{"id":250526,"date":"2023-02-21T10:19:16","date_gmt":"2023-02-21T09:19:16","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=250526"},"modified":"2023-02-21T10:19:16","modified_gmt":"2023-02-21T09:19:16","slug":"csos-challenges-fg-cbn-on-hoarders-of-naira-notes","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/02\/21\/csos-challenges-fg-cbn-on-hoarders-of-naira-notes\/","title":{"rendered":"CSOs challenges FG, CBN on hoarders of Naira notes"},"content":{"rendered":"

A coalition of civil society organizations (CSOs) has urged the federal government to order security and anti-graft organizations to remove the new naira notes that are allegedly being kept in a select few people’s homes and offices after being mopped up.<\/p>\n

The CSOs made this statement in response to the Federal Government’s assertion that some individuals were hoarding billions of old Naira notes in well-known locations.<\/p>\n

On February 15, CBN Governor Godwin Emefiele<\/a> also charged some politicians with hoarding the newly designed notes.<\/p>\n

Emefiele claimed that as people struggle to obtain the new naira, long lines at banking halls and automated teller machines (ATMs) are a result of politicians’ mopping-up of notes.<\/p>\n

In Abuja, the CBN Governor gave a briefing to the diplomatic community on recent monetary policy decisions made by the central bank.<\/p>\n

\u201cThe CBN has also noticed that some politicians are buying the new notes and storing them for political purposes,\u201d he said.<\/p>\n

But the coalition of CSOs challenged the Federal Government and the CBN to expose those hoarding the new and old notes.<\/p>\n

The coalition, comprising of no fewer than 38 CSOs included; Civil Society Legislative Advocacy Centre, Say no Campaign, Centre for Democracy and Development (CDD), Connected Development Budget; among others made the call at a news conference on the state of the nation in Abuja.<\/p>\n

\u201cAfter all, operatives of the State Security Services invaded the residences of alleged corrupt Judges in October 2016 and carted away thousands of dollars and millions of Naira.<\/p>\n

They also urged the CBN to publish details<\/a> of the amount of the redesigned Naira notes disbursed to commercial banks.<\/p>\n

\u201cThe CBN Governor, Mr Godwin Emefiele, has said that the billions of the redesigned notes disbursed to the commercial banks have been mopped up by some corrupt politicians.<\/p>\n

\u201cTo safeguard our democracy and protect the working and living conditions of our people, we call on the Federal Government to put in place measures to ensure that the suffering of the Nigerian people is eliminated and make citizens have access to cash,\u201d they said.<\/p>\n

They also urged the Federal Government to make available the lower denominations of the naira for the operations and convenience of citizens.<\/p>\n

The CSOs expressed concern over the cracking down of protest adding that the culture of protest should be respected in a democracy, as it is the voice of the people<\/p>\n

The representatives of the CSOs at the conference are; Mr Auwal Rafsanjani, Executive Director CISLAC, Dr Tobi Okuwatoba, Head of CJID, Dr Ibrahim Zikirullahi, CEO CHRICED and Mr Jaye Kaskiya among others .<\/p>\n","protected":false},"excerpt":{"rendered":"

A coalition of civil society organizations (CSOs) has urged the federal government to order security and anti-graft organizations to remove the new naira notes that are allegedly being kept in a select few people’s homes and offices after being mopped up. The CSOs made this statement in response to the Federal Government’s assertion that some 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A thinker. A dreamer. An entrepreneur. An Entertainment blogger. Mail me at ifydaviesng@withinnigeria.com. 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