Wednesday, 22 May 2013
N5000 Note: Don’t Disgrace Me, Jonathan Begs Mark, Tambuwal
At a meeting Tuesday night, President Goodluck Jonathan begged Senate President, David Mark, and Speaker of the House of Representatives, Aminu Tambuwal, not to disgrace him over the controversial plan to introduce a denomination of 5000 naira.
A source in the Presidency and other sources close to Mr. Mark and Mr. Tambuwal told SaharaReporters that the president made the plea during a meeting with the legislative duo shortly after the two chambers of the legislature passed resolutions demanding that Mr. Jonathan rescind the authorization he gave to Sanusi Lamido Sanusi, the Governor of Central Bank, to print N5,000 note.
The president reportedly granted the approval five months ago without the knowledge of lawmakers.
One of our sources said that the president felt that, should he retreat now, he would be perceived as weak and easily intimidated by members of the National Assembly and Nigerians opposed to the introduction of the naira denomination. The policy has been roundly criticized by many Nigerian groups, including labor activists, church leaders, and economists.
A source familiar with the meeting told SaharaReporters that Mr. Jonathan cajoled Mr. Mark and Mr. Tambuwal. “He kept saying to the Senate President and Speaker that he felt he was being dictated to. He kept saying that the National Assembly and some Nigerians were out to intimidate him. Then he looked at them [Mr. Mark and Mr. Tambuwal] and said, ‘Please, please, don’t disgrace me.’”
Mr. Jonathan specifically asked the legislative officials to ensure that the two chambers withdraw their motions on the issue.
A source close to Mr. Mark told SaharaReporters that the two legislators showed little sympathy to the president’s pleas. “They [Senate President and the Speaker] told President Jonathan that they were in a better position to tell him about the feelings of Nigerians towards the policy,” said the source.
He added that the legislators counseled Mr. Jonathan to abandon his support for the proposed currency denomination so as not to risk more battering to his image. “They told Mr. President to act without delay in putting a halt to the plan,” the source said.
Pres Jonathan is sounding
Pres Jonathan is sounding like a complexed person. What is disgrace in accepting the overwhelming opinion of the same people who put you in power? It's like a son considering bowing to his father's wish a disgrace! What's going on here?
@ nagodi," zombie way na one way ojoarajooo"
@ nagodi, zombie way na one way ojoarajooo, (RIP Fela). You said “ask Zimbabwe,” How about ask Ghana? N5000 note is nothing but an illusion. It will not stop the free fall of naira. What will stop the free fall of naira is a good economy that creates jobs. If you print N5000 note now, trust me, you will print a N10000 note down the road because, nobody has a plan on how to grow the economy and creates jobs. All they think is the rent oil money which will be siphoned to abroad and spent on sweat shops in China, UK, USA, Canada, Germany etc. thus, creating jobs for those serious countries. We should look at Ghana, is my take.
Once you start increasing the
Once you start increasing the value of any currency to larger notes, you automatically decrease the buying power and worth of that countries currency. Instead of Jonathan to admit that he made a mistake and back down , he wants to stand his ground at all cost. He is there to serve the needs of his people not his own selfish ego. He already looks weak and spineless, he should get some back bone and do whats right and represent the people who voted him into power.
HE IS NOT WEAK BUT UNPOPULAR
Mr. jonathan should not think that he will perceived as weak. Nigerians are only telling him to be a leader and not a ruler. His Govt. should listen to popular opinion not arrogant decisions.
"And we will deal with you"
Hahahahahahahahahaha "and we will deal with you" that is the tone of a good Nigerian ruler.So there is still part 2 to what you guys are currently doing to us.
N5000 IS A DIVERSION!
"Ha! Ha! Ha! Big deal!! Its part of politics, horsetrading. So what? I think people are making a big deal about this 5,000 note crap. All of a sudden David Mark and Tambulwal are great statemen. Who is fooling who?"
