CUPP Lauds Emefiele on Naira Redesign, Alleges Move By Lawmakers to Scuttle Initiative •Group backs CBN, declares governor ‘Man of the Year’ John Shiklam in Kaduna and Udora Orizu in Abuja The Coalition of United Political Parti
John Shiklam in Kaduna and Udora Orizu in Abuja
The CUPP in what it described as an “outstanding contribution to free, fair, credible, acceptable, and inclusive elections,” by the CBN, however, alleged of a plot to scuttle the naira redesign policy by the House of Representatives through a ‘Currency Change Procedure Amendment Bill’ before the House.
“The CUPP maintained that those who have looted Lagos state treasury over the years and now own naira warehouses now want to use the stashed cash to buy power into Aso Rock just the way they purchased their party’s presidential ticket,” stressing that the opposition would support the CBN not to shift the January 31st deadline date for the current note to cease to be legal tender.
The group in a statement yesterday, praised the CBN governor for redesigning some naira notes, due to be circulated on December 15, and for funding agriculture, Small Scale and Medium Enterprises in the north. The AEAP noted that the CBN governor had admitted that as at September 2022, the Nigerian banking system had N3.23 trillion in circulation and that N2.73 trillion of the amount was outside the banking system or hidden at home by some citizens.
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