March 3, 2023

NIGERIA: Currency Redesigned To Curb Money Laundering. BUT Not Enough Cash Was Printed Causing Cash Shortage. Central Bank FORCED Cashless System. Supreme Court Just Overturned.

We need to pay attention to what happened in Nigeria concerning their financial system. Why? Because this was a test to see how the people would respond. Thank goodness for Nigerians the government was sued and thank goodness for Nigerians the Supreme Court ruled that the government's actions were UNCONSTITUTIONAL. However, as you can hear in the interviews below, they still plan on pursuing a 100% digital currency, cashless society starting next year. The psycho sadistic NWO globalists have the same thing planned for all nations. Imagine banks not letting you withdraw any of your money in cash or even to process debit transactions. How would you react? Are you prepared for such an unthinkable experience that would feel like a nightmare? It was scary watching what the Nigerian people were going through last month when they had no access to their own money they needed to SURVIVE.(emphasis mine)
Feb 2, 2023: Nigeria sees cash shortage amid push for redesigned currency. Nigeria's push to replace its paper money with newly designed currency notes has created a shortage of cash, leaving people unable to buy what they need and forcing businesses to close across the West African nation, experts and business groups said.
TVC News Nigeria published February 9, 2023: Maiduguri Residents Cry for Help Over Scarcity of Cash. The pressure and chaos of the naira scarcity in the country increases, residents of Maiduguri the Borno State Capital say they have become cash-strapped due to the challenge of accessing cash from their accounts. They say life is becoming unbearable for the ordinary nigerian on the street.
BBC News Africa published February 19, 2023:Nigeria's naira shortage: Why are Nigerians protesting?

In recent weeks, many Nigerians have been left without cash to pay for vital items, due to shortages of newly designed naira banknotes.

As a result, violent protests broke out in several areas. In a bid to calm tensions, President Muhammadu Buhari announced that one of the three banknotes being phased out will be reintroduced into circulation.

Nigeria’s Central Bank launched newly designed 200, 500 and 1000 naira bank notes last November, aimed at curbing soaring inflation, cash hoarding and counterfeiting.

Why is there a shortage of naira banknotes and why are Nigerians protesting?

The BBC’s Nkechi Ogbonna explains.
written by Nkechi Ogbonna in Lagos & Chris Ewokor in Abuja
Wednesday February 15, 2023

Angry protests have broken out in some Nigerian towns and cities as people struggle to get hold of new banknotes.

Frustration has been building for weeks after a shortage of the newly designed naira notes led to a lack of cash.

Some customers in southern Nigeria's Warri and Benin City reportedly set fire to two commercial banks.

Nigerians have faced long queues at cash machines with some sleeping outside banks to try and be first in line to get some money.

People say they have been forced to skip meals and work without cash to pay for food or transport to their jobs.

Some banks were broken into while protesters looted their cash machines. In Benin City, customers attempted to invade the Central Bank of Nigeria's (CBN) local offices but security officers fired tear gas at them.

The CBN said it redesigned the higher denomination notes - 200, 500 and 1,000 naira - to replace the dirty cash in circulation, tackle inflation, curb counterfeiting and promote a cashless society.

Nigerians were told last October about the change and were encouraged to deposit any cash savings in the bank.

But not enough of the new notes have been released in a country where cash is still widely used. An estimated 40% of the population do not have access to bank accounts.

Protesters in Ibadan blocked roads while crowds have attacked Central Bank offices and other commercial banks in anger at not being able to withdraw their savings. Footage gathered by BBC Yoruba and circulating over social media shows protesters expressing their frustrations.

It comes just 10 days before elections in the country - President Muhammadu Buhari is facing calls to take action to avoid losing votes for the ruling All Progressives Congress.

The bank had issued a 10 February deadline for the old notes to cease being legal tender, but the Supreme Court stopped it as a result of a legal challenge from 10 states.

The case was due to resume on Wednesday but has been delayed until next week, just three days before the elections.
TVC News Nigeria published March 3, 2023: BREAKING: Supreme Court Says Old Naira Notes Remain Legal Tender Till December 31st, 2023. The Supreme Court ruled that Old Naira Notes Remain Legal Tender Till December 31st, 2023.
TVC News Nigeria published March 3, 2023: Lagos Residents Laud Supreme Court Judgement. And just few hours after the supreme court ruling on the naira redesign policy, some residents in Lagos are commending the apex court order. While many heaved a sigh of relief following the untold hardship the scarcity of the old and new notes have caused them, others are asking the federal government to adhere to the court ruling. But with all that in mind, it is now uncertain how soon the Central Bank of Nigeria will order banks to resume dispensing the old notes.

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