ITS ALL GRANSTANDING TJOHNSON, IF NIGERIANS REFUSE TO ACCEPT THE NEW DENOMINATION THEN IT WILL ONLY HASTEN THE DEMISE OF THE NAIRA. THE CBN AND THE GOVT ARE FORCED TO MAKE THE CHANGE. THEY CAN PRINT AS MUCH MONEY AS THEY WANT IF IT IS ABOUT CONTRACT FOR PRINTING. THEY HAVE NO OPTION IN FACT. THE KEY TO UNDERSTANDING THE GOVT PREDICAMENT IS TO REALISE THAT THEY ARE NOT PROPOSING A 5000 NOTE AS AN ADDITION TO THE EXISTING CURRENCY, BUT THEY ARE CONVERTING EXPENSIVE PAPER (OR PLASTIC) MONEY TO CHEAP COINS. THE COINAGE IS THE KEY, THE 5000 IS A DIVERSION. THEY SHOULD HAVE ADDED 2000 THEN 5000 IF IT IS ABOUT HIGHER DENOMINATION. WHEN CURRENCY VALUE DEPRECIATES, HIGHER DENOMINATIONS BECOME NECESSARY, ASK ZIMBABWE!
HIGHER DENOMINATIONS ARE NECESSARY
THE NEW PLASTIC NOTES ARE SUPPOSED TO BE CHEAP BUT BECAUSE OF THE MASSIVE CORRUPTION INVOLVED IN THEIR MANUFACTURE THEY ARE NOT CHEAP. IN NOV LAST YEAR AT THE HEAT OF THE FUEL PRICE HIKE DEBATE I SAID THAT IF PRICE OF FUEL GOES UP, PRICES OF EVERY OTHER THING WILL FOLLOW UP AND THE NAIRA WILL SINK. IT HAS HAPPENNED AND NOW IT COST CBN MORE THAN 50 NAIRA TO PRINT A 50 NAIRA NOTE. NIGERIANS WILL HAVE TO ACCEPT THE REALITY OF A DEVALUED CURRENCY. THE BALANCE CBN WILL HAVE TO PAY FOR THE NOTES CAN ONLY WORSEN THE VALUE OF THE NAIRA. IF CBN PAYS 55 NAIRA FOR A 50 NAIRA NOTE THEN THE ACTUAL VALUE OF THE NOTE IS 45 NAIRA. IT JUST DOESNT MAKE SENSE. WHAT I AM SAYING IS THAT 5000 NAIRA WAS INTRODUCED BACK IN JANUARY WITH THE HIKE IN FUEL PRICE. NIGERIANS WILL ONLY HELP THEMSELVE (NOT THE PRESIDENT) IF THEY ACCEPT THE NEW CURRENCY PROPOSAL. IT IS NOT THE HIGHER DENOMINATIONS THAT CAUSE THE DEVALUATION, IT IS THE DEVALUATION THAT MAKES THE HIGHER DENOMINATIONS NECESSARY. C'MON SENSE!
More concerned about his nonexistent/empty ego
Here the clown goes again,more concerned about his nonexistent/empty ego,than doing the right thing that is good for the nation.The earlier we get rid of this clown from that seat of power the better for us.Just listen to him,"the president felt that, should he retreat now, he would be perceived as weak and easily intimidated by members of the National Assembly and Nigerians opposed to the introduction of the naira denomination"...he would be perceived as weak and easily intimidated.....Ewu,nama.While other presidents are building their strength through noble ideas good for their nation,this one wants to do so through an idea that even a child in Kindergarten knows is arrant nonsense. I don't know when this drama(Jonathan presidency) will end,he is such a disgrace to the South South,a product of another moron,Obasanjo.
WEAK!!!?
"One of our sources said that the president felt that, should he retreat now, he would be perceived as weak and easily intimidated by members of the National Assembly and Nigerians opposed to the introduction of the naira denomination."
SO THERE IS A NIGERIAN ALIVE TODAY THAT THINKS JONATHAN IS STRONG?
Right From The...
