Emefiele deceived Buhari that naira redesign will curb vote buying—Oshiomhole

Former Edo State Governor, Adams Oshiomhole, has said the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele “deceived” President Muhamadu Buhari that the ongoing naira redesign policy will curb vote buying during this year’s general elections.

Nigerians across the country have been battling with the scarcity of new naira notes, a situation that has led to queues at banking halls and automated teller machines (ATMs).

Speaking during an interview on a monitored television interview, Oshiomhole described the policy as “senseless”, saying the decision was taken without any consultation with the government.

“There was no consultation, not even within the government, at least the minister of finance cried out and she warned that there could be economic consequences arising from this decision,” Oshiomhole said.

“We’re taught in basic leadership that whoever has power should pray for wisdom. And with wisdom you will recognise that (with) a population of 200 million people, you can’t change policy overnight as you change from generator to NEPA and vice versa.

“But even worse is that you want me to change my old clothes by fire by force. I’m willing to do so. You told me to remove the old clothes and that I’d need a new ones.

“I’ve removed the old clothes but the new ones are not available, and you leave me naked. And then you tell me that I can’t take more than N20,000 from my own money.

“So, if you spend N35,000 or N30,000 to buy a bag of rice, CBN has a policy that says you can’t take more than N20,000, that is where the ATM is working, which means you will have to queue all day to take money enough to pay for half a bag.

“And if you need a whole bag, you have to queue another day to raise N40,000 to buy a bag of rice. This is not sensible.

“Having worked as a chairman (APC), which enable me to work and relate directly with the president, I know the trick that the CBN played.

“We have a president who had told the world and I believe he was right that if Nigeria does not kill corruption, corruption will kill Nigeria and he meant it.

“Even in informal talks, we do say that if you want the president to accede to something you must assure him that what you want him to approve will not in any way translate to a corrupt practice.

“I think I can guess because I was not there that in obtaining the approval which the president said he gave, I believe the CBN deceived the president by amplifying the need to have a corruption-free electioneering as if the election is the only project that this president has responsibility for”, added Oshiomhole, a former APC national chairman.