Emefiele’s cashless policy disastrous – Shehu Sani

Civil rights activist and former Senator representing Kaduna Senatorial District, Shehu Sani has described the cashless policy introduced by the Central Bank of Nigeria, CBN, governor, Godwin Emefiele as disastrous and poisonous.

Sani was reacting amid hardship being experienced in withdrawal of money by bank customers leading to queues across the country.

In a statement he issued on Friday and sent to Track News , Sani wondered how public policy should be a catastrophe to people rather than being a succour.

He said: “The redesigning of the National currency and the cash withdrawal policy introduced by Godwin Emefiele is an economic disaster and a poisonous idea aimed at unleashing hardships on the masses of Nigerians.

“If the Buhari administration really wants to target the few corrupt, it doesn’t have to wait this long and it doesn’t have to impoverished punish the poor. Emefiele set a forest on fire in the name of catching a few rats.”

The ex-lawmaker posited that the apex bank has become a political institution, stating that as a developing nation, economic policies such as this would have taken the status of Nigerians into cognisance.

“The CBN has become a political institution and a home for serpentine and delirious economic ideas.

“The CBN under Emefiele has become a shrine for misery and a breeding ground for penury. It has become a republic within a republic,” he said