Right from the military to civil regime in Nigeria, introduction of monetary coins or currency notes took step by step. Just like counting the numerals, ''1, 2, 3, 4, 5 6 and so on.'' :The 5kobo coin, #1coin, #5note, #10note, #20note, #50note, #100note, #200note, #500note and finally #1,000note: Now, rather than talking about #2,000note they jump the steps to meet #5,000naira insisting that it will be for the big time business men and players. How then will the poor masses not query their action?. Or are they not also nigerians?. Just give us something like #2,000 note, so we will be able to know how to manage or deal with it, then you will find it easy to proceed to the next step!.
Get your information direct
Shara reporters you guys are doing a great job but,it is better to get and hear your information direct then from a SOURCE.You claimed that source in the Presidency and other sources close to Mr. Mark and Mr.Tambuwal told you 'Sahara Reporters' that the president begged not to be disgraced.
HOW SAD TO HAVE SUCH PRESIDENT
It is sad that we have this type of president who does not seem to know simple economic principles to have found out from the mad islamic CBN chief how the wicked N5,000 note is consistent with his cashless posture. Sanusi wants a cut in the contract of currency printing and to steal much of it for his presidential ambition. God will expose all of you for your failures. God bless
Nigeria.
NIGER STATE GOVERNMENT SCORE CARD
my fellow nigerians,here is the score card of DR.muazu Babangida Aliyu TALBA minna five year administration so far.
EDUCATION F9,
WATER SUPPLY E8,
SELFISH A1,
DISAPPOINTMENT C6,
NOISE MAKING A1,
CORRUPTION A1,
TRAVELLING A1,
Inview of the above,saharareporter is invited to focus minna to see and testfy that nothing on ground.
The foolishness of government.
For goodness seek mr.jonathern can not on his think
some thing better that will take nigerians to the promise land?. Rather then,imposing sufferness on his people......ohohoh mr.president think something better for us like electricity,good roads, fighting corruption,job creation. mr. president here is our demand not 5000 note. and for sanusi lamido sanusi,whom also fuel the subsidy remover should rember that even in his home town has nothing to write about and should forfeit his emirship ambition, the masses have pray to ALLAH.
@Deri: With Patience in Germany, Dumbo Jo has lost his mojo !
Madam Umblella is bed-ridden in far away Germany hence Dumbo Jo, the weakling, has lost his mojo !
@Deri: Moron ... was it only Ken Saro Wiwa Abacha killed ? How about Shehu Musa Yaradua? SS people are as guilty as Abacha on Saro Wiwa. Was it not same SS people who testified against Saro Wiwa at the tribunal? Did Dumbo Jo not honour the judge who convicted Ken Saro Wiwa last year so what is your noise about ? Most of the opposition to Abacha came from Lagos while the Edwin Clarks were busy in bed with Abacha and the Jonathans were busy embezzling the OMPADEC money.
Dear PDP national publicity
Dear PDP national publicity secretary, I think it is very wrong of you, to say such a thing. You are supposed to represent a democracy. I think you owe an apology to your office for such a thuggish and babaric statement. As you can see, my full name is stated. Thank you.
Impervious and egocentric president!
Mr Jonathan, you have lost the last morsel of respect Nigerians had for you! Who do you think you are, a communist dictator or a ruthless potentate? Mr President, please wake up and smell the coffee! It is time you got to realize that the people's wish is always paramount and trumps ALL personal considerations and wishes of whoever sits in Aso Rock as the president. It is high time you pocketed your ego and came down from your high horse. When you plan a silly project the people have the right to tell you NO; and be humble enough to rescind. Don't behave like Sanusi whose political ambitions would never come to fruition, as a result of the arrogance and pigheadedness, Nigerians have seen in him. He is not near the best to be a CBN governor among people of his region.
@DERI, GEJ or SANUSI: Who is Head-of-State?
