Presidential Candidates Are Bank Owners, Naira Notes Scarcity Not Affecting Them - Kwankwaso

Date: 02-02-2023 2:00 pm (1 month ago) | Author: Bayo Nelson
- at 2-02-2023 02:00 PM (1 month ago)
Online (m)

The presidential candidate of the New Nigeria Peoples Party (NNPP), Rabiu Kwankwaso, has talked about fellow presidential candidates. He says his contemporaries are not affected by the naira redesign policy because “they are owners of banks”. In October 2022, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), announced the plan to redesign the N200, N500, and N1,000 notes, and asked Nigerians to deposit their old notes before January 31, 2023, when they would cease to be legal tender.

Though the deadline has been shifted to February 10, many Nigerians have found it difficult to obtain the new naira notes. President Muhammadu Buhari has declared his support for the policy and said it would deter politicians from “mobilising resources to intimidate voters in the 2023 general election”.

Speaking on Sunrise Daily, a Channels Television programme, on Thursday, Kwankwaso said politicians, particularly candidates in the next month’s elections, are unaffected by the policy. The former governor of Kano said the elite have an influence on banks in the states, and would not feel any impact of the scarcity of currency.

“We in the NNPP are not comfortable with the three months and even the 10 days they are talking about. Many people who are in Abuja who are in the comfort of their offices or homes wouldn’t understand what is happening outside there,” Kwankwaso said.

“What the government is saying has to do with people who would want to take too much money, like leaders and politicians. They don’t know that many of our colleagues, those who are contesting, especially the presidential candidates, and by extension all those in their parties are owners of the banks.

“And not only that, people close to them have banks everywhere. So, they will lose nothing. PDP has governors, and APC has governors. Governors by now would have collected so much money from the banks in their states. “If their friends have got banks, I’m sure one or two of them may have banks or own large shares in some of these banks.

“Some people in politics may for some strategic reasons be complaining but those complaining I believe is just a gimmick, I don’t believe that they mean it. We believe they don’t have issues.

TheCable had reported earlier that Bola Tinubu, the presidential candidate of the All Progressives Congress (APC), said the naira redesign and lingering petrol scarcity were planned by saboteurs to deter his victory at the forthcoming elections.

Posted: at 2-02-2023 02:00 PM (1 month ago) | Hero
- alexidwayne at 2-02-2023 02:40 PM (1 month ago)
Thiefnibu and athiefku are the biggest share holders in most of the banks in naija.
Posted: at 2-02-2023 02:40 PM (1 month ago) | Gistmaniac
- fineboy77 at 2-02-2023 02:54 PM (1 month ago)
Online (m)
This clown

Posted: at 2-02-2023 02:54 PM (1 month ago) | Hero
- kp45 at 2-02-2023 05:20 PM (1 month ago)
What a system.
Posted: at 2-02-2023 05:20 PM (1 month ago) | Hero
- Ashilex at 2-02-2023 08:26 PM (1 month ago)
Is it the reason you are contesting.Birds of the same feather
Posted: at 2-02-2023 08:26 PM (1 month ago) | Upcoming
- gogoman at 2-02-2023 10:32 PM (1 month ago)
we rule!!!!!
Posted: at 2-02-2023 10:32 PM (1 month ago) | Grande Master
- Allsense at 2-02-2023 10:48 PM (1 month ago)
Including you
Posted: at 2-02-2023 10:48 PM (1 month ago) | Gistmaniac


  1. MTN Debunks Report That 2 Of Its Employees Among Those Killed By Gunmen In Imo

  2. De Rock Club Owner, Adepoju Sunda Arraigned For Allegedly Defrauding Americans

  3. Singer, Davido Rebrands DMW Label, Signs Two New Artists

  4. EFCC Arrests 23 Suspected ‘Yahoo Boys’, Recovers 6 Exotic Cars, 43 Phones, Laptops, Charms

  5. Families Of 39 Slain Nigerians During 2023 Election, Victims Seek Justice

  6. EFCC Arraigns Ex-ABU VC, Bursar Over N1b Fraud

  7. How Over N2.5m Alcohol Confiscated By Hisbah In Kano

  8. 9 Person Reportedly Died, 5 Injured in Different Auto Crashes In Bauchi

  9. Video Shows Bishop David Oyedepo Addressing Wife's "Reversed Miscarriage" In Church

  10. U.S Increases Visa Application Fee From March 30

  11. Star Footballer, Cristiano Ronaldo Shows Of His 8m Euro Bugatti Centodieci in Madrid

  12. Bandits Kill Man Moses Tanko, Two Weeks After Abduction In Niger

  13. Agian, Buildings, Property Worth Millions Of Naira Destroyed By Rainstorm In Ondo

  1. We’ll Make Nigeria Ungovernable If Labour Party, PDP Attempt To Stop Tinubu’s Swearing In - FFK

  2. Afenifere Throws Weight Behind Obi's Decision To Challenge Election Result, Insists He Won

  3. Former Gov. of Zamfara, Yari Joins Race For Senate President

  4. APC Supporters Protest in Abuja to Demand Congratulatory Messages For President-elect Tinubu.

  5. BREAKING! Nollywood Actress Gbemi Anjola Dies After Prolonged Battle With Ovarian Cancer

  6. Reno Omokri Apologizes To Peter Obi After Accusing Him of Rigging Election (Video)

  7. Cameroonian Lady Commits Suicide After Boyfriend She Sponsored To America Dumped Her

  8. If Tinubu Can Create A Seaport In Anambra; Igbos Will Worship Him – Actress, Cossy Ojiakor

  9. Charly Boy Reveals Plan To Join, Take Protest To Next Level Over Election Results

  10. Tinubu’s Daughter Speaks On Dad’s Electoral ‘Victory, Begs Nigerians to Support Him