Group calls for ministers sack for opposing new Naira notes

A socio-cultural group, Oduduwa Youths, has called on President Muhammadu Buhari to immediately sack the Minister of Finance, Zainab Ahmed over her disapproval of the decision by the Central Bank of Nigeria (CBN), Governor, Godwin Emefiele, to redesign the Naira.

The group, in an issued statement by one Ade Balogun, said the Ministers attack on the new naira, despite knowing that the CBN Governor got approval from the President shows that she wants to ruin Buharis agenda to save the economy.

The group insisted that the apex bank doesnt owe the ministry any explanation because it got presidential approval.

The statement reads, The Minister of Finance, Budget and National Planning, Zainab Ahmed on Friday declared that the CBN did not carry her Ministry along in its plan to redesign and roll out new N200, N500 and N1000 notes effective December 15, announced last Wednesday.

Is the minister suggesting that Emefiele embarked on redesign of the Naira without the Presidents go ahead? CBN has the sole authority to issue legal tender currency in Nigeria. The Bank alone is able to determine the quantum of currency to release as to align with other critical objectives particularly macro-economic stability.

In a serious government, this is enough to get the Minister sacked. President Buhari should do the needful before she ruins his agenda to save the economy.

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