Naira Scarcity: CBN, Emefiele gave false information to President - Buhari's aide alleges

The senior special assistant to President Muhammadu Buhari on public affairs, Ajuri Ngelale, has accused the Central Bank Governor, Godwin Emefiele of feeding President Muhamadu Buhari with false information.

According to him, the implementation of the naira redesign policy by the CBN is a complete failure as it was was not properly structured to suit the entire country.

In an interview with TVC News, Ngelale noted that Nigeria is experiencing discomfort as a result of the scarcity of new Naira notes.

He said:

"At this point, it is obvious to everybody that the implementation of the naira redesign policy has been faulty, to say the least.

"We are witnessing massive amounts of discontent, we are seeing situations where our people are left camping outside overnight in ATMs hoping for the injection of new cash into those ATMs. We are seeing people on the streets boxing each other out trying to walk themselves through the doors of banking halls hoping to access the new naira notes."

He added: "What we are working to do is to ensure that Mr. President is given effective and true information and the report that has been given by the Central Bank of Nigeria that they have adequately supplied all banking branches in Nigeria with a sufficient amount of the new naira notes is absolutely false.

It is evident at this point and of course, Mr. President being the pro-people defender of the masses... did the right thing when the intelligence reached him that he was getting false intelligence from the Central Bank and was to extend the deadline from January 31 to February 10."

BS