According to former president Muhammadu Buhari, the goal of the new naira notes’ introduction was to ensure that the general elections of 2023 were free and fair rather than to punish Nigerians....CONTINUE READING THE FULL ARTICLE>>>
Speaking in Abuja at the book launch of a book written by his former special adviser on media and publicity, Femi Adesina, Buhari claimed that individuals with excessive wealth were the ones who were unhappy with the currency redesign strategy.
In the contribution of the book which was launched in Abuja, Buhari wrote that a whopping sum of 260 million dollars with one bank chairman whose name he did not mention, and that this happened at a time when people were complaining that the new naira notes were not available.
According to the report by The Nation, he said, “The scarcity of money was not deliberately done to punish Nigerians.
“There is no denying that the naira redesign policy gave us cleaner elections. It was people who had too much money that had problems with it. When it was said that the new notes were not available, over $260 million was found with one bank chairman. Did I take on the Supreme Court on the issue? No. I could not have.”
The naira redesign policy had led to cash crunch across the country, which consequently led to untold hardship. A lot of businesses were affected, and riots had broken out in parts of the country.
The authorities had defended their actions, saying that the policy was aimed at preventing politicians from buying votes during the election…CONTINUE READING>>
