Tomorrow, Wednesday, the Supreme Court will make the final decision regarding the continuation of accepting old money or otherwise. On...
Tomorrow, Wednesday, the Supreme Court will make the final decision regarding the continuation of accepting old money or otherwise.
One of the three things that can happen tomorrow in the court;
First of all, the court ruled that the CBN and the Banks should continue to accept the old money and continue to mix it with the community until the time they expire. This decision can happen considering how many governors have raised their awareness that it is necessary to continue receiving the old money to buy the votes of the poor people with the old money in the next election.
Second, although the court ruled that the CBN and the Banks should extend some days so that anyone who has the old money can take it to the Bank, the money will not be exchanged among the people.
Thirdly, the court ruled that the CBN and the Banks should stop accepting the old money, which will cause serious losses, especially to the politicians and the market people who still hide the old money, some with the intention of distributing it during elections and others to avoid falling. the cost of living for lack of new funds.
Since Monday, many banks in Nigeria have stopped accepting old money because they say the CBN has not notified them to continue accepting.
Now the owners of the old money are going to the banks where the old money is being collected and they are returning it. behind.