@DERI
Please ask your kinsman, President GEJ, he or Sanusi Lamido Sanusi, who is Nigeria's Head-of-State? Why can't he fire Sanusi who has since been dividing Nigeria through his policies at the CBN? Where are Sanusi's Islamic banks thriving after he neraly used it to divide Nigeria? Sanusi ought to have known that 5000 Naira notes must spell runaway inflation that must further impoverish the already-impoverished class in Nigeria. Why does GEJ seem to be bent on having his presidency chased deep into the sea by protests from Nigerians of all walks of life the moment he alows the 5000 Naira notes hit the banks?
@ Deri : Quash! Your Clown Prince doesn't have any right !
@Deri :
What is good for Aborigines may not necessarily be good for the rest of Nigerians, this large note is certainly not good from all points of view. It makes no economic sense whatsoever and has to be rescinded on time to salvage some credibility as a "listening President" if I were to advise Dr. Dumbo. Fat Doyin joining you here to throw mud is actually why your clown is taking more heat from Naijas with good intentions. Read this:
"IT IS NOT ABOUT YOU, IT IS ABOUT THE HUNGRY MASSES OF NIGERIA!" - @Tonsoyo
"It's time you are all lined up and shot point blank!" - @tundemash
Cretins like yourself, @Bruce and the cross-border criminal Dr. Doyin are paid goons fidgeting for crumbs, folks know better. Remains for the ugly Abati to weigh-in and complete the cycle of clowns, animals! By your logic, Sanusi introduced the note so Nigerians will revolt and pull down Dumbo's government abi? How stupid. You never disappoint with your warps. Drunkard !
@Pastor Commander Samyoung Onwuzulike
Pastor Commander Samyoung Onwuzulike, Go and take care of your 419 church and leave us alone with your yeye lies-go and use your powers to stop boko haram and let us see-and pls stop posting your rubbish here-its too irrating for our taste-
Much ado about 5000k NOTE Q
DAVID MARK SHOULD STOP PRETENDING TO BE BETTER THAN GEJ .ALL SENATORS ARE CORRUPT .THEY ARE ALL THEIVES .CHUKUMERIJE THAT BIG IDIOT SHOULD JUST LEAVE GEJ ALONE .WE HAVE NOT FORGOTTEN THE EVIL ROLE HE PLAYED DURING ABIOLAS TIME .THAT IS WHAT WE ARE SUFFERING TODAY .THE EVIL MAN IS BACK AGAIN TO WANT TO IMPEACH GEJ .IF NOT STUPID PEOPLE IN HIS STATE WHO VOTED THE BIG FOOLSH MAN TO SENATE WHY SHOULD HE BE THERE ?TELL ME WHY .A MAN WHO IS GOOD AT LYING . A LIAR PER EXELLENCE YOUR IBO TRIBE ARE A BIG JOKE WITH PEOPLE LIKE YOU IN THE CORRIDOR OF POWER YOUR TYPE ARE THOSE WHO AELL THEIR MOTHERS FOR POWER .YOU ARE LOOKING FOR BIG WAHALA .DONT OPEN THAT YOUR STUPID. MOUTH TO TALK ABOUT IMPEACHING GEJ IT WILL FAIL AND IF IT DOES NOT FAIL I ASURE YOU THAT IT IS BYE TO ACOUNTRY WE ARE MANAGING
Much ado about 5000k NOTE Q
DAVID MARK SHOULD STOP PRETENDING TO BE BETTER THAN GEJ .ALL SENATORS ARE CORRUPT .THEY ARE ALL THEIVES .CHUKUMERIJE THAT BIG IDIOT SHOULD JUST LEAVE GEJ ALONE .WE HAVE NOT FORGOTTEN THE EVIL ROLE HE PLAYED DURING ABIOLAS TIME .THAT IS WHAT WE ARE SUFFERING TODAY .THE EVIL MAN IS BACK AGAIN TO WANT TO IMPEACH GEJ .IF NOT STUPID PEOPLE IN HIS STATE WHO VOTED THE BIG FOOLSH MAN TO SENATE WHY SHOULD HE BE THERE ?TELL ME WHY .A MAN WHO IS GOOD AT LYING . A LIAR PER EXELLENCE YOUR IBO TRIBE ARE A BIG JOKE WITH PEOPLE LIKE YOU IN THE CORRIDOR OF POWER YOUR TYPE ARE THOSE WHO AELL THEIR MOTHERS FOR POWER .YOU ARE LOOKING FOR BIG WAHALA .DONT OPEN THAT YOUR STUPID. MOUTH TO TALK ABOUT IMPEACHING GEJ IT WILL FAIL AND IF IT DOES NOT FAIL I ASURE YOU THAT IT IS BYE TO ACOUNTRY WE ARE MANAGING
@Deri:SS people as guilty as Abacha on Saro Wiwa !!
