Opposition Parties Hail Emefiele Over Redesigning Of Naira


·        Say It Will Have Adverse Effect On Vote Buying In 2023

Opposition political parties have commended the Central Bank of Nigeria (CBN) for redesigning the naira notes.

The opposition, under the aegis of the Coalition of United Political Parties (CUPP), said that the move will have a serious effect on vote buying in the 2023 election.

The CUPP, in a statement by Kenneth Udeze, the National Chairman of Action Alliance (AA) said that the leaders of political parties in Nigeria received the news of the issuance of new Naira notes for the higher denominations of N200, N500 and N1,000 by the Central Bank of Nigeria with excitement.

The Coalition said that they followed and monitored the comments of experts on the immense benefits of the policy on the Nigerian economy, saying they agreed with them.

“However, as leaders of political parties in Nigeria and concerned that there is an impending general election within the next four months, we viewed the policy from the prism of its effect and implications on the election and on that basis, we praise the policy on issuance on new banknotes.

‘This support for the policy is on the basis that the apex bank insists on not shifting the deadline date of 31st January 2023. We urge the people of Nigeria to stand with the CBN Governor and demand that the set date becomes sacrosanct.

“There is nothing like the window is too short. It does not require a month for one to take money to the bank except if there is something they are hiding.

“We consider that this policy is the most fatal blow to vote buying and vote buyers in Nigeria and if as we believe is properly implemented, the 2023 general election will be determined by the actual votes of the people since the BVAS machine also introduced by INEC will expectedly remove all incidents of ghost voters and result sheet snatching while ensuring the electronic transmission of results straight from the Polling Units and also electronic accreditation of all voters such that a number of voters electronically accredited will not be less than the number of votes cast,” the opposition said.

The CUPP called on all Nigerians to contribute their support in whatever way so as to ensure that vote buyers do not use their illegal money to buy the opinions of the people against the policy.

“With the cleaning of the voter register which INEC has done, the deployment of the BVAS and now with the fatal blow on vote buying, Nigerians can have confidence that the 2023 elections will be free and fair.

“All the cash which has been stashed in various warehouses will now have to go back to the banks and we urge that the CBN also resists pressure to print large volumes of cash.

“Electronic transfer of money should be encouraged now and we call on all relevant security agencies to be vigilant in identifying politicians who have questions to answer when they return billions which they cannot explain their sources.

“Whistleblowers should also be on the lookout because many tanks, private vaults, and cases where Naira had been stashed in the past will be opened soon.

“We appreciate and applaud the courage of the Governor of CBN, Mr. Godwin Emefiele. We urge him not to rest on his oars and we declare that by this singular move he has deservedly become the hero of the 2023 general election.”


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