‘Politicians will suffer more from Naira redesign policy than ordinary Nigerians’ – Former CBN gov, Muhammadu Sanusi




The 14th Emir of Kano and former Governor of the Central Bank of Nigeria (CBN),  Muhammadu Sanusi, has beseeched Nigerians to support the Naira redesign and cashless policy as politicians will suffer more from it than ordinary Nigerians.


While addressing Nigerians in a statement released on social media on Monday, February 20, he said that people should be careful not to fall for the manipulation of politicians. He revealed that the policy was not new that it has made the “loot stashed away by politicians useless.


“This policy, naira redesign policy has been under way for more than 10 years. And Nigeria is ripe for the policy since we have way 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 elections process.

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

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

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