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
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
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.”
States
Lagos government seals church for noise pollution
Mr Wahab said the state government will not tolerate environmental violations that disrupt residents’ peace and well-being.
NationWide
Nigeria among most terrorised countries; tell citizens how many you’ve lifted out of poverty, hunger, Obi challenges Tinubu
Mr Obi asked Mr Tinubu to state how many Nigerians his administration has pulled out of poverty and hunger.
Anti-Corruption
SERAP asks EFCC, ICPC to scrutinise FG’s N50,000 relief scheme
The demand followed the ministry’s announcement that the intervention would provide N50,000 in financial assistance to vulnerable Nigerians.
World
Nigeria’s foreign affairs minister emerges as Commonwealth group’s vice-chair
Mrs Odumegwu-Ojukwu’s appointment underscores Nigeria’s continued participation in Commonwealth affairs.
Sport
NSC hails Flamingos’ historic win as sign of sports rejuvenation
Nigeria’s Flamingos made history after emerging champions of the FIFA U-17 Women’s World Cup Morocco 2026 on Saturday night.
Sport
U-17 Women’s World Cup: “Flamingos were stronger, faster”, Japan coach on loss in final
Nigeria defeated Japan 2-1.
