Sunday, March 26, 2023

Buhari, Emefiele to tear Nigeria apart with recoloured naira scarcity: Kachikwu

Mr Kachikwu worries that a large part if the North don’t have bank branches and e-banking support.

• February 7, 2023
Dumebi Kachikwu , Emefiele and Buhari
Dumebi Kachikwu , Emefiele and Buhari

Dumebi Kachikwu, the African Democratic Congress (ADC) presidential candidate, says the scarcity of the new naira banknotes poses great threats to Nigeria’s peace. He also lamented that difficulty in withdrawing old notes is frustrating lives and livelihood.

Mr Kachikwu worries that large parts of the North don’t have bank branches and e-banking support.

“If this is not bad enough, the most political Central Bank governor in our nation’s history seeks to plunge our nation into further chaos. How else can one explain this ill-conceived naira redesign policy that ought to strengthen the value of our currency but now threatens our very existence as a nation,” Mr Kachikwu.

The ADP presidential standard-bearer added, “My heart broke as I watched the videos of those who stripped naked in banking halls all in a bid to collect their money. How do you speak of cashless banking in a country plagued by epileptic telecom networks and power blackouts? Who is deceiving who when many parts of northern Nigeria don’t have bank branches and lack the infrastructure to support e-banking? Was this not factored into the CBN givernor’s plan?”

The presidential hopeful stressed that Nigerians did not deserve further hardships, especially at a time when fuel was also not available in many parts of the country.

He noted that people queued for hours for fuel only to be told they could not buy because they did not have cash and the point of sale (POS) terminals were out of service due to unavailability of both the old and the new naira notes.

Mr Kachikwu said the February 25 presidential election should be an opportunity for Nigerians to restore, rebuild, revive and reclaim their country by voting wisely. He urged Nigerians to demand that all presidential candidates have public debates.

“They say they will transform the country from consumption to production and you all clap. The question is produce what, where and when. It is your right to ask questions. How do we enter an election like this without debating or discussing the issues, what is wrong with us, we create problems and then bring in a spiritual dimension,” Mr Kachikwu stated.


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

Katsina State


Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”



Meningitis: Avoid overcrowded, poorly ventilated areas, doctor cautions

The medical professional advised Nigerians to get vaccinated against meningitis and stay up-to-date with booster doses.

Adedotun Clement


EndSARS: Sanwo-Olu pays court-awarded N5 million damages to Lagos Uber driver

Mr Adedotun Clement was assaulted on October 20, 2021, by officials of the Lagos State Neighborhood Safety Agency and police officers at the Lekki Tollgate.

Lt-General Oladipo Diya


Abacha’s ex-Chief of General Staff, Oladipo Diya, dies at 79

“Our dear Daddy passed onto glory in the early hours of 26th March 2023,” reads a family statement announcing his demise.

Sofiane Boufal scores for Morocco in friendly with Brazil


Morocco beat Brazil 2-1 in international friendly

Saturday’s win against five-time World Cup winner Brazil was another statement that Moroccans World Cup performance last year was not a fluke.

Emmanuel Iwuanyanwu, the chairman of the Ohanaeze Council of Elders


Ohanaeze vows to ‘deal with political rascals,’ says Yorubas not at war with Igbos in Lagos

The statement comes a week after the Lagos governorship election, which was marred by voters intimidation, violence and ethic slurs.



2023 census technology cannot be manipulated, FG assures Nigerians

Nigerians have been asked to ensure that they’re counted during the conduct of the 2023 National Population and Housing Census.