@Deri
U claim "My friend name one person who is sincere to the president in aso rock? Just one and I will tell why we are where we are today. Is it DANJUMA or the agents of Sanusi in the the socalled economic team-Perhaps dangote a fulani who could not breath sense into the evil soul of boko haram?"
I guess it was Osita who appointed those you claim are not sincere to GEJ? When Sanusi was foolishly supporting Jona's increment in fuel price in January , he was sincere then, isn't it ?
Whatever water you people drink at Otuoke isn't good for you; it's polutted your brain, no wonder Jona is a moron. By 2015, the animal will be back at Otuoke and surrounded by the "sincere" Tompolo, Asari and Deri. Good luck to you all !
Ken Saro Wiwa was hanged by Abacha with active support of people like you. Was it not fellow South South people who testified in court against Saro Wiwa ? Did Mumu Jona not honored the judge who convicted Saro Wiwa? Idiots !
u r d foolish 1 here
Metuh or wat do u call ursef? Has it now gotten to the extent that u cnt hide ur foolishness? Is that wat ur govt stands for? Supressin opposition voices? Do u knw anytin abt d FOI bill? I doubt it,u demented clown!
u r d foolish 1 here
Metuh or wat do u call ursef? Has it now gotten to the extent that u cnt hide ur foolishness? Is that wat ur govt stands for? Supressin opposition voices? Do u knw anytin abt d FOI bill? I doubt it,u demented clown!
The leadership of GEJ is qustionable
Sincerely GEJ has a better advantage to manage this country having been a a being a governor before one expected mr president to know tHat decision like this need to consult the assemblies. So it shows how government has been run at this state level nothing to learned from d state level rather than a dictatorship kind. Now he is being expose now for his tyrant era was just expose. 5k note at this time haHa.
@Osita dioka, leader of buhari united arewa kunu party
My friend name one person who is sincere to the president in aso rock? Just one and I will tell why we are where we are today. Is it DANJUMA or the agents of Sanusi in the the socalled economic team-Perhaps dangote a fulani who could not breath sense into the evil soul of boko haram? if dangote had been an ijaw man the entire Fulani North would have moved to the eagle square with their prayer mats to ask that he be put in jail because of his support for the militants in the creeks-the same way Ribadu treated Banigo and his all states bank! IBB and David West! why did Abacha order his hit squad to murder Pa Rewane? Why was Kensarowiwa hanged by Abacha? Was it because he was gay? Is it Jonah that those who contrived to murder abiola would give the chance to salvage the mess that the 8 northern heads of state left behind in our smelly regional polity? I beg make I hear better word ojare!
PRESIDENT JOHNATHAN SAYS DONT DISGRACE BUT DISGRACE NIGERIANS
Every day in Nigeria is one war or the other. Nigerians who chose President Johnathan to be their senior servant said to Johnathan and Sanusi we rejected that 5,000 Naira note, and their servant says you are disgracing me by stopping the printing of that note. I said to you President Johnathan and Sanusi print and go. Print the money and go. Stop it and save your selves or do it and go. Finish. You need iron hand to be handle or you will be worse than OBJ and Babanjida. I see you are taking Nigerians for granted. Mr We are too Big for you and your people to be pocketed. 2012 is not 1999 of OBJ. There are many Spiritual Field Marshals and Generals of Christ in Nigeria than else where in the world. If not Nigeria would have been a history for book makers.
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