'The anti-democratic elements who are pretending to be democrats are the ones ganging up against the CBN...', he said.
The presidential candidate of the Peoples Democratic Party , Atiku Abubakar, has advised the Central Bank of Nigeria against further extension of the deadline for the exchange of the old naira notes after the expiration of the apex bank’s 10 February deadline.
However, he warned that another extension after the grace period will destroy the purpose and objective of the currency redesign. Since the CBN introduced the new notes, Nigerians have continued to lament the scarcity of the notes amid disruption in banking operations. “The essential element here is ensuring that the new currency goes around and is well distributed to the points where people can easily access them. Every good policy must be people-centered and must not bring an avoidable difficulty to the people.”
“The cashless policy and reduction of the cash in circulation has many advantages and every patriotic Nigerian should support the CBN on this. It will help to reduce the flow of illicit funds in our economy. It will help to defeat the funding of terrorism and deter the circulation of drug money in our economy. It will help our fight against corruption.
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