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Home Politics

Cash Scarcity: PDP accuses Tinubu of hoarding cash for vote-buying

Euclid Myke by Euclid Myke
February 6, 2023
in Politics
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Following the persistent cash crunch, 

The Peoples Democratic Party (PDP) has expressed optimism that the situation will be a thing of the past when the PDP Presidential Candidate, Atiku Abubakar assumes office as President come May 29, 2023.

The party lamented the excruciating pain and distress being faced by Nigerians arising from their inability to access the new Naira Notes occasioned by the reported nefarious activities of corrupt leaders who are compromising the system to intercept and hoard the new bank notes for their selfish vote-buying plans ahead of the February 25, 2023 Presidential election.

The party in a statement on Sunday, by its National Publicity Secretary, Hon. Debo Ologunagba in Sunday reminded Nigerians of the widely-applauded patriotic intervention by Atiku Abubakar that led to the extension of the initial cash swap deadline; an accomplishment which not only demonstrated Atiku Abubakar’s commitment to the wellbeing of Nigerians but also his experience, capacity and integrity to stand for the people and get the system to work for the public good.

“Our Party is however saddened that the cash crunch had persisted due to the sabotage of corrupt APC leaders, including the APC Presidential Candidate, Asiwaju Bola Ahmed Tinubu, who are alleged to have masterminded the intercepting and hoarding of the new notes for their selfish agenda.

“The PDP is therefore disgusted by the hypocrisy being exhibited by the APC Presidential Candidate, who, despite his alleged role in the cash scarcity is pointing accusing fingers at others and seeking to exploit the ugly situation to incite unsuspecting Nigerians with the view to disrupting the 2023 general elections”.

The PDP called on President Buhari to protect Nigerians by going after the APC leaders as well as the saboteurs in the system who are reportedly working with the APC Presidential Campaign to mop up cash meant for distribution to the citizens.

The Party said that it stands with Nigerians; the artisans, traders, drivers, “keke” and “okada” riders, labourers, food vendors, students and all hard-working citizens at this time of distress.

The PDP charged the Central Bank of Nigeria (CBN) to be mindful of the sufferings being experienced daily by Nigerians and demands that the bank takes urgent measures to arrest the unbearable situation by ensuring adequate protection and effective monitoring of cash distribution process.

Among the measures, the party urged the CBN to provide dedicated Mobile Banks and Special Cash Points in areas of need particularly in the markets and rural areas of our country. It explained that using such facilities to dispense low amounts in markets and rural areas will drastically reduce the pain and anguish being experienced by Nigerians.

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