• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, June 9, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Naira Swap, Cash Withdrawal Limit Policies Must Be Reversed, Northern Groups Insist

by Moses Orjime
2 years ago
in News
Naira swap
Share on WhatsAppShare on FacebookShare on XTelegram

The Coalition of Northern Groups (CNG) has restated its demand for the immediate reversal of the cash withdrawal limit policy of the Central Bank of Nigeria (CBN) and the time-frame for the exchange of old Naira notes, saying Nigerians should no longer be expected to continue to tolerate the high-handedness of the Governor of the CBN, Godwin Emefiele, which is already pushing the nation to the brinks.

Advertisement

 

A statement by CNG spokesperson, Abdul-Azeez Suleiman, a copy of which was made available to LEADERSHIP on Friday in Abuja, described the insistence of the CBN Governor on a short deadline for the Naira swap and limit for cash withdrawal as insensitive, irrational, unthoughtful and a clear recipe for disaster.

 

“The CNG finds it curious that an individual appointee of government would assume such arrogant larger than life status to push harsh difficult conditions on an entire nation just to achieve his personal desires.

RELATED

Ndume Urges Federal Gov’t To Provide Emergency Feeding Centres For Borno Flood Victims

Buratai Town, Not Ex-Army Chief Attacked, Ndume Clarifies Comment On TV

47 minutes ago
Forum Salutes Tinubu, Umahi Over Infrastructural Development In North

Tinubu Has Tackled Herders, Farmers Crisis In South-East — Umahi

59 minutes ago

 

“It is important for Emefiele to begin to accept the reality that no one owns Nigeria and Nigerians and that the nation is angry and would not be expected to tolerate, accommodate or condone destructive actions by officials who choose to play God,” Suleiman said.

 

CNG warned that there is already a raging national anger over the mass sufferings brought about by the new regime of economic policies that are clearly not working.

 

Already, confusion has set in, millions of households were going hungry, businesses were closing down with palpable anger mounting all across the country.

 

“It is the peak of official impunity to insist on the imposition of and implementing a financial policy in an unstable economic environment that lacks the necessary infrastructure to operate it.

 

“Based on this, the CNG hereby categorically rejects in its totality any further attempt to throw the nation into confusion by a single individual’ rigidity, whoever that individual may be.

 

“We condemn with all our might the suspicious rigid desperation by Emefiele to implement these policies without ensuring the intensification of public enlightenment about the cashless system so that everybody will be acquainted with the system, since there is a high rate of illiteracy.

 

“We reject these ignoble policies sought to be imposed on Nigerians without government providing uninterrupted power supply and adequate communication link. ‘The imposition of these policies without addressing the issue of network failure is also suspicious, smacks of a hidden agenda and therefore unacceptable.

 

“Finally, the CNG holds that it is unacceptable for a single individual to be allowed to hold the entire nation to ransom in the pursuit of his personal political agenda having lost the bid to contest the presidency.

 

“And for the avoidance of doubt the CNG may be left with no option than to join the calls for a nationwide sustained protest if the CBN fails to make the new naira notes available and readily accessible,” the group added.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


SendShareTweetShare
Previous Post

Police Arrest 2 With Counterfeited New Naira Notes In Enugu

Next Post

SWAN FCT Condoles Siasia Over Father’s Death

Moses Orjime

Moses Orjime

You May Like

Ndume Urges Federal Gov’t To Provide Emergency Feeding Centres For Borno Flood Victims
News

Buratai Town, Not Ex-Army Chief Attacked, Ndume Clarifies Comment On TV

2025/06/09
Forum Salutes Tinubu, Umahi Over Infrastructural Development In North
News

Tinubu Has Tackled Herders, Farmers Crisis In South-East — Umahi

2025/06/09
2027: Group Launches Portal To Support Tinubu
News

2027: Group Launches Portal To Support Tinubu

2025/06/09
Naira Swap: Kwara Police To Patrol Bank Areas, Warns Hoodlums
News

Police Arrest 27 Criminal Suspects In Kaduna

2025/06/09
Police Deny Purported Killing Of Officers
News

Police Rescue, Arrest Suspected Cultist From Mob Action

2025/06/09
AfCFTA: Oyo ‘ll Protect Investors’ Interests With Strong Legislation — Makinde
News

AfCFTA: Oyo ‘ll Protect Investors’ Interests With Strong Legislation — Makinde

2025/06/09
Leadership Conference advertisement

LATEST

Buratai Town, Not Ex-Army Chief Attacked, Ndume Clarifies Comment On TV

Tinubu Has Tackled Herders, Farmers Crisis In South-East — Umahi

2027: Group Launches Portal To Support Tinubu

Police Arrest 27 Criminal Suspects In Kaduna

Tems, J Balvin, Doja Cat To Headline First-ever FIFA Club World Cup Halftime Show

Police Rescue, Arrest Suspected Cultist From Mob Action

AfCFTA: Oyo ‘ll Protect Investors’ Interests With Strong Legislation — Makinde

Kidnappers Release Corpse Of Retired Army Major After N10m Ransom In Kogi

Security Operatives Rescue 11 Kidnap Victims In Katsina

Tinubu’s Public Affairs Aide, Aliyu Audu, Resigns

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.