Naira Redesign: “Politicians Suffering More” – Sanusi

Alhaji Muhammadu Sanusi, the 14th Emir of Kano and former governor of the Central Bank of Nigeria (CBN), has urged Nigerians to embrace the redesigning of the naira and the CBN’s cashless policy.

Sanusi issued a statement to the people of Nigeria on Monday, February 20, in which he urged them to exercise caution and resist political manipulation.

Sanusi noted that the strategy has rendered the “loot stashed away by politicians useless,” money he claimed was kept to buy votes and INEC officials, and to hire thugs to destabilise the election process.

He further revealed that the redesign policy is not new and has been in the works for more than ten years.

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He said: “This policy (naira redesign policy) has been underway for more than 10 years. And Nigeria is ripe for the policy since we have ways of transaction apart from physical currency (bank notes or coins).

“My second advice is that Nigerians should be careful with what politicians say. Politicians will suffer more from the policy, not ordinary Nigerians. They spend four years looting public funds and torturing their people, yet when another election round comes, they bring the money to buy votes and security apparatus and INEC officials; and sponsor thugs to destabilize the election process.

“The policy would reduce the rigging and similar activities during election. If you want to give an INEC official, a police officer or a judge some money, send it via banks where it can easily be identified.

“Nigerians should welcome this new policy as it will give them a chance to vote for whom they like, not those who can hire thugs or buy votes during elections. In the past, those with the highest loot were the ones to rig their way to power. Now even if someone stashed some money, it is useless as the notes have been changed.”