Group Unleashes Venom On CBN Over Proposed New Naira Notes

Afimag.com –

A Northern Group, under the aegis of Concerned Northern Forum has unleashed its venom on the Central Bank of Nigeria (CBN) following her plot to accord naira a new look.

The Concerned Northern Forum, while expressing their displeasure said the CBN’s current disposition on naira notes will further deteriorate the nation’s economy.

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Describing CBN’s Plan on new naira notes as illogical, the group, however, called for the suspension of naira redesign, saying that its economic implications will plunge the nation into more economic crises.

The group who spoke through her Public Relations Officer, Abdulsalam Kazeem, threatened to embark on massive protest across the region and Federal Capital Territory for failure to meet their requests.

“It is important for Concerned Northern Forum, a coalition of over 73 civil society organisations in Northern Nigeria, poised with the aim of advocating, promoting and defending the interest and values of the people of the north.

“To say this move is not only illogical, considering its economic implications at the moment, but a way to plunge Nigeria and Nigerians into more economic depth and crises that would require many years to resuscitate.

“There is no law against saving and keeping one’s money and transacting business outside the purview of the banks.

“Banks have always been perceived by our people as the creation of the elite used to run businesses and make profits from the savings of the masses.

“We must state categorically clear that the large population of Nigerians have lost confidence in the current leadership of the CBN to initiate and introduce policies that would improve the economy of our dear nation.

“So therefore, we maintain our earlier position which includes the immediate suspension of the whole process of the new naira design; the immediate sacking of Mr Godwin Emefiele and his team for failing Nigerians and prosecution of those behind this devilish and wicked agenda.”