October 29, 2022SaharaReporters had reported that Nigeria's apex Bank on Wednesday, announced its plan to redesign some naira notes – a decision that has so far received backlashes nationwide.
The CBN Governor, Godwin Emefiele, announced the plan in press conference and told journalists that the new design notes would be effective from December 2022. “We were not consulted,” she said. “It was an announcement that we heard. Part of the reasons that was advocated is that it is one of the ways to mop up the liquidity to manage inflation.
Reacting to the comment, CBN Spokesman Mr. Osita Nwanisobi, said expressed surprise at the minister’s claim, stressing that the CBN remains a very thorough institution.
Most people really do not understand that finance minister does not hold any jurisdiction on note printing. She can only be notified but her consent is absolutely not needed. Please refer to MoghaluKingsley post on this where he explained the process.
Useless government this how they mismanaged lives
He should be jailed too
Could it be true that Mr. President has bought the notion, that there are APC Moles in his government, working to bring Nigeria to its knees?. N770 - 🇳🇬 USD1 🇺🇸
Lol. No synergy. Confusing everywhere
Madam, it is not ill-timed, Bubu knows what he is doing. Some people he did not hold hat to hand over power to but pretend to support them will hear it. The Fulani is a master strategist. You can't ridicule him in different fora in public and even go against his choice candidate.
They all have 1 boss, why so much confusion in this country
Confusion in the land!
Na cash out exercise between Emefiele and Bubu.
Hope it's gonna strengthen the naira against the dollar 🙄
Why is she upset tho? All she does is mismanage the economy, that’s why we are in this mess.
Don’t mind her, b4 coming to the public can’t she ask her boss, her statement is an act of disrespect. She should be shown the exit door
Hahahaha buharigovtofzoo BiafraReferendumNow BiafraExit FreeMaziNnamdiKanuNow
Exactly! Tell the 🤡 to go and query her boyfriend. Her boyfriend approved it
That suffices
Abeg who complain about the previous design ..?
Finance minister is working for cabals.
Nnamdi Kanu's continued detention by the FGN is discriminatory and unconstitutional . In Nigeria,we have two sets of laws. One for those who consider themselves the owners of Nigeria and the other for those considered to be slaves and a conquered people. By mazi O.D.C
Apparently This Matter Is Above Your Pay Grade Ma’m 😅
Autopilot govt
Their reactions over the plausible exercise shows the existence of deep & extreme divergent interest groups in the Buhari government. As long as the interest of a group is affected all would come up with a fight. Banditry is sponsord. Kidnapping is sponsord. Bunkering is sponsord
The minister doesn't fall in chain of approving authorities/ prior notification only the head of state & three others
Do not be deceived Nigerians, this woman Zainab knew already what the new naira will look like. She is a fake finance minister, she is a fulani, they have already gave her hint. She is just deceiving u guys.
Criminals everywhere this time they will know that what goes around comes around
Smh... is it within Buhari jurisdiction to approve of currency modification without first intimating the finance minister? Na real wahh.. what if this Emefiele is the real Jubril from Sudan 🇸🇩?
You misadvised him or he misdirected you. Uneconomical venture for the falling Naira , Which Who pays for the loss. Calculate.
Dounces, a presidency in disarray. No cohesion, no coherence.
U mean such deal was done with out her knowledge?
Chinemerm4 Worthless Naria
Is she saying that the MBuhari that approved for the redesign of Naira notes is fake?🙄 Read in-between the lines, something fishy right there
All of u are theif
Waiting to see what they want to design, cause nothing good can come out of this government.
Dump country, like i regretted comi from this country. Is this suppose to be the focus right now?
Order Muhammadu Buhari Government. Muhammadu Buhari himself and this Minister with the CBN Governor nobody knows who's talking the truth with their own words like Lia Mohammed who lies always full he's mouth all the time
Exactly....
Notting again surprise me about this govt
what a government, speaking from different voices from his cabinets
Nah Bubu dey handle all the countries affairs himself... Wetin concern baba with ministers
So buhari, Ministry of Finance and Central Bank no fit harmonise?
