By Babalola Seyi
Shehu Sani, a civil rights activist and former Senator representing Kaduna Senatorial District, has described the Central Bank of Nigeria, CBN, governor Godwin Emefiele’s cashless policy as disastrous and poisonous.
Sani was reacting to the difficulties that bank clients were having in withdrawing money, which was causing long lines around the country.
In a statement provided to newsmen on Friday, Sani questioned why public policy should be a disaster for people rather than a boon.
He said: “The redesigning of the National currency and the cash withdrawal policy introduced by GODwin Emefiele is an economic disaster and a poisonous idea aimed at unleashing hardships on the masses of Nigerians.
“If the Buhari administration really wants to target the few corrupt,it doesn’t have to wait this long and it doesn’t have to impoverished punish the poor.Emefiele set a forest on fire in the name of catching a few rats.”
The ex-lawmaker posited that the apex bank has become a political institution, stating that as a developing nation, economic policies such as this would have taken the status of Nigerians into cognisance.
“The CBN has become a political institution and a home for serpentine and delirious economic ideas.
“The CBN under Emefiele has become a shrine for misery and a breeding ground for penury.It has become a republic within a republic,” he said.
He queried reasons Buhari allowed the policy at the twilight of his administration, particularly in 2019 when he recontested to stop vote buying.
“Why didn’t the Buhari administration introduced the change of currency in 2019 and waited until 2023 if the CBN policy is about curbing vote buying?
“Nigeria has been turned into a vast refugee camp where people queue for cash ration.Nigerians have subjected to the multiple tragedies of struggling for money,searching for money,looking for money and scratching for money.
“Nigerians used to buy Dollars at the black market,now they are also buying Naira at the black market.
“The Ahmed Lawan led Senate has failed to checkmate the excesses and autocracy of the CBN because the leadership is in bed with it.The House of Reps have a clear and principled position on the matter”, he concluded.
