The 14th Emir of Kano and former Governor of the Central Bank of Nigeria (CBN), Alhaji Muhammadu Sanusi, has paid compliments on the naira redesign, swap and cashless policy in general.
The initiative, a monetary policy of the Central Bank of Nigeria, CBN, has engendered endemic cash squeeze, with attendant hardship, culminating in violent protests mostly in the South.
But Sanusi said, is all right, and Nigeria is overdue for the policy in a social media post he authored.
In it, the ex-apex bank’s chief posited that thieving politicians stashing money away are at the receiving end of the scheme, which came between President Muhammadu Buhari and several governors elected on the platform of the All Progressive Congress, including his (Sanusi’s) close ally, Nasir el-Rufai.
The post: “This policy (naira redesign policy) has been under way for more than 10 years. And Nigeria is ripe for the policy since we have way of transaction apart from physical currency (bank notes or coins).
“My second advice is that Nigerians should be careful with what politicians. Politicians will suffer more from the policy not ordinary Nigerians. They spend four years looting public funds and torturing their people, yet when another election round comes, they bring the money to buy votes and security apparatus and INEC officials; and sponsor thugs to destabilize elections process.
“The policy would reduce rigging and similar activities during election. If you want to give an INEC official, a police officer or a judge some money, send via banks where it can easily be identified.
“Nigerians should welcome this new policy as it will give them a chance to vote whom they like, not those who can hire thugs or buy votes during elections. In the past those with highest loot were the ones to rig their way to power. Now even if someone stashed some money, it useless as the notes have been changed.”
Gain Control Over Your School
