero

no

Posted: at 11-09-2012 10:03 PM (11 years ago) | Grande Master

its so good,
i like it

Too much for any alamajiri.

Posted: at 11-09-2012 10:16 PM (11 years ago) | Gistmaniac

its so good,
i like it

Posted: at 11-09-2012 11:10 PM (11 years ago) | Addicted Hero

i will personally sue CBN for putting my grand mother's picture in a note without my concept,

Posted: at 12-09-2012 12:04 AM (11 years ago) | Upcoming

Nigeria na country

Posted: at 12-09-2012 01:36 AM (11 years ago) | Gistmaniac

No, na continent......

Posted: at 12-09-2012 01:40 AM (11 years ago) | Hero

I don't like the 5000 idea sha

Posted: at 12-09-2012 01:45 AM (11 years ago) | Gistmaniac

[naijaology]

naijaology

Posted: at 12-09-2012 02:14 AM (11 years ago) | Hero

[since the day wey this forum turned to gistwomania every news here na so so fake,especially from Radio without wire and nahimtalklie.How can a radio function normally without wire]

since the day wey this forum turned to gistwomania every news here na so so fake,especially from Radio without wire and nahimtalklie.How can a radio function normally without wire

Posted: at 12-09-2012 02:21 AM (11 years ago) | Gistmaniac

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