Adebayo Adenrele
The President, Body of Benchers in Nigeria, Chief Wole Olanipekun, SAN, has faulted the implementation of Naira redesign by the Central Bank of Nigeria.
The Legal Icon noted that the redesigned naira notes was a good idea but modality of implementation was faulty and has started inflicting hardship on Nigerians in the informal sector of the economy.
According to him, “The reality on ground is that the policy of the new redesigned naira note is a good idea but the implementation of the good idea is faulty.
“Nigerians are suffering, people depend on some people, who are not using POS, to feed, pay school fees, buy something to eat at home everyday.
“In Nigeria, those who make out the informal economy are people who are not into white collar jobs, government don’t pay them monthly, they sell, hawk their wares, the downtrodden.
“The naira policy, the way it was initiated, I don’t want to doubt the good faith of government, but one thing is that government exist to make life easier, pleasurable, meaningful, habitable for the citizenry, that is the prime essence of government.
“Majority of the people are suffering, the people have the money they cannot access in the bank, that money is useless.” The Legal Giant said
