Naira swap crisis
A civil society group, Congress for Rights Of Yoruba Nationalities (CROYN), has called for the prosecution of the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, and the Attorney General of the Federation/Minister of Justice, Abubakar Malami...
Given the fiasco that currency note swap has engendered, on hindsight it must sound amazing how we could have thought of stoking two irons in the fire at the same time. I am referring to the currency note change and enforcement of electronic banking on the one hand and general elections on the other. How could we have done one without the other?
Millions of innocent and law-abiding Nigerians did not see this coming. One is talking of course, about the Naira swap saga that has seen an unexpected wave of cash crunch visited on the long-suffering populace without the brains behind it considering the grave implications on them.