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Currency Swap: CBN Governor working for PDP to sabotage Buhari’s government -Arewa Youths

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Currency Swap: CBN Governor working for PDP to sabotage Buhari’s government -Arewa Youths

As the deadline for the currency Swap inches closer, the Arewa Youths for Development and National Unity has accused Nigeria’s Central Bank Governor Mr. Godwin Emefiele of working for the main opposition Party, People’s Democratic Party.

Addressing a press conference on Saturday afternoon at the Arewa House in Kaduna, the National Coordinator Comrade Hamza Muhammed Haruna said “having witnessed, first hand, Emefiele’s total disregard for calls including the National Assembly to relax the January 31st deadline, we are convinced that Emefiele is an enemy of the state and a saboteur of the Buhari’s government.”

“We are convinced also that he is probably working in cohorts with elements in the opposition PDP. Resisting entreaties to extend the deadline of the currency swap for no justifiable reasons, is a wake up call for all Nigerians especially Northerners.

“We urge the president to immediately sack this deeply partisan politician and incompetent regulator before he buries the entire nation.” Haruna maintained.

The group insisted that the currency swap regime started in October 2022, with a window of six months. “This period is inadequate from the word go. In developed countries like the UK, this process takes a minimum of three years with the old currency existing side by side with the old one.”

“Presently, UK is undergoing a new currency change with the demise of the longest monarch, Queen Elizabeth II.

‘In keeping with tradition, the new currency bears the image of the new King Charles III. This is the UK with over three hundred and fifty banks in all the nook and crannies of Britain!

Haruna lamented that “here with all our obvious deficits, Emefiele is determined to bury the nation by insisting that the deadline is sacrosanct. The signs of a failing policy is all too apparent as up till this weekend, most commercial banks were still dispensing the old notes, confirming our apprehension that the deadline is not feasible.”

The group argued that “we are of the considered opinion like most Nigerians, that the difficulty in accessing the new currency notes and the intransigence of the CBN governor to the deadline despite entreaties from eminent citizens and leaders of thought, among whom is His Eminence, the Sultan of Sokoto, Alhaji Muhammadu Sa’ad Abubakar, is deliberate and meant to inflict damaging economic injuries on majority of Nigerians, especially those in rural Nigeria who forms 70 to 75 percent of the populace.”

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