The Chairman of the House of Representatives ad-hoc Committee on Naira Re-design, Cashless Policy and Currency Swap, on Thursday, said going into elections without “hard…

By Muideen Olaniyi


The Chairman of the House of Representatives ad-hoc Committee on Naira Re-design, Cashless Policy and Currency Swap, on Thursday, said going into elections without “hard cash” could put politicians at a disadvantage.

He said this while fielding questions from State House reporters after leading his committee to a meeting with President Muhammadu Buhari at the Presidential Villa, Abuja.

Doguwa said each member of the House of Representatives is entitled to N70 million cash to pay polling agents and for other election running costs, stating that if they have no hard cash, they will be disadvantaged in the exercise.

He said his committee would not rest until it had seen that the pains of the new monetary policy on Nigerians were fully assuaged.

Doguwa, while commending the President for the intervention via the national broadcast, by directing the reintroduction of the old N200 notes for six more weeks, said the committee would be forced to invoke its constitutional oversight privilege should the executive authorities vested with the responsibility of carrying out the President’s instruction fail.

He said his committee was mandated by the House and by extension, the National Assembly, to interface with the president and the CBN on the implementation of the policy.

He said even though most of what they wanted to discuss with the president had been taken care of by his broadcast, especially the extension of the validity of the old N200 notes, there was the need to do more to ensure that his directive to the apex bank to make the money available, was carried out immediately
“A presidential candidate is expected to have at least N1 billion by law. The law has provided for us the amount of money we need to oversee our election process. You need to pay your agents in the villages where you don’t have ATM machines, in the villages where you don’t have POS, in the villages where absolutely you don’t have this new naira. So, this is money that I require, that the law has permitted me to have N70 million as logistics. I need to have this N70 million in hard copy.

“As I speak to you, I don’t have it. Which means if this policy continues this way, if the central bank fails to make available this money, we need to fund our elections, definitely, every candidate no matter what party he belongs to, will be put at disadvantage. And don’t forget the point I’ve made as a partisan member, that the policy in itself is a policy that is apparently against the ruling APC because Nigerians that are not happy will look at it as a policy of government of APC. This has placed us at a disadvantage already.

“Of course, it’s a good observation. Those of us fight at the ATM stations, ATM stations is now a wrestling grounds. Banks are being burnt up, are you telling me that all those people that are burning banks are APC members? APC members are law abiding members of our party.”

https://dailytrust.com/cash-scarcity-a-blow-for-politicians-ahead-of-elections-doguwa/

Nlfpmod

Oga do transfer it mustn't be cash payment all the time. Encourage your villagers to open account with banks or momo psb hope or opay or palm pay. Let us all do transfer for anything above 1k
I understand ur pain Sha because the killer upper cut punch 👊✊ Buhari have you people will take 4yrs to heal.

No room for vote buying

Emefiele is a true Legend to convince buhari to hold still on naira redesigning. They have reduced urchins and their master to mere puppet. We warned tinubu and his urchins that Buhari will deal with them in a way they never imagined but called us Igbos and all sorts of names. Its their battle, we are sitting on the fence.

Bush meat caught the hunter this time around. It's not by criminal structure. It's by you as a candidate and what you have to offer. You see all these clowns crying in nairaland are those gangs of fools that have boasted of having structure.

.

El Rufai and other thieves such as Gandollar and the rest are looking for ways to spend the money they stored in their houses.

They want to do this at the expense of the masses..
There’s a reason why they released only N200 back into circulation because those thieves store naira in 1000s and 500s which has now turned to tissue paper.
I’m glad to witness this monument change happening in this country. No vote buying in this upcoming election.

Thank you Pa Buhari and Emefiele for this feat achieved...The rich also cry😢