Sani says Emefiele’s cashless drive is political, not economic
By Jeph Ajobaju, Chief Copy Editor
Former Senator Shehu Sani has described the cashless policy of Central Bank of Nigeria (CBN) Governor Godwin Emefiele as a poison and disaster which has only piled on hardship through long bank queues across the country.
“The redesigning of the national currency and the cash withdrawal policy introduced by Godwin Emefiele is an economic disaster and a poisonous idea aimed at unleashing hardships on the masses of Nigerians.
“If the Buhari administration really wants to target the few corrupt, it doesn’t have to wait this long and it doesn’t have to impoverished punish the poor. Emefiele set a forest on fire in the name of catching a few rats,” Sani said in a statement.
He lamented the CBN is now a political institution, otherwise as a developing nation, a policy such as this would have taken the condition of Nigerians into consideration.
“The CBN has become a political institution and a home for serpentine and delirious economic ideas.
“The CBN under Emefiele has become a shrine for misery and a breeding ground for penury. It has become a republic within a republic.”
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Nigeria ‘a vast refugee camp’
Sani questioned why Buhari allowed the policy at the twilight of his administration, instead of doing so in 2019 when he contested for a second term, per reporting by Daily Post.
“Why didn’t the Buhari administration introduce the change of currency in 2019 and waited until 2023 if the CBN policy is about curbing vote buying?
“Nigeria has been turned into a vast refugee camp where people queue for cash ration. Nigerians have been subjected to the multiple tragedies of struggling for money, searching for money, looking for money and scratching for money.
“Nigerians used to buy dollars at the black market, now they are also buying Naira at the black market.
“The Ahmed Lawan led Senate has failed to checkmate the excesses and autocracy of the CBN because the leadership is in bed with it. The House of Reps has a clear and principled position on the matter.”