“Emefiele may have chosen Naira redesign just to discredit APC” – Adams Oshiomhole

Adams Oshiomhole
Adams Oshiomole (Credit: The Letterman)

Former Governor of Edo state, Adams Oshiomhole suspects that the Naira redesign policy might have been introduced by the CBN governor, Godwin Emefiele to disrupt the elections scheduled for February 25 and March 11. 

Oshiomhole said this when he showed up during an interview with Channels Television on Sunday, February 5, he described the policy as ill-conceived, not well-thought-out and poorly timed, adding that Godwin Emefiele took advantage of President Muhammadu Buhari’s anti-corruption posture to manipulate him against Nigerians.

The former Governor also accused Emefiele introducing the new Naira redesign policy to discredit the APC since he didn’t continue with his presidential ambition after buying the form to contest for the party primaries.

Oshiomhole said; 

“I am sorry to say that it is not a secret that he wanted to contest for the APC presidential ticket. 

He bought N100 million APC nomination form and the President directed that all those who wanted to contest for the presidential ticket should resign their appointments.

I remember that during that time he went to the Villa, I believe, he went to consult and when they asked him if he had been cleared to proceed on his political ambition, he said, there will be big news soon.

The only news we have heard is this change of currency. We have not heard the news of why he didn’t proceed with his political ambition.

We didn’t hear anything from him. The only news we heard is the naira redesign. Emefiele could have chosen a policy that will discredit the party.

And unfortunately, everybody knows that President Buhari’s constituency in Nigeria is the army of the poor.  

The elite have never supported him. And it is these poor people who are hit the most by this policy.

When you talk about vote buying, we have moved from a situation that all you need is to compromise the police and the INEC, then, you write the results and they are declared and you start balancing the ballot paper later.

You can see that the tension in the bank is not to eliminate abuses, but to prevent the election from taking place.

The policy will hurt the election process as the INEC will have to revise its budget as the allocated funds to buy PMS and to bring election materials cannot meet that need now.

It is in that context that whoever scuttles the election would have scuttled the chances of the APC winning the election.

I am happy that the National Assembly captured the mood of the people. This is because what separates dictatorship and democracy is the presence of the parliament.

They live and represent 360 constituencies across the 774 local government areas in Nigeria. They are in touch with their people and they have spoken.

I believe that Emefiele, knowing the posture of the President against corruption, used that to achieve other objectives”.

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