“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.
