“My own brother!” “What’s up men? Have you gone to deposit all the N200, N500, N1,000 notes that you have at home in the banks so you can exchange them for new notes by the deadline of January 31.” “What is my business with depositing old notes in the banks? I don’t keep money at […]
“What’s up men? Have you gone to deposit all the N200, N500, N1,000 notes that you have at home in the banks so you can exchange them for new notes by the deadline of January 31.”
“Listen to yourself. They just want N3.7 trillion brought back into the banking system. They are not looking for people who are likely to faint if they see a billion Naira cash. Did you not hear the President? He said the people they are looking for are people with illicit money. Those people who hide money inside overhead water tanks, in cemeteries and other corner-corner places. The people who speak in billions, and who cannot take their money to the banks.
“The country’s national currency is a matter of national security. It is not everything that you tell everybody before you take action. In this country, people are always looking for a way to cheat and game the system. If you disclose your plans, they can share with others and before you know it, your proposals will die even before they become policy.”
“But people have a right to express opinions about something that can affect their lives. Things like cost, effect on the Naira and the foreign exchange and why now? Because of politics, government is redesigning Naira notes close to Christmas and election?” “I believe that is a legitimate thing to worry about. But you know your country. People will wait till the last minute before they begin to act. I think the CBN needs to do a lot more to enlighten the people. The deadline of January 31can still stand, then after the election, government can announce an extension. That is the way I see it.”
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