Destroying govt properties, banks not solution to naira scarcity, says ex-ANAN president
Samuel Nzekwe, a former President, Association of National Accountants of Nigeria (ANAN), has advised protesters across Nigeria against destroying government and bank properties.
Mr Nzekwe gave the advice in an interview on Sunday in Ota, Ogun.
The former ANAN president noted that such steps would only have adverse effects on infrastructural development in the country.
He spoke while reacting to recent protests by Nigerians as a result of cash crunch across the country.
Mr Nzekwe said destroying government properties like the apex bank buildings and banks property by violence was not the best solution as this act sometime leads to unnecessary loss of lives.
“Protesting and destroying government properties would not bring solution but people needs to be calm and exercise patience for federal government to address the inadequacy of funds in the circulation,” he said.
He said destroying government properties was like taking the nation backward because such properties would be re-built with tax prayers’ money.
Mr Nzekwe appealed to the Central Bank of Nigeria (CBN) to make concerted efforts to inject more of small denominations like N200, N100 and N50 into circulation in order for masses to attend to their immediate needs.
He said that a situation where people go to the banks and do not get money would lead to confusion and worsen insecurity in the country.
“We are urging the apex bank to devote time in printing the old N200 and others new notes into circulation to ameliorate hardship of the common man,” he said.
Mr Nzekwe said that the federal government and CBN meant well for Nigerians but that sabotage frustrated the new notes policy.
(NAN)
Full Story: https://gazettengr.com/destroying-govt-properties-banks-not-solution-to-naira-scarcity-says-ex-anan-president/?utm_source=rss&utm_medium=rss&utm_campaign=destroying-govt-properties-banks-not-solution-to-naira-scarcity-says-ex-anan-president
TAGS: #Destroying #govt #properties #banks #solution #naira #scarcity #exANAN #president
Leave a Reply