Naira Scarcity: ‘I’m Suffering’, My Family Could not cook, Kalu Laments
Senator Orji Kalu on Monday lamented the scarcity of the naira owing to the currency redesign, saying his family could not get enough money to cook recently.
“You can see the policy is right but I don’t keep money in my house. I am suffering,” he said during his appearance on Channels Television’s election programme The 2023 Verdict
“The other day, my house manager told my wife in Abuja that we have no money to cook food. My wife was virtually roaming around and we feed over 250 people every day.”
However, the CBN has been busy pointing accusing fingers at those frustrating the implementation of the policy. Mr. Godwin Emefiele, the CBN governor, toed this path on Friday in his presentation to the Council of State. He reportedly laid the blames on the doors of hoarders, politicians, panicking public and economic opportunists.
During his appearance before a committee of the House of Representatives on 31st January, Emefiele also said that some bankers were undermining the policy and that the apex bank was working with NFIU, ICPC and EFCC to bring the errant bankers to heel. And indeed, the anticorruption agencies have hauled in some bankers. Angry members of the public have also attacked a few banks and destroyed some money-dispensing machines. In some places, banks have closed down, further compounding the crunch.