Nigerians React As CBN Orders Banks To Accept Old N500, N1000 Naira Notes

Date: 14-03-2023 12:03 pm (11 months ago) | Author: Bayo Nelson
- at 14-03-2023 12:03 PM (11 months ago)
(m)

Nigerians have reacted after the Central Bank of Nigeria finally bowed to Supreme Court order stating that old N500 and N1000 Naira notes are still legal tender. Recall that the CBN had released a statement saying the old notes are still legal tender hours after President Muhammadu Buhari insisted that he did not order the CBN Governor, Godwin Emefiele, or the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, to disobey the apex court’s ruling. The CBN spokesperson, Isa Abdulmumin, in a statement released on Monday, insisted that the old notes remain legal tender until December 31, 2023.
 
Prior to the decision of the federal government and CBN, many Nigerians have experienced difficulties in accessing the Naira notes and some also lost their lives in the wake of the Naira crisis.

See what some Nigerians are saying about the new development:
 
Quote
w.u.r.a.h wrote: “After people have lost their lives?? Turning Nigerians left and right??..Omo EFIEMELE your mind no go touch ground!!!”
 
j_a_f_alpha wrote: “They have realized that rigging by not uploading results in real-time like they did in the presidential election won’t work again so now it’s massive vote buying and violence they are setting up for”
 
nosa__ason wrote: “This has been their plan. They’re all in it together. Watch how they’ll remove the newly designed substandard currency from circulation, and revert back to the old ones. They never really wanted to change the currency design in the first place.”
 
iam_bmodel wrote: “A very clueless government, What did they even gain in this?”
 
tonianulia wrote: “But banks aren’t collecting the old notes if you go back to deposit it they will ask you for CBN code if you don’t have they won’t collect it. Because the note bank is giving out wasn’t despense by CBN so where did they get the old note from ? CBN claim to have burn all the old note . This country tire person honestly mitcheew”
 
officialmeri_madeinheaven wrote: “So why did they ever stress us ? What was the entire mission? What kind of a country are we living in. Who just deliberately stressing their citizens SMH”
 
chicky4j wrote: “They just suffered people for no just cause. Making impossible policies”
 
ms_dera wrote: “Talk about a country that has no regard for its citizens you’ll see Nigeria there. People lost their lives because of this madness. Some people missed out on certain businesses because of this fiasco. People spent days in endless queues to get their own hard earned money! All of a sudden CBN is now announcing that old notes remain a legal till December 31st! Who will be held accountable for this?”
 
dr_omomurewa wrote: “The way God will punish Elemiewele Ehn Just made the populace suffer for nothing. What economic impact has this strategy had other than negative? The $ hasn’t gone down nah”
 
pweetie_ik wrote: “We just cherish suffering each other in this country? What was the essence of Naira redesigning in the first instance? what has Buhari and Emefiele achieved?”


Posted: at 14-03-2023 12:03 PM (11 months ago) | Addicted Hero
- Allsense at 14-03-2023 01:37 PM (11 months ago)
(m)
I just pity those that died for nothing cos of all these....
Posted: at 14-03-2023 01:37 PM (11 months ago) | Gistmaniac
Reply
- kp45 at 14-03-2023 02:03 PM (11 months ago)
Online (m)
What a country
Posted: at 14-03-2023 02:03 PM (11 months ago) | Addicted Hero
Reply

fire TRENDING GISTS fire

TODAY'S TOP
  1. “You Have The Power To Decide The Fate Of Your Husbands’ Side Chics” – Ifu Ennada

  2. Singer, Portable Lists Conditions For Collaboration, Part Of Which is Licking His Foot (Video)

  3. American Rapper, Rick Ross Declares Burna Boy as The Best African Artist Of All Time (VID)

  4. SHOCKING! Two Lovers, Kenneth & Nicky Found Dead in Their Apartment in Edo

  5. Veteran Actor, Jide Kosoko Postpones His 70th Birthday Party Over Current Hardship

  6. Navy Arrests Thirteen Suspected Crude Oil Thieves In Nigerian Waters

  7. “Use Kidney Given To You To Rest” – Eedris Abdulkareem Faces Backlash Over Diss Track

  8. "No Bribery, Just Investment, Report Anyone To Me" - President Tinubu Tells Qatari Investors

  9. Angry Mob Lynches Two Police Officers For Crushing Three To Death In Edo

  10. Massive Fire Destroys 50 Acres Of Palm Trees, Pineapples Worth ₦150m In Osun State

  11. "Why I Quit Smoking Weed" – Renowned Nigerian Singer. Bella Shmurda


THIS WEEK
  1. Veteran Nollywood Actor, John Okafor Popularly Known As Mr. Ibu Is Dead

  2. "I Found Out He Was 51 On Our Wedding Day After Telling Me He Was 38" – Mr Ibu’s Daughter

  3. The Real Cause Of Nollywood Legend, Mr. Ibu's Death Revealed

  4. Ogun Serial Ritualist, Adebayo Azeez Reveals How He Gets His Victims From A Dating App (Video)

  5. Kizz Daniel Shows Off His Beautiful Wife As He Teases With New Music “Showa” (Video)

  6. "Late Herbert Wigwe Built State-Of-Art Private Tomb Before Death Struck" – Source Reveals

  7. Video of Late Sisi Quadri Complaining Bitterly About His Health in a Hospital Surfaces Online

  8. “I Want To Die” James Brown’s Sister Gracious Brown Laments Bitterly

  9. Smuggling Kingpin, Ibrahim Dende Threatens To Kill Customs Officer For Seizing His Goods (Video

  10. VIDEO: Police Parade Fleeing Female Anambra Lawyer Who Brutalized Maid With Hot Knife


TOP MEMBERS: