Hoarding of Naira Notes: Zulum Threatens to Revoke Banks’ Land Allocations – THISDAYLIVE

Kingsley Nwezeh in Abuja and Michael Olugbode in Abuja

This is coming as the Chairman of the Southern Nigeria Governors’ Forum and Ondo State Governor, Rotimi Akeredolu, has alleged that the scarcity of the naira could de-market the ruling All Progressives Congress in the forthcoming elections and called on President Muhammadu Buhari to address the issue before it snowballs into crisis.

“As you can see here, only the less-privileged people are queued up. I didn’t see rich people here. Many people are said to be here since 3:00 am; some could not even eat anything. The new naira note and even the old ones are not available, which is adversely affecting commercial activities in the state, and people are suffering,” the governor said.

Meanwhile, ICPC yesterday said it arrested bank officials in Dei Dei, Abuja, for hoarding naira notes. Facts available to the ICPC operatives indicated that the branch delivered the cash around 11:58 am and either willfully or maliciously refused to feed the ATMs with the cash. In another development, the EFCC has said it commenced an investigation of Oluwadarasimi Omoseyin, an actress and cosmetologist, for allegedly tampering with the redesigned naira notes, an offence contrary to Section 21 of the CBN Act, 2007.

Akeredolu, in a personal statement he signed, said the people had been compelled to live under excruciating pains occasioned by the naira and fuel scarcity. “The struggles and actual fights recorded in banking halls, ATM and PoS points, and markets across the country are disquieting.

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