November 30, 2022

A former presidential aspirant on the platform of All Progressives Congress, APC, Chief Charles Udeogaranya, has cautioned the federal government of the danger of releasing the new Naira notes before the 2023 general elections.

The 2019 APC presidential ticket challenger, Udeogaranya hinted that politicians will corrupt bank officials and mop up the new currencies and will only release them on the eve of the elections for vote buying, thereby rendering the entire purpose of the new Naira currency project and the 2023 general elections’ credibility an exercise in futility.

IsL source, Vanguard, reports that the politician suggested that the federal government should rather use the opportunity to further encourage Nigerians to participate more on the electronic transaction platforms and boost all necessary infrastructure that supports electronic transactions.

He pointed out that Nigerians who brought old notes before stipulated deadline, should only have their accounts credited with same value and without an option of cash withdrawals exceeding ten thousand Naira daily, until after the 2023 general elections.

Udeogaranya urged the federal government to enforce collation of taxes, revenues, transport levies, market levies and all other levies restricted to electronic platforms until after the 2023 general elections.

He concluded that ” the inability of Nigerians to vote for their conscience in the electoral system is the primary reason politicians do not hold any regard for Nigerians or the needs of the people, after buying their way into Government House.“

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