Journalism in the service of society

Naira redesign won’t fight corruption, only make people suffer – Wike

THE governor of Rivers State, Nyesom Wike, commented on the widespread shortage of the newly printed N200, N500, and N1,000 banknotes, informing President Muhammadu Buhari that the strategy will not tackle corruption.

Buhari has on several occasions, defended the Central Bank of Nigeria’s (CBN) expeditious release of the new notes and the gradual phaseout of the old notes over the past weeks.

Despite the difficulties the policy has caused since implementation in December 2022 with the release of the new notes, the President still supports it.

According to the government, the CBN’ s decision, was intended to target corrupt politicians and those who hoard illicit funds in the run-up to the general elections set for February 25 and March 11.

Wike, today, however, speaking at a Peoples Democratic Party (PDP) rally in Okrika Local Government Area (LGA), Rivers State, gibed at the implementation.

“Mr President, I know the pressure. But please, since two of us are going at the same time, this policy has nothing to [do with trying to] fight corruption at all. It has nothing to [do with trying to] fighting politicians at all,” he said.

“The policy aims to suffer the people who elected us to govern over them (sic). Our business is not to make the people suffer. We all know how to fight corruption; we all know how to fight politicians. This particular one does not come in at all.”

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