Naira Scarcity: Falana Asks Federal Govt To Prosecute Emefiele, CBN Management

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Naira Scarcity: Falana Asks Federal Govt To Prosecute Emefiele, CBN Management
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Human rights lawyer Femi Falana (SAN) has asked the federal government to prosecute the suspended Governor of the Central Bank of Nigeria (CBN) Godwin

In a statement yesterday, Falana alleged that Emefiele and the CBN lied to Nigerians over the availability of cash owing to the redesign of the nation’s currency.

“Having misled Nigerians to believe that sufficient cash was distributed to commercial banks to replace the sum of N3.5 trillion mopped up from customers, Mr. Godwin Emefiele and the entire management of the CBN ought to be prosecuted for incitement and culpable homicide,” he said. Falana also wants the CBN to rebuild the bank buildings that were destroyed by angry customers in the aftermath of the cash crunch occasioned by the redesign policy and also for the apex bank to compensate the families of those who were killed due to the incitement of the public.

“In addition, the CBN should rebuild the bank buildings that were destroyed and pay compensation to the families of those who were killed as a result of the incitement of members of the public,” Falana added. He added, “In January 2023, the Central Bank of Nigeria claimed that it had supplied the commercial banks in the country with enough cash in line with its currency design policy. The apex bank purportedly directed security agencies to arrest and prosecute bank officials who were accused of sabotaging the new currency policy. Based on the statement, Nigerians trooped to the banks to collect cash. As the cash was insufficient, customers became angry.

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