• News - North West - Kaduna
  • Updated: February 03, 2023

Naira Scarcity: El-Rufai Accuses Fellow Governor Of Withdrawing N500 Million New Notes

Nasir El-Rufai has accused a fellow governor of withdrawing N500 million of the new naira notes amid the scarcity in the country.

The Kaduna State governor made the allegation in a recent interview with BBC Hausa, stating that politicians who are the targets of the naira redesign policy already have their way.

“It is not wrong to change currencies, every country does but you can not change it at this season of elections and give this limited time, where in this world has that ever happened?”

“Politicians and big businessmen who are targeted by the policy have their ways of accessing the new notes, some of them own the banks, but what of poor, petty traders?

“All APC governors met on the issue, we saw how people suffer, we support the change of currency but time should be extended to months.

“We said let CBN, banks managers and we governors sat and discussed the issue, let’s work together and have a proper plan on how to go about it, we should have plans to follow people to their homes, villages and change the notes for them but not forcing them to go to banks which take some of them a hundred kilometres.

“I tell you this change does not affect politicians, they have their money and they are prepared, they know how to access the new notes, it is poor don’t have ways, even yesterday we were told one of the governors was given 500 millions of the new notes”, El-Rufai stated.

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