Peter Obi Conniving With Banks To Hoard Naira – APC PCC Alleges

The All Progressives Congress Presidential Campaign Council (APC-PCC) has accused the Labour Party’s (LP) presidential candidate, Peter Obi, of conspiring with bank officials to cause hardship for Nigerians.

According to news sources, the APC-PCC was reacting to Peter Obi’s statement in which he supported the Central Bank of Nigeria’s currency reform program (CBN).

On Sunday, the Labour Party candidate argued that the currency reform would provide long-term economic and social benefits to the country.

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“The currency redesign is not peculiar to Nigeria. It is an exercise that comes with some inconvenience and pain, but it has significant long-term economic and social benefits. Even though there are improvements that can be made,” Obi tweeted.

However, Remi Omowaiye, the spokesperson for the APC PCC in Osun State, accused the CBN of aiming to “inflict misery on Nigerians” in a statement.

He stated that Peter Obi’s comment demonstrates that his commercial interests outweigh Nigerians’ interests, owing to his involvement with the Nigerian banking industry.

Omowaiye said: “I am not surprised that Peter Obi is doing this. He has been a chairman of a bank before, and most of the bankers are benefitting from this hardship, so I understand where he is coming from. Peter Obi has serious interest in Fidelity Bank. He went to keep Anambra money in the fidelity bank, which he ought to have been used to develop the state.

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“Peter Obi has once again displayed to us and demonstrated to us that his business interest supersedes the interest of Nigerians because I don’t expect him to come out and start defending this policy. I would have expected him to sympathize with Nigerians and condemn this policy, this is the same way he has failed to condemn IPOB over the killing of innocent people.”

While encouraging the CBN to devise effective measures that will benefit Nigerians rather than cause them to suffer, the APC spokesperson claimed Obi seeks political gain from Nigerians’ anguish.

He added, “It is very important that this is a very ill-time policy. We are not saying they should not change currency, but there should be enough strategy on how to do this. You collected old money from people, you forced us to bring old money to the bank, now it is the old money that you are returning back to people. It is obvious that Obi wants to gain political profits from the agony of Nigerians.

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“How did you explain it, people have money in the bank, but they can’t access their money. There is unrest in