BBC Pidgin of Saturday, 28 January 2023
Source: BBC
Nigeria President say di target of di new CBN policy on di redesigned naira notes no be di common pipo but na for pipo wey dey use money do magomago.
E say di policy become necessary to prevent fake money, corruption and terrorist funding.
Di president tok dis one as e dey react to di reports of long queues as pipo dey wait for hours to deposit old notes and get new ones, wey don trigger public anger and opposition criticism.
“President Buhari tok say dem be aim di currency changes at pipo wey dey store illicit funds and no be di common man, plus e don become necessary to prevent counterfeits, corruption, and terrorist funding. Dis, e assure go stabilize and strengthen di economy.
“As e consider say di poorest section of society dey face hardship as dem dey often keep hard cash for house for various expenses, President Buhari give strong assurances say goment no go leave dem to dia own fate” e tok
Di Nigeria leader say di CBN and all commercial banks don start some initiatives wey go speed up di distribution of di new notes and dem go do everytin necessary to stop cash squeeze and chaos.
'No going back on 31 January deadline'
Di Central Bank of Nigeria say no going back on di 31 January 2023 deadline wey di apex bank give kontri pipo to return di old 200, 500 and 1000 naira new notes.
Di CBN govnor Godwin Emefiele wey give dis informate say despite reports wey dey ground say pipo no fit access di new notes plus say some no fit deposit di old notes, di apex bank say dem no go still extend di date as dem give pipo enough time to deposit di old notes.
“I no get good news for pipo wey say make we shift di deadline, my apologies. Di reason na say 100 days dey enough for anybody wey get di old currency to deposit am for banks and we take every measure to ensure say banks dey opened to receive di old notes, even on weekends, e tok.”
Oga Emefiele say dem no see reason to begin to tok about a shift because pipo no fit deposit dia money for banks.
Deadline for the return of old series of 200, 500 and 1000 naira notes remains January 31 2023. pic.twitter.com/ngHiXeHfNk
— Central Bank of Nigeria (@cenbank) January 28, 2023
My position on the CBN January 31st deadline on the new Naria notes. -AA https://t.co/FP3me2VLjZ
— Atiku Abubakar (@atiku) January 28, 2023
I do not understand the CBN's obssession with limiting the flow of cash AT THE EXPENSE OF PUBLIC COMFORT.
You cannot solve one problem while simultaneously creating five others. Nobody earning an honest livelihood deserves to suffer for access to their money!
— 'Fisayo Soyombo (@fisayosoyombo) January 28, 2023
POS agents are charging 5-10% for withdrawal leading to Overcrowding at ATMs.. while some ATM are out of fund.
3 days to the deadline, the new currency is still nowhere to be found and there’s also scarcity of Old currency.
Afulo oku, afulo Elijah! pic.twitter.com/rmCr2kJ6kX
— Chudé (@chude__) January 28, 2023
January 28 and some ATM’s are still vomiting old notes. If this is what will make Nigeria to experience a credible #Elections2023 without VOTE buying we are all in for it. #CBNGOVERNOR @GodwinIEmefiele what so ever the CBN is cooking, let it be against vote buyers