Why Politicians Are Angry About New Cashless Policy – Sanusi, Ex CBN Gov.

Former Governor of the Central Bank of Nigeria (CBN), Muhammad Sanusi Lamido has cautioned Nigerians not to be misled by politicians into opposing the implementation of the new cashless policy of the Federal Government.
Lamido, who is also the former Emir of Kano, said that the Politicians are angry because they are more negatively affected than ordinary Nigerians.
The former CBN Governor said that he was responding to numerous enquiries coming to him from people who wanted to know his opinion on the ongoing naira redesign and cashless policy.

According to him, it’s the Politicians that stockpiled the naira notes which they intend to to bribe electoral officials, security agents, the judiciary and others with physical cash just to get to power “and begin another rounds of stockpiling,” that are against the policy.
“Now, with cashless policy, there would not be enough physical cash for the Politicians to bribe, and any transfer of money to anybody can be monitored and traced. That is why they are very angry and agitative.”
Lamido said that cashless policy in the Nigeria’s economy is not a new thing.
“If you will remember, I started the cashless policy as Governor of the Central Bank of Nigeria in 2012.”

According to him, the policy was test run in Lagos in 2012 when he was CBN Governor, stressing that it is long overdue, particularly as the country heads to general elections that will usher in new set of leaders, from President downward.
“We started with Lagos and later spread it to five other states and the Federal Capital Territory (FCT).”

He said that over ten years after the efforts of the CBN under his leadership, time is fully ripped for the country to fully launch into cashless nation like other fast developing economies.
He said that when he started the policy in 2012, there was no external outlet to dispense cash, but that now that Point Of Service (POS) centres are everywhere in the country, there is no excuse not to go fully into the cashless economy.
He acknowledged that citizens would experience discomforts and pains associated with such policy change but that with time, things will normalised.

Point of correction, Only Tinubu urchins are against new Naira redesign

Hmm

Emefeile is Typing.........
Just Relax

😁😁😁😁😁


People forget that dollars is not scarce.

This buhari's cashless policy is a masterstroke to a lot of issues in this country we hardly hear or read about kidnapping anymore.

Greedy politicians. They are only fighting for their pockets.

Fact

Any how any how husband must tie rapper. Tinubu go still buy votes! Nigeria were d wisiest country! We no dey carry last!

Assuming nigeria come divide nko? 4where we go see money spend? tinubu said he didnt wanna rule half nation.

The stockpile is already useless. Anyone caught with old notes of N500 and N1000 will be arrested. Such will tell the source and it will be traced back to the governors who are on immunity. So, the ordinary Nigerians will suffer it.

Tell them

Supreme Court shouldn't run otherwise on Wednesday...

Agbado and his supporters are mostly affected

CoronaVirusRelo:
😁😁😁😁😁


People forget that dollars is not scarce.

so your tinubu will bribe in dollar

JOemmy:
This buhari's cashless policy is a masterstroke to a lot of issues in this country we hardly hear or read about kidnapping anymore.

Police no dey stop person anyhow again. Where will dey see cash to get ? No POS to collect money from. Dey can't risk to give their own personal acct number.

Gjrich:
Why Politicians Are Angry About New Cashless Policy – Sanusi, Ex CBN Gov.

Former Governor of the Central Bank of Nigeria (CBN), Muhammad Sanusi Lamido has cautioned Nigerians not to be misled by politicians into opposing the implementation of the new cashless policy of the Federal Government.
Lamido, who is also the former Emir of Kano, said that the Politicians are angry because they are more negatively affected than ordinary Nigerians.
The former CBN Governor said that he was responding to numerous enquiries coming to him from people who wanted to know his opinion on the ongoing naira redesign and cashless policy.

According to him, it’s the Politicians that stockpiled the naira notes which they intend to to bribe electoral officials, security agents, the judiciary and others with physical cash just to get to power “and begin another rounds of stockpiling,” that are against the policy.
“Now, with cashless policy, there would not be enough physical cash for the Politicians to bribe, and any transfer of money to anybody can be monitored and traced. That is why they are very angry and agitative.”
Lamido said that cashless policy in the Nigeria’s economy is not a new thing.
“If you will remember, I started the cashless policy as Governor of the Central Bank of Nigeria in 2012.”

According to him, the policy was test run in Lagos in 2012 when he was CBN Governor, stressing that it is long overdue, particularly as the country heads to general elections that will usher in new set of leaders, from President downward.
“We started with Lagos and later spread it to five other states and the Federal Capital Territory (FCT).”

He said that over ten years after the efforts of the CBN under his leadership, time is fully ripped for the country to fully launch into cashless nation like other fast developing economies.
He said that when he started the policy in 2012, there was no external outlet to dispense cash, but that now that Point Of Service (POS) centres are everywhere in the country, there is no excuse not to go fully into the cashless economy.
He acknowledged that citizens would experience discomforts and pains associated with such policy change but that with time, things will normalised.

Fake news

Johnthum:
Point of correction, Only Tinubu urchins are against new Naira redesign

Tinubu urchins must be all over the country protesting in even edo and portharcourt.
Cos last time I checked, okada riders were all stranded today.

LoL you people don dey post without Link again if he come out come debunk am u will find someone to blame...

Any politician that cry about this policy have nothing to do than to bribe his or her way to the position of authority

JOemmy:
This buhari's cashless policy is a masterstroke to a lot of issues in this country we hardly hear or read about kidnapping anymore.

kidnapping?
For what?
Many Nigerian were currency scent lover, they can't live without it.

What if they bribe electorates with dollars

Sanusi you don't have sense

You think tinubu has not changed all his old note from calls to bank executives..

Northerners una mumu too much

Noted

These Meennn

We know, I have been telling Tinubu supporters since, they have been arguing with me...

Buhari is out for them and....


Nigerians have chosen President Peter Obi(GCFR)

Lol

Hmmmmmm!


The same thing that have been going on for 24 years!

CoronaVirusRelo:
😁😁😁😁😁


People forget that dollars is not scarce.

Dollars is not scarce indeed.

You think the American Dollar is our worthless Naira that can be withdrawn and stockpiled the way the Naira has been rubbished?

If it were possible for them to get the equivalent of their loot in Dollars you think they'd chose to stockpile in Naira instead of Dollars or be wailing right now?

It's so easy to see that majority of you are truly clueless and supporting your real enemies out of sheer ethnic and tribal sentiments.

Well done General Buhari. For the first time in the history of Nigeria, the elites and the oppressed masses have found a level playing field for hardship and lamentation.

Whoever expects Nigeria to be set on the road to prosperity without any pains and grumbling must be deluded.

How do you make an omelet without breaking some eggs?