Old Naira Notes: Lawyers, Ethnic Youth Leaders Hail Buhari, Emefiele’s Insistence On Jan 31 Deadline News
According to the groups, Buhari and Emefiele have shown capacity to stand for public interest despite pressure from looters of common treasury.
The groups opined that the development would help put a stop to money laundering, vote buying, ransom taking and counterfeiting. The statement reads, “CBN decision not to extend deadline for swapping old naira notes has dealt a final blow to money launderers and kidnappers as this will inconvenience criminals that deal with cash.
“We also support this because lately counterfeiting of currency has become a common phenomenon, money has become a standardized trade unit and abused by criminals. This will also improve chances of a free and fair election as vote buyers have been taken out of the equation while security will be greatly improved.
“We noticed that since the redesigning of naira, kidnapping and ransom-taking had reduced. Also smugglers and money laundering companies, who inject counterfeit currency into the financial system, are seriously worried as this has greatly affected their illegal business.”
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