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2023 Elections: Why CBN Cashless Policy is Raising Dusts

The Coalition of National Civil Society Organisations (CNCSOS) has raised alarm over the recent developement concerning the CBN cashless policy.
This is contained in a world press conference by the coalition in Abuja today.
The group said, “As you all know, the country was jolted when a group of human rights lawyers and some civil society organisations raised the alarm that there was a plot to frame the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele in terrorism financing allegation.”
“The gravity of what Nigeria was confronted with came to the front burner when members of the group revealed that the Department of State Services (DSS) had even gone to the extent of approaching the court to obtain a warrant to arrest Godwin Emefiele without the consent or knowledge of the Commander-in-Chief of the armed forces of the Federal Republic of Nigeria, President Muhammadu Buhari. adsbygoogle || []).push({}); ”
“The Coalition of National Interest Defenders, which brought the development to the open, went ahead to allege that the plot was to keep Mr. Emefiele for at least 60 days until after the general elections next year. This should ring a bell when we recall that this alleged plot is coming immediately after the redesign of the naira notes and the review of the cash withdrawal limits for both individuals and organisations.”
“We have all hailed the cashless policy of the Central Bank of Nigeria such that even the corrupt politicians who are opposing the cash withdrawal limits acknowledge that it is the way to go but that the timing was wrong. They also sort to get wavers for election spending. Why are they looking for wavers? They want to use our stolen commonwealth to buy our votes.”
“In view of the current revelation, we are afraid that the State Security Service is derailing from its statutory role to becoming a tool in the hands of desperate politicians. This is dangerous for the country and must be discouraged at any cost.”
“Those who wants to receive and spend money without any traces are those who have been kicking against the cashless policy of the CBN. If you have legitimate money, why are you afraid to wire the money through bank transfers? Why are you afraid of cash withdrawal limits? There is no limit to the amount you can transfer through the bank but because they are having our stolen money, they don’t want to make traceable transactions and that is the sin of Godwin Emefiele. That’s why they want him out of the way before the election so that someone who can do their biddings is appointed to reverse the cashless policy implementation.”
“We must note that President Muhammadu Buhari has shown maximum support for the economic stability and reform efforts of the CBN Governor and that was probably why they wanted to remove him from office without the consent of Mr. President.”
“At this juncture, we hail the Nigerian judiciary for refusing to be used for the planned hatchet job. It is unfortunate but it happened.”
“According to reports, the affidavit filed by the State Security Service in support of its application claimed that preliminary investigation had revealed various acts of terrorism financing and fraudulent activities perpetrated by Godwin Emefiele and his involvement in economic crimes of national security dimension but there was no evidence. Hence, the court rejected to issue order for the arrest of the CBN Governor. Even, the identity of the said Godwin Emefiele, as the sole respondent, was not clearly stated in the affidavit according to the court, which made the plot more of a shoddy deal.”
“And, in view of a reasonable suspicion that some politicians may have influenced the State Security Service in the planned arrest of Godwin Emefiele, we join well-meaning Nigerians and groups to the call on President Buhari and the Attorney-General of the Federation, Abubakar Malami (SAN), to immediately put in motion the processes of suspending and thoroughly investigating the circumstances surrounding this national and international embarrassment. The attempt to obtain a backyard order to remove a high ranking officer of the Federal Republic of Nigeria for obvious political reasons should be of serious concern to all Nigerians as we don’t know who will be the next.”
“”By virtue of Section 150(1) and Section 174 (1) of the 1999 Constitution of the Federal Republic of Nigeria as amended, the Attorney-General of the Federation has the powers to institute and undertake criminal proceedings against any person before any court of law in Nigeria. Therefore, nothing stops the Attorney-General of the Federation from exercising his powers in this matter to send a clear signal to the international community that Nigeria is not a banana republic, where anything goes. If public office holders who err are not appropriately sanctioned, it will send a wrong signal to foreign investors and project Nigeria as a country without rule of law.
“”This is paramount as Section 174 (3) expressly stated that “In exercising his powers under this section, the Attorney-General of the Federation shall have regard to the public interest, the interest of justice and the need to prevent abuse of legal process.” What is primarily at stake here is public interest.
“”We hereby urge President Muhammadu Buhari and the CBN Governor never to relent in their efforts to place Nigeria among the best 20 economies in the world in line with the cashless policy of the Central Bank of Nigeria.
“”We assure Mr. Godwin Emefiele that Nigerians on the streets, who are in pains of starvation and hunger due to the continued looting of public funds meant for their well-being by some politicians, are standing with him and will vehemently resist any attempt to derail the cashless policy of the Federal Government of Nigeria.
“”We also commend the Federal Government on the exemplary leadership with the ban on cash withdrawals from public accounts. The stoppage of cash withdrawal from all public accounts is another legacy in the war against corruption and electoral fraud by the President Muhammadu Buhari administration. The ban on cash withdrawals and subsequent directive to public officers to immediately open domiciliary accounts in foreign and local currencies ahead of the commencement of the cash withdrawal policy will deepen the gains of the cashless policy of the federal government through the CBN.
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- Prince Abdulrahman Obaje is a Media and ICT Consultant, Journalist, online marketer, social media strategist, Mathematician and Computer Scientist based in Abuja, Nigeria. He is the Founder and the Publisher of The Informavores!. You can reach me on +234 805 939 5252 or send i-witness report directly to me on news@informavores.com.ng.
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Organ Trafficking: Ekweremadu, Wife, Doctor Sentenced To Various Prison Terms

