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Don’t Make Nigerians Scapegoats over Naira Redesign, Atiku Pleads with FG

Published

1 month ago

February 7, 2023

Eric

The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has beseeched the Federal Government to avoid making Nigerians scapegoats “in the ongoing battle of titans over the redesign of the naira’’.

Atiku made the appeal in a statement by his media aides in Abuja on Tuesday.

He said that the FG had a duty to swiftly see to it that commercial banks did not constitute themselves into stumbling blocks on “the well-thought-out policy of naira redesign.”

“It is commendable that the FG has rather preferred to work behind the scenes, based on the intelligence it is believed to have received, regarding suspicions that some presidential candidates may have stashed billions of naira as war-chest for vote-buying.’’

The former vice-president lamented that there had been widespread anxiety across the country, arising from poor execution of the naira redesign policy by commercial banks in the country.

“Businesses and cash-dependent smallholder enterprises are all currently in serious distress. This should be addressed urgently to save the economy from collapse.’’

Atiku said that he had on January 28, made a crucial intervention in the redesign of the naira, calling on the FG and the CBN to consider adjusting the deadline date, to address the challenges being faced by members of the public.

He re-stated that the policy was being mismanaged, unlike what was obtained in other parts of the world, where similar policies were implemented.

According to him, millions of Nigerians are being driven into grave desperation and despondency on account of the shortcomings of the execution of the policy.

“In recent weeks, social tension has been growing across Nigeria on account of the poor management of the redesign of the naira policy,’’ the presidential hopeful added.

NAN

Featured

NLC Directs Workers to Shut Down CBN Offices Nationwide

Published

11 hours ago

March 22, 2023

Eric

The leadership of Nigeria Labour Congress (NLC) has directed workers to picket all offices of the Central Bank of Nigeria (CBN) nationwide starting from next week, over the lingering cash crunch in the country.

The NLC President, Comrade Joe Ajaero, gave the directive while addressing a press conference in Abuja, on Wednesday.

The labour leader said the directive became imperative following the expiration of one week ultimatum given to the apex bank to make cash available for Nigerians.

The NLC last week gave the CBN and commercial banks a one week ultimatum to make naira notes available to workers and Nigerians.

The Congress said it would direct workers to stay at home if the apex bank fails to make the Naira notes available to Nigerians.

Featured

Presidential Election: Peter Obi Officially Files Petition at Tribunal

Published

2 days ago

March 21, 2023

Eric

The Labour Party, LP, presidential candidate, Peter Obi has officially filed petitions at the presidential election tribunal.

Obi filed the petition to challenge the outcome of the 2023 presidential election.

The former Anambra State governor lost the presidential election after he came third.

Obi trailed Atiku Abubakar of the Peoples Democratic Party, PDP, and winner, Bola Tinubu of the All Progressives Congress, APC.

But, he had faulted the process of the election that led to Tinubu’s emergence as president.

He had vowed to challenge the process that led to the outcome of the election because he was robbed of his victory.

Spokesman of the Obi-Datti Presidential Campaign, Dr. Yunusa Tanko, disclosed the submission of the petition.

“It is official the Labor Party Presidential candidate Peter OBI has filed his petition to the presidential elections tribunal in Abuja. The process of reclaiming the people’s mandate has started,” he said.

Featured

Stop Deceiving Yourself, You Selected Yourself, Not Re-elected, Falz Tells Sanwo-Olu

Published

2 days ago

March 21, 2023

Eric

Popular musician and lawyer, Folarin Falana aka Falz has tackled Governor Babajide Sanwo-Olu over his re-election as Governor of Lagos State.

The Governor in an appreciation post on his verified Twitter handle @jidesanwoolu thanked Lagosians for coming out in their numbers to seal his reelection.

However, his post did not go down well with Falz who promptly responded thus: “You were not re-elected. You selected yourself. Everybody saw it unfold. You are only deceiving yourselves.”

Recall that the Independent National Electoral Commission (INEC) on Monday declared Sanwo-Olu winner of the governorship poll having polled a total of 762,134 votes to win a second term of four years.

The Labour Party (LP) came second with 312,329 votes, while the Peoples Democratic Party (PDP) trailed in third place with 62,449 votes.