Mixed reactions are coming from Nigerians, as the Central Bank of Nigeria (CBN) finally bows to the Supreme Court ruling on the legality of the old ₦500 and ₦1,000 Naira notes.
Nigerians are angry with the Government and the CBN, for putting them through the hardship of a tight fiscal policy without remorse.
Why now? After many lives have been lost and property destroyed, many Nigerians ask in outrage.
At this point, Nigerians are confused.
Is it because the rigging of election through BVAS failed? Hence, they have decided to fall back to vote buying?
What game are the Nigerian Government, CBN and Supreme Court playing?
You would have thought that the alignment of the CBN behind the Supreme Court would mean jubilation for Nigerians. But that is not the case.
Many can’t celebrate the approval of the CBN to continue the use of the old notes because there are numerous questions unanswered.
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More Confusion
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.
Why did Buhari wait that long before speaking?
What happened behind closed doors, off the ears and eyes of Nigerians?
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It beats imagination to know that the CBN waited till night to release a document, in which it aligned with the Supreme Court.
The alignment was decided at a meeting on Sunday.
On Monday night, the CBN spokesperson, Isa Abdulmumin, said the old notes remain legal tender until December 31, 2023.
See Reactions To This CBN Decision
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?”