Everyone is doing whatever they like in this Buhari administration. This is things are not going well in all agencies.
That's good to hear
You see these Fulani People? R.I.P Yar'adua. I wish you were here to see what your Fulani family have made of governance and management.
Buhari house of commotion...
Why wasn't the Minister of Finance informed for the sake harmony or synergy or even respect about the redesigning? The procedure administrative lacks synergy in my opinion.
This woman might get angry on this spite on her office . Eskis ma, pls get angry and spill things out for us to hear
Redesigning it won't increase its purchasing power!
Madam minister, please is this information correct?
Case closed!
Cbn is independent/autonomous and can make its own decision on its own. I don’t think the necessarily have to inform the finance ministry 🤷🏻♂️
Finance minister na thief
I thought we were living in a democratic era where only the president can't just make a decision without consulting his cabinet first.. LMFAO What a disaster 😂 called a Government
Will that affect the funds she’s stolen?
Unstructured government, 😂 the only structure they have is the structure of curruotion and nothing more
Bubu is now sure of his percentage in the deal .I come in peace ✌️
Everything MNK said about this useless bubu and his apc government is true hence the refused to let him go. MNK is not ordinary. Buhari release mazi Nnamdi kanu and let peace rein I this country. Malami swallow ur pride and except defeat.
The above mentioned man who approved the redesigning didn't know the contents of what he signed, anyone who want to know how i know should as the director of our National intelligence Agency weh leaked a document where they tell am make he stop signing wetin he no know,
Abi she thief money keep too 😂
SGT TRYJu SAW GAF STFju A staY eaR q W AT&T ETAT S2
It's very bad and distasteful, how can Emefiele the CBN Governor by-paass the Finance Minister & deal straight to the President why. Is CBN not a Parastata under the Ministry of Finance or is CBN owned by an individual? Emefiele is arrogant with his work as a Civil Servant.
If there s mutual relationships between the 2 this won't come out
The right hand doesn't know what the left hand is doing🤣🤣 I belong to everybody and belong to nobody🤣What a government!
I doubt if Buhari knew what he was approving because he will soon say he is not aware.
This is the worst and most uncoordinated government I have ever seen to have ruled our nation Nigeria. The bad thing is that they are not ashamed to spread their duty mouth outside. Tyfiakwa APC. May this affliction never arise again in Nigeria in Jesus name.
Can someone please help me ask Central Bank abi Godwin Emefi-ole; Which Buhari exactly?
So what is the job of a finance minister? How can you tell a lame man that the finance minister wasn't told or informed about the new naira notes? Isn't the finance minister supposed to be told first before the president? It's actually quite embarrassing for her!!!
So in fact they circumvented this woman.
Everything gos in the Zoological Repoblic of Nigeria, Sorry is not Buhari stop deciving your self, is Jubril of Sudan, Untill Terrorist Miyetti Allah take over someday you will all cry and belive, Cus by then they will tell you all that Buhari inpostur is know we're to be found?
It's a bit of an irony that this same 'top rate central Bank' has over the past 8 years ineptly watched as the Naira tumbled in value to its current state of near junk legal tender.
This is a must read 📚
Una for tell her nau so her own cash won't spoil in her hand.
That should not be the call the executive arm
Dis is to tell you those fulani terrorists in government are in charge to activate their agendas. Buhari is demented as stated by his wife. Ngr is a fail state. PVC or 2023 isn’t d way out. Join hands in d peaceful break up of Ngr to save lives and avoidance of military coup.
The finance ministry as well as the National Assembly ought to be in the know..This is how rudderless this government handles what should be critical policies in most sectors.
This gross incompetent regime with stvpid & deliberate Corupt practices exonerate this Zainaab for future reference
This shows that nobody is in charge,but a bunch of gangsters.
