Naira Redesign Will Hurt Politicians More – Sanusi Lamido

A former Central Bank of Nigeria governor, Sanusi Lamido Sanusi, has said the naira redesign policy will hurt politicians more than ordinary citizens of the country.

The former Emir of Kano urged citizens not to fall for the rhetoric against the policy as coming from politicians.

This is as he revealed that the policy has tendered useless the loot stolen by the politicians over time.

He said, “This policy (naira redesign policy) has been underway for more than 10 years. And Nigeria is ripe for the policy since we have a way of transaction apart from physical currency (bank notes or coins).”

“My second advice is that Nigerians should be careful with what politicians say. Politicians will suffer more from the policy not ordinary Nigerians. They spend four years looting public funds and torturing their people, yet when another election round comes, they bring the money to buy votes and security apparatus and INEC officials; and sponsor thugs to destabilize elections process.

“The policy would reduce rigging and similar activities during election. If you want to give an INEC official, a police officer or a judge some money, send via banks where it can easily be identified.

“Nigerians should welcome this new policy as it will give them a chance to vote whom they like, not those who can hire thugs or buy votes during elections. In the past those with highest loot were the ones to rig their way to power. Now even if someone stashed some money, it useless as the notes have been changed.”