Naira Scarcity: Emefiele plans to scuttle Tinubu’s victory, says ex-minister

Former Minister of State for Works, Dayo Adeyeye, has accused the Central Bank Governor, Godwin Emefiele, of planning to scuttle the February 25 presidential poll.
“The punishment suddenly imposed on Nigerians by CBN is totally unnecessary. Emefiele (Godwin) and his cohorts have their own ulterior motive,” Mr Adeyeye alleged.
Speaking in Akure on Monday, Mr Adeyeye said Mr Emefiele was the “most controversial CBN governor” in Nigeria’s history, saying he introduced the cashless policy to work against Bola Tinubu of the APC.
He specifically lampooned the CBN governor, stressing that swapping policy from the old currencies to the new notes was already taking its toll on Nigerians.
The National Coordinator of the South West Agenda for Asiwaju Tinubu (SWAGA), added that the CBN governor adhere to the advice given to him on the way forward.
“With the situation, they have inflicted pain on Nigerians. Emefiele should heed Asiwaju’s suggestion to solve the situation.
“Emefiele has become the most controversial and partisan CBN governor in the history of Nigeria. He has become extremely controversial.
“Either he likes it or not, the people of Nigeria know what is going on. Tinubu will win this election,” Mr Adeyeye added.
In 2022, the Emefiele-led CBN announced the introduction of the redesigned N200, N500, and N1,000 banknotes into the financial system of the country.
Since the introduction of the newly redesigned naira notes, and amid nationwide currency scarcity, many Nigerians have battled to swap currencies.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Economy
N2.2 trillion IPO: Dangote Refinery targets 10 million subscribers
The offer is expected to be one of the largest equity offerings in Nigeria’s capital market history.

States
Kogi exco lauds Tinubu, approves airport construction, other projects
Mr Ododo expressed appreciation to the president for the pace and quality of work on the highway.

States
2027: Aiyedatiwa warns against anti-party activities, urges support for Tinubu
He charged the party’s 18 local government and 203 ward chairmen to intensify grassroots mobilisation.

Politics
NDC women group rallies support for Obi, other candidates ahead of 2027 elections
Mrs Okere commended all the NDC members for their steadfastness.

Economy
Benue signs $250 million food city complex deal
Mr Alia said the project marked a significant milestone in translating Benue’s agricultural resources into wealth.

Economy
27 vessels to arrive Lagos ports with petroleum products, food items: NPA
NPA also said 20 vessels were currently discharging various commodities at the three ports.





