Opinion/Feature | 26 August 2012 05:11 CET

N5000 Note: Central Bank of Nigeria (CBN) Governor In Trouble

Source: Alonge Michael/Nollywoodgists.com

Sanusi Lamido Sanusi, Governor, the Central Bank of Nigeria is at the moment facing a lot of pressure from Nigerians over his new naira addition, N5000 bill.

From different quarters, Nigerians are expressing their feelings on the new bill and urge president Goodluck Jonathan to put his 'dog in chain' before things get worst. What's the noise of the cashless society for then with this new development? This really need to be well checked.

Some Nigerians and bankers speak "If SLS want to encourage cashless policy what to do is scrap 1000 and 500 bill, making cash carrying easier. With 5000 notes, people can carry 50m or N100m in brief case with ease. Goodluck Ebele Jonathan should stop him the way Yar Adua stopped Soludo from removing those zeros"

"We, the people of Nigeria hereby agree that we are not in agreement with the introduction of N5000 denomination at this time. That more important and urgent are the following: A more secured Nigeria, working refineries and thus no need for subsidies, employment for our youth, right to medicare for all Nigerians, a Nigeria that can feed itself and export excess around the world, unfailing power supply and interestingly return of denominations - 5kobo, 10kobo, 50kobo that all have buying power!"

Dear Mr. President Jonathan, I know you have listening ears and also have so much respect for the rule of law under voice of the people, as a member of the Forth Estate of the Realm of one of the biggest Africa countries-Nigeria, I want to believe that the voice of the people should be more paramount than the selfish buffoons in power.

Sanusi Lamido Sanusi is the governor of Nigeria's Central Bank

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