The duo of Ekweremadu, former Deputy Senate President Ike Ekweremadu, his wife Beatrice, and Doctor Obinna Obeta has been senenced to various jail terms for bringing a 21-year-old Lagos street trader to London to exploit him for his kidney.
A judge at The Central Criminal Court, [ Old Bailey], announced the sentence friday.
At a sentencing hearing on Friday, Ekweremadu was jailed for nine years and eight months, his wife Beatrice was sentenced to four years and six months imprisonment while Obeta received a 10-year prison term.
The sentencing follows their conviction in March for organ trafficking, The Ekweremadus’sick daughter, Sonia was cleared of any wrongdoing.
The jury said Ekweremadu, his wife and their doctor criminally conspired to bring the 21-year-old Lagos street trader to London to exploit him for his kidney.
The conviction is the first under the UK’s Modern Slavery Act 2015.
The sentencing comes after pleas from multiple prominent personalities and institutions, including former President Olusegun Obasanjo and the Economic Community of West African States (ECOWAS).
Other petitioners included both chambers of the National Assembly, the Chairman/CEO, Nigeria in Diaspora Commission (NIDCOM), Abike Erewa Dabiri, and the International Human Rights Commission (IHRC).
After months of a pre-trial, the trial commenced on January 31, 2023 and lasted about six weeks, culminating in a guilty verdict against Ekweremadu, Beatrice, and Obeta.
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Reps Seek UK Government Clemency for Ekweremadu

The House of Representatives has write to the government of the United Kingdom seeking mercy in sentencing the embattled Ike Ekweremadu and his wife, Beatrice.
This is contained in a resolution reached following a motion moved by Toby Okechukwu, a lawmaker from Enugu State.
A UK court found the duo guilty of conspiracy of organ harvesting of another Nigerian. The Ekweremadu couple will be sentenced in the coming days.
Moving the motion, Okechukwu said diplomatic intervention in this kind of case is normal.
“It is a common practice in international relations for nations, including the UK, to seek relief for their citizens involved in situations such as that of the Ekweremadus,” he said.
Speaking on the motion, Femi Gbajabiamila, the Speaker of the House, said intervention by the House is not a justification for the charges against the Ekweremadus. He urged the UK government to consider Ekweremadu’s years of public service.
Consequently, the House resolved to urge the UK government and the court to temper justice with mercy in sentencing Ekweremadu, his wife and the doctor.
Also, they urged the Federal Government of Nigeria to take all diplomatic steps and other necessary interventions regarding the travails of the Ekweremadu family.
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- Prince Abdulrahman Obaje is a Media and ICT Consultant, Journalist, online marketer, social media strategist, Mathematician and Computer Scientist based in Abuja, Nigeria. He is the Founder and the Publisher of The Informavores!. You can reach me on +234 805 939 5252 or send i-witness report directly to me on news@informavores.com.ng.
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HYPPDEC Donates Food Stuff, Clothing to Locals in Kogi to Tackle Cashless Policy Effect

By Joseph Amedu, Lokoja
The Hydroelectric Power Producing Areas Development Commission (HYPPDEC), on Tuesday, donated 400 bags of rice, 250 gallons of vegetable oil and some packaged women rappers to ten Local Government Areas in Kogi State under the agency to cushion the effect associated with the new cashless policy.
Making the presentation to Governor Yahaya Bello of Kogi State at the Lugard House, Lokoja on Tuesday, a Board Member of HYPPDEC, Alhaji Isah Ozi Salami, said that the gesture is part of the agency’s intervention in times of natural disaster or any hardship situation on citizens.
Salami expressed the commitment of HYPPDEC in tackling the prevailing economic hardship on Nigerians as a result of the Cashless Policy.
“We owe it as a duty to take adquate care of the people in the 10 Local Government Areas belonging to HYPPDEC communities in Kogi
“Our concern under the present economic hardship is to alleviate the sufferings of the people within HYPPDEC communities in Kogi” Ozi Salami told Governor Bello.
He commended Governor Yahaya Bello for the provision of logistic supports that have facilitated smooth operation of the agency in Kogi.
He also told the Governor that HYPPDEC will soon begin the construction of 50 housing units in Kogi for resettlement of last year’s flood victims in riverine communities.
“I appreciate Governor Bello’s magnanimity in providing land for the housing project. The Governor is expected to perform the foundation laying ceremony of the project” Ozi Salami disclosed.
The Chief of Staff to Governor Bello, Jamiu Asuku who received the food stuff on behalf of his boss, hinted that Kogi will key into HYPPDEC’s intervention initiative in the areas of provision of food and security of lives and property for citizens.
Governor Yahaya Bello appealed to HYPPDEC to focus more on Ibaji Local Government Area in its intervention programme as a result of the bad terrain of the area.
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