Home Finance Naira redesign will affect politicians more — Former CBN Governor

Naira redesign will affect politicians more — Former CBN Governor

Sanusi - lagospost.ng

Former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has said the naira redesign policy will hurt politicians more than citizens.

He said this in a statement addressed to Nigerians on Monday, stating that people should be careful not to fall for the manipulation of politicians.

Sanusi who further revealed that the policy is not new and has been in the pipeline for over ten years added that it has made the “loot stashed away by politicians useless”.

“This policy (naira redesign policy) has been underway for more than 10 years.

“And Nigeria is ripe for the policy since we have ways of transaction apart from physical currency (bank notes or coins).

“My second advice is that Nigerians should be careful with what politicians say.

“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 the elections process.

“The policy would reduce the rigging and similar activities during election.

“If you want to give an INEC official, a police officer or a judge some money, send it via banks where it can easily be identified.

“Nigerians should welcome this new policy as it will give them a chance to vote for whom they like, not those who can hire thugs or buy votes during elections.

“In the past, those with the highest loot were the ones to rig their way to power.

“Now even if someone stashed some money, it is useless as the notes have been changed.”



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