Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), is accused by Godswill Akpabio, the president of the 10th Senate, of seeking to disrupt the conduct of the most recent general election by enacting the naira redesign policy.
This assertion was stated by Akpabio on the Senate floor on Tuesday during the screening of Olayemi Cardoso, the candidate for CBN governor, and the four nominees for deputy governor of the top bank.
According to Anaedoonline.ng, Emefiele stated CBN’s intention to redesign the N200, N500, and N1000 in October 2022.
UPDATE: Banks To Start Over-The-Counter Payment Of New Notes
He said the existing notes will be legal tender until January 31, 2023, and that the replacement notes would go into circulation on December 15, 2022.
The strategy which was implemented close to the general election led to the scarcity of the naira notes, which crippled the economy.
The senate president asked Cardoso if he would also meddle in politics like his predecessor.
Akpabio said, “Adams Oshiomhole thanks for the lecture. I identify myself with you since you didn’t ask any questions, I’ll like to ask one on your behalf.
“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?
Judge Me By My Performance As Governor Not As Minister – Akpabio
“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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