Group alleges plan to use $5m to thwart new CBN cashless policy

A youth group has alleged that there’s a well orchestrated comprehensive plan by some persons to sabotage the new central bank of Nigeria’s policy on withdrawal limit.

According to the group, the plan includes use of $5 mil­lion to launch an on­slaught against the CBN’s policy.

The Ethnic Youth Leaders Council of Nigeria (EYLCN), which exposed this during a press conference in Abuja on Friday, berated the Speaker of the House of Representa­tives over the resolution of the House against the CBN policy.

Addressing newsmen in Abuja, the Secretary of the group, Peter Abang said that the plot against the CBN policy is a plot to attack and undermine President Muhammadu Buhari and the government’s policy on cash withdrawal limit.

He said: “We have, however, uncovered a well-oiled plot to discredit the cash withdrawal limit by politicians with sto­len funds in their possession. These unscrupulous politi­cians are plotting to attack and undermine President Muhammadu Buhari and the government’s policy on cash withdrawal limit.

“Information in our custody is that these enemies of state have pooled over $5 million with which they hope to launch an onslaught against the policy beginning from next week.”

Explaining how the attacks will be carried out, Abang said, “their attacks will include coor­dinated media manipulations, interviews, columns, articles, op-eds, and adverts.

“They will also hire and cre­ate several faceless groups to hold rallies and protests for a fee and they will address media briefings and render false statis­tics in order to sway the people.”

Berating the Speaker of the House of Representatives, the Ethnic Youth Leaders Council of Nigeria said that the reso­lution against the withdrawal limits could be called illegal, abuse of office and the height of legislative rascality.

“How could one use pub­lic office specifically to work against the people who elected him into such office? This calls for a thorough investigation into the mandate on which these men are standing be­cause if they are not afraid of the people, who are expected to vote them back into office, then they know they do not rely on the votes of the people to get into office,” he said.