APC PCC raps Peter Obi over stance on new Naira policy

The All Progressives Congress (APC) has criticised Peter Obi, the Labour Party’s presidential candidate, over his stance in favour of the Central Bank of Nigeria’s currency redesign policy.

On Sunday, Mr Obi said on his Twitter account that changing the country’s currency will help the country’s economy and society in the long run.

“The currency redesign is not peculiar to Nigeria. It is an exercise that comes with some inconvenience and pain but it has significant long term economic and social benefits. Even though there are improvements that can be made,” he said.

But in a statement released on Monday, Remi Omowaiye, the spokesman for the APC PCC in Osun State, said that the policy is meant to “inflict pain on Nigerians.”

Mr Omowaiye said that Mr Obi was working with bank employees to make life complicated for Nigerians.

“I am not surprised that Peter Obi is doing this, he has been a chairman of a bank before, most of the bankers are benefitting from this hardship, so I understand where he is coming from. Peter Obi has serious interest in Fidelity Bank. He went to keep Anambra money in the Fidelity Bank, which he ought to have been used to develop the state,” he said.

“Peter Obi has once again displayed to us and demonstrated to us that his business interest supersedes the interest of Nigerians because I don’t expect him to come out and start defending this policy . I would have expected him to sympathise with Nigerians and condemn this policy, this is the same way he has failed to condemn IPOB over the killing of innocent people.”

The APC PCC spokesperson asked the CBN to develop effective plans to help Nigerians instead of making them suffer before they can get the new naira notes.

“It is very important that this is a very Ill time policy. We are not saying they should not change currency but there should be enough strategy on how to do this. You collected old money from people, you forced us to bring old money to the bank, now it is the old money that you are returning back to people. It is obvious that Peter Obi wants to gain political profits from the agony of Nigerians,” he said.

“How did you explain it, people have money in the bank but they can’t access their money. There is unrest in some towns in Nigeria. Two people have been killed in Ibadan, there was also demonstration in Warri , people are going through hard times because of this policy,” he added.

“This is not the first time in the world that currency will be changed, when it was changed in the UK , they allowed the old currencies to fade out without putting a bottleneck in doing this.”

He was upset that the country didn’t have the proper infrastructure to switch to a cashless policy.

“The banks are not cooperating, most of the banks do not have network telecom infrastructure to take the capacity of people you want to migrate into cashless policy banking overnight, no one is saying you should not do your cashless policy but there is no country in the world today that is purely cashless policy, cashless economy,” he said.

“This is a Nigeria that we have in some states, particularly in the North where there is no bank in an entire local government. I was listening to Adam Oshiomole yesterday saying that in his senatorial district, just two local governments out of six have a bank,” he added.

“We can see that it is only Asiwaju that is sympathising with Nigerians. This is not about vote buying, since they introduced their policy, has that stopped people from trooping to our rallies, since they introduced their policy, has that stopped people from supporting Asiwaju massively.”

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