Mixed reactions trails as the Central Bank of Nigeria, CBN, bows to the supreme court ruling on the usage of old ₦500 and ₦1000 Naira Notes.
Why now? After many lives have been lost, many Nigerians could not help but wonder.
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The CBN released a statement hours after President Buhari denied ordering Godwin Emefiele, or the Attorney-General, Malami, to disobey the apex court’s ruling.
The CBN spokesperson, Isa Abdulmumin, on Monday, says the old notes remain legal tender until December 31, 2023.
See what some Nigerians are saying about the new development:
w.u.r.a.h: “After people have lost their lives?? Turning Nigerians left and right??..Omo EFIEMELE your mind no go touch ground!!!”
j_a_f_alpha: “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: “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: “A very clueless government, What did they even gain in this?”
tonianulia: “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: “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: “They just suffered people for no just cause. Making impossible policies”
ms_dera: “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: “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: “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?”