Poor Nigerians Being Punished, No Bank Will Deny Presidential Candidates Money – Kwankwaso

Poor Nigerians Being Punished, No Bank Will Deny Presidential Candidates Money – Kwankwaso

Senator Rabiu Kwankwaso, the New Nigeria Peoples Party (NNPP) Presidential Candidate, has accused the Central Bank of Nigeria (CBN) of punishing ordinary Nigerians with the naira redesign policy.

In October 2022, the apex bank announced the naira redesign policy, and new N200, N500, and N1,000 notes became legal tender on December 15, 2022.

Despite the fact that President Muhammadu Buhari unveiled the new naira on November 23, 2022, it entered circulation in December.

However, access to the new naira notes has been difficult, forcing the CBN to adjust the January 31 deadline for the old notes to serve as legal tender.

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Commenting on the difficulties Nigerians faced in accessing the new naira notes, Buhari stated that the policy was aimed at corrupt individuals and those financing terrorism.

The president stated that ordinary Nigerians would not suffer as a result of the policy.

However, speaking on Channels Television’s Sunrise Daily on Thursday, Kwankwaso stated that the policy would not affect the wealthy because they own the banks.

Kwankwaso stated that big-name politicians, particularly presidential candidates, either owned controlling stakes in banks or had friends who could help them raise whatever sum of money they required.

“Government should be in place to sort out issues for its people, not inflate unnecessary hardships.”

“We in the NNPP are not comfortable with the three months and even the 10 days they are talking about. Many people who are in Abuja who are in the comfort of their offices or homes wouldn’t understand what is happening outside there.

“What the government is saying has to do with people who would want to take too much money, like leaders and politicians. They don’t know that many of our colleagues, those who are contesting, especially the presidential candidates, and by extension all those in their parties are owners of the banks.

“And not only that, people close to them have banks everywhere. So, they will lose nothing. PDP has governors, and APC has governors. Governors by now would have collected so much money from the banks in their states.

“If their friends have got banks, I’m sure one or two of them may have banks or own large shares in some of these banks.

“Some people in politics may for some strategic reasons be complaining but those complaining I believe is just a gimmick, I don’t believe that they mean it. We believe they don’t have issues.  You see the people with real issues are the masses, businessmen, petty traders,” he said.

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