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Emefiele Tried To Sabotage 2023 Election With Naira Redesign Policy- Akpabio


The President of the 10th Senate, Godswill Akpabio has accused the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, of attempting to sabotage the conduct of the last general election with the introduction of the naira redesign policy.

Akpabio made this claim while speaking on the floor of the Senate on Tuesday during the screening of the nominee for the position of CBN governor, Olayemi Cardoso and four deputy governor nominees for the apex bank.

According to Naija News, Emefiele had informed the Central Bank that it planned to rename N200, N500 and N1000 in October 2022.

In addition, he said the new notes would be introduced on December 15, 2022, and that old naira banknotes will remain legal tender until January 31, 2023.

The policy which was implemented close to the general election led to the scarcity of the naira notes, which crippled the economy.

Cardoso was asked by the President of the Senate if he’d interfere in politics like his predecessor. Akpabio said, “Adams Oshiomhole thanks for the lecture.

Since you did not ask any questions, and I would like a question on your behalf, I’m identifying with you.

“CBN Governor, will you uphold the integrity, steadfastness – to resist when politicians come to you to join the presidential race and display your posters even as a sitting CBN Governor in political conventions?

“Will you rush to display your profile electronically at political conventions while sitting as a governor because politicians have told you that you have enough money in CBN to do it?

“Don’t forget the fact that the money in the central bank isn’t for you. Will you have the courage to resist the temptation to listen to politicians and throw your hat into the ring and go back to your office and sit as CBN governor?

“Will you rush to sabotage the election in Nigeria by going for new notes, two days to the election when no country in the world changes new notes within one year, you do your own in 14 days or 11 to see how you can sabotage the election in Nigeria?”

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