By Uzair Adam Imam
The opposition political parties have urged the Central Bank of Nigeria (CBN) not to bow to pressure on the extension of the deadline for phasing out old naira notes in the country.
The CBN Governor, Godwin Emeifele, has identified the 31st of January as the deadline, the decision many people continue to criticize due to the unavailability of the new naira notes.
As the deadline is approaching, the banks in Kano and other states across the country are congested with people who go there to cash out the new naira notes and deposit the old ones.
Several authority figures in the National Hause of Assembly, including the state governors, the likes of Dr Abdullahi Umar Ganduje, have asked the CBN governor to shift the deadline.
However, the opposition political parties urged the CBN governor not to extend the date, adding that the decision would seriously affect the Presidential Candidate of the ruling All Progressive Congress (APC), Asiwaju Bola Ahmed Tinubu.
The Peoples Democratic Party (PDP), the Labour Party (LP) and the Zenith Labour Party (ZLP) said these views Friday in separate interviews in Abuja.
Tinubu is frustrated – PDP
Mr Phrank Shaibu, the spokesperson for the Presidential Candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, said Tinubu is frustrated with the decision.
He stated, “Tinubu is obviously frustrated by his inability to stop the cashless policy and currency redesign of the Central Bank of Nigeria (CBN) that will curb vote buying and enhance the credibility of next month’s election, he has begun crying over his imminent defeat.
“Even though the CBN policy affects all 18 political parties, APC is the only one frustrated because their plan to deploy bullion vans and bribe poor voters and security agents on the day of election has failed woefully.”
Naira redesign is a patriotic decision – ZLP
Speaking in a similar vein, the Presidential Candidate of the Zenith Labour Party (ZLP), Chief Dan Nwanyanwu, described the CBN Naira redesign policy as a patriotic decision which should be supported by all.
He said, “I want to use this opportunity to call on Godwin Emefiele, governor of the central bank, not to succumb or listen to anybody from anywhere suggesting that there should be an extension for the return of the old note back to the bank.
“His name will be written in gold if he gets this thing done. And on the part of the President, his mantra failed Nigerians, and he has come up to tell Nigerians that he will ensure free and fair elections.
“I want to say that the decision taken by the central bank of Nigeria and with the approval by President Buhari is the best for this nation.
“It is a patriotic decision taken by CBN as it relates to the new banknote and the time stipulated for the removal of the old note.”
He further said, “We have been in this country and people given the responsibility to serve to go there to help themselves.
“They steal the money and put it to personal use. They don’t use it to even develop their environment.
“They stack the money at home, in septic tanks, in the farm, and some of these funds have been there for more than ten, fifteen years, idling away. So why do you steal what you do not need?
“So, the CBN had to put on its thinking cap. Those categories of naira notes, if not returned before the date stipulated by CBN, would become toilet paper.
“That is, will be of no use. Now people are afraid to take these notes to the banks for fear of being identified.
“Billions and millions of naira notes are still in the homes of some people. It is either they take the courage to bring it to the banks, or by the end of next week, they become toilet paper.
“This is one way to ensure free and fair elections by making we politicians not have access to money to buy votes.
“So, whether they are National Assembly members or anybody whatsoever who is opposed to this is very unpatriotic.
“Must you carry cash in all your transaction? Go and do the transfer? Let us not cry, we have been enduring for seven and half years.
“This money will get back into circulation immediately after the election, and I suspect CBN will release a little so that Nigeria will have some money in their hands. Those crying are crying because they want money to go and buy votes.
“Emefiele, don’t succumb, you have the support of most Nigerians. Over 95 per cent of Nigerians are behind you in this regard.”
APC plays cash and carry politics – LP
Also, the National Publicity Secretary of the Labour Party, Dr Yunusa Tanko, said, “We are not surprised that those at the forefront of cash and carry politics, who are used to deploying bullion vans for election purposes, are the ones complaining about this laudable government policy targeted at curbing inflation.
“Look at the inflation figures today, inflation numbers are coming down. The CBN must not back down, the bank should insist on the January 31st date to prevent a situation where those who have stashed billions in their closet with the aim of buying votes will be denied that opportunity. “