Here we goes ✍️ the drama will continue. I don't know who this people is trying to fool in this country 😡 we are wiser now APC thieves. So make Una woke up please
Bcos Meffy is on desk working on his monetary policies solutions but you are there in your fiscal economics policies dribbling yourself in blame games, so if I may ask where's yours that they did not approve, I beg park well Joo
Of course we know that Naira redesign is a Buhari project. He tried to force money back into banks before and today in the twilight of his administration he has remembered to try the same thing.
This people should stop embarrassing us abeg. How the presidency approved redesigning of some currencies to CBN without the knowledge of finance ministry 🤦🏽♂️ 👎🏽bunch of jokers
Anyone who's palm hand was cut, will always remember who did it whenever they are washing their hands, PDP&APC has cut the palm hands of its citizens so don't expect them to forget, That's why we all supporting Peter Obi to heal the broken Nigeria&Nigerians. Vote for Peter Obi
Expect Buhari picture on the currency🤣🤣...Emefele is a clown
In a plain language, it's Buhari project as he did in 80s
Na Buhari style since military rule
Akpan, They are fighting because of the share...
Please what happened to the Enaira?
Hahriyikeh Confusion
This is the way this government handles our lives. They handle our lives in a confused manner. Imagine the CBN taking a major decision without the knowledge of the finance ministry. How can? How can?
Welcome to naija. Where those in government are not aware of the happenings in government 😁
Nigeria my country
Disorganised government smh
So the finance minister isn't aware....wow we have a president that acts as minister of petroleum,Finance minister and so much more were going to find out later ...
redesigning naira is not the problem of nigeria i wonder how much day will spend on that redesigning 😏😏
EndNigeriaNowToSaveLives YorubaNationNow BiafraNationNow is the only solution, don’t be deceived by these jokers, they are playing games and you people are falling. Change in Note is part of the agenda. Wake up support Self-determination now.
So Buhari is now the finance minister to know if we can afford print new notes at this perilous time?
🤓😄🌝 The caliphate is beaten this time around.
How much will it take to redesign these monies ?, we probably spend more money to redesign worthless monies. I think the man just signs any paper presented to him, especially the one that will take Nigerians backwards . It is very unfortunate
Yes, she knows but she is also saying both of you (CBN and the president) are mad 😎
Dis administration is a colossal failure..
See how this wicked party is playing with the lives of over 200M Nigerians. What exactly is wrong with OfficialAPCNg.
Are we Confusing ourselves
Why is she panicking 🙄
This criminal here has a problem with this, then it means it will affect a lot of them
Rephrased: All Ministries Head are puppets and mere figureheads, their education and whatever they think they know or can do are worthless. They just follow orders, brilliant or nim-witted. Why we are where we are now as a country 😢
At a moment when the country is in shamble all the could think of is to redesign naira, another avenue for them to loot more money, no rescue team(s) for flood victims, hundreds are still in kidnappers den, in debt of trillions… what a shame
Nigeria is like India movie!
E be like say between CBN governor and madam, one person don take expired KUSH. More stories will soon unfold itself on this saga...one person wants loot without sharing with the other. I guess.
What a government of conundrum. Don't reward failure by voting APC or PDP again.
cenbank we hope you are nt trying 2 reintroduce Arabic to 100Naira? We are nt Arabs! We are Africans! We are Nigerian tribes! SayNoToNairaArabication EUinNigeria Naija_PR Gidi_Traffic WorldBank nassnigeria bustopsng EiENigeria OsunPolitics BBCAfrica
Why won't he?
Government of the confused, for the confused and by the confused. Shameless people indeed!
Same of same in the same govt and one person said that he will continue this legacy. Huh
In Fela’s voice: Animal talk don start again. They will use over a trillion naira to redesign the naira. 😂😂
They want to enscript more arabic language on the notes?. This islamization dey hungry them badly
So Finance Minister doesn't know abi?😂
This is called Fedaral blunder. It’s indeed fail administration and governance.
“Ma, go & talk to you oga - no chat to me.” 🥹 Emefiele is something else entirely, I swear
Are you for real ? So finance isn’t in support of redesigning of Nigeria Naira notes ?, like seriously?
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