If, according to the Central Bank Governor, Godwin Emefiele the aim of the Naira redesign was to curtail slush funds in the hands of the kidnap kingpins as well as to drastically reduce the over bearing influence of money-poll-y-tricks, given the alarming rate of poverty in the country, one would say that the motive was salutary.
As for Benin, the Edo state capital, attempts by the protesters to attack the Benin branch of CBN was foiled by a combined team of policemen, Nigerian Security and Civil Defence Corps, with three people feared killed. Though President Muhammadu Buhari in a recent live broadcast has overruled Supreme Court with reintroduction of old N200 the Central Bank of Nigeria’s silence on its position in the Naira swap policy has thrown the country into utter confusion, as business owners and other users of the currency are at a loss on whether the old Naira notes are still in use or not!
One’s serious concern about the clearly avoidable anarchy in Nigeria is the gross display of insensitivity and callousness on the part of the political leadership of the country that has brought unimaginable pains on the helpless and defenseless citizens. Ordinarily, the statutory mandate of government runs in sync with Section 14,Sub section of the 1999 constitution as amended.