NYSC, students; CBN: Stop ‘Clean vs Dirty notes’ scam | The Nation Newspaper

Again, more attacks on youth – students, undergraduates and corps members.

Imagine a whole past CBN management team criminally neglecting audits for six years- breaching CBN anti-corruption law. This ‘Forensic Auditing with Culprits’ model is underutilised in the Nigerian corruption-infested governance structure. To stop the corruption pandemic infecting the new CBN, Nigeria must insist on a COMPULSORY ‘PUBLISHED QUARTERLY FORENSIC AUDIT’ compiled into the ‘THE ANNUAL FORENSIC AUDIT’, within two weeks of year end giving immediate online results.

We welcome the new governor, Yemi Cardoso and the deputy governors’ team to the stinking/sinking apex bank ship in Nigeria, a metaphor for citizens’ economic woes and the institutionalisation of the decline and fall of our tormented naira. That naira fall is CBN’s yoke especially as CBN is said to have printed unbacked currency, ignored or facilitated round-tripping of forex inflows with collaborators masquerading as corporate and murky oil industry gurus.

Nigeria cannot afford a Nollywood-like sequel to CBN pre-2015-2023 financial meltdown film or stage play entitled “2015-2023- CBN Fiscal Fiasco”. The new CBN team must study the wrongs from the past CBN management team and jettison bad precepts of bad predecessors to avoid being stars in the ‘Annals of Nigeria’s Fiscal Failure and Economic Emasculation’.

Indeed, all Nigerians in leadership positions must reassess their positions, roles and legacy and determine to reduce their greed-expectations for power over OPM-Other People’s Money. Most Nigerians inexplicably happily disgrace their parentage, pedigree and old school for ‘filthy lucre’ which deprives the needy. Today, Nigerians, following the currency collapse disaster from Babangida to 2023, need every naira, and dollar, monitored and spent appropriately.

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