Ahead of 2023 general elections, investigation and emerging details have revealed that the Governor of the Central Bank of Nigeria, Mr. Godwin Emiefele is set to release about N30 billion new redesigned currency notes to Alhaji Abubakar Atiku, the Presidential Candidate of Peoples Democratic Party, PDP, in the next three days going by their agreement.
Sources said that the release is routed through the Managing Director of Access Bank, Mr. Roosevelt Ogbonna, in a ploy to provide financial advantage to the PDP presidential candidate following the insistence of CBN of not extending the deadline of January 31, 2023 for the exchange of old notes.
Those close to the Apex Bank revealed that the huge sum to be released to Alhaji Atiku was responsible for the scarcity of the newly redesigned notes in commercial banks and Automated Teller Machines, ATMs of banks.
“Most of the banks don’t just have the newly designed currency as the available quantity for distribution is being warehoused on the instruction of CBN governor.”
It is now clear where the fund is to be channelled and why there persists scarcity with less than a week to the CBN imposed deadline,” the source stated.
Investigations and emerging details have revealed that the Governor of the Central Bank of Nigeria, Mr. Godwin Emiefele is set to release about N30 billion new redesigned currency notes to Alhaji Abubakar Atiku, the Presidential Candidate of Peoples Democratic Party, PDP, in the next three days going by their agreement.
Sources said that the release is routed through the Managing Director of Access Bank, Mr. Roosevelt Ogbonna, in a ploy to provide financial advantage to the PDP presidential candidate following the insistence of CBN of not extending the deadline of January 31, 2023 for the exchange of old notes.
Those close to the Apex Bank revealed that the huge sum to be released to Alhaji Atiku was responsible for the scarcity of the newly redesigned notes in commercial banks and Automated Teller Machines, ATMs of banks.
“Most of the banks don’t just have the newly designed currency as the available quantity for distribution is being warehoused on the instruction of CBN governor. It is now clear where the fund is to be channelled and why there persists scarcity with less than a week to the CBN imposed deadline,” the source stated.
It will be recalled that the stated goal of the redesigned currency and limitation on withdrawal was aimed at discouraging money influence on the forthcoming elections as well as promotion of cashless economy.
In recent times, Mr. Emiefele has been involved in many controversies, including allegations of terrorism financing with the Directorate of State Service seeking legal means to investigate him.
Source: Newsheadline247
President Bola Tinubu has asked the Senate to approve a bill seeking to establish the…
Operatives of the Nigeria Police Force have arrested a suspected ritualist, Saheed Babalola, for allegedly…
Political Realignments, Youth Exclusion and Cost of Living Dominate Abioye's Newspaper Review Analysis OSUN: Media…
Stefanie Kim Ladewig, the eight-month pregnant girlfriend of Super Eagles striker Victor Osimhen, has escaped…
As enrolment continues to rise and economic conditions remain tight, student housing crisis has deepened,…
Popular Nigerian gospel singer, Olayemi Bayonile Bolaji, known as Toluwanisings by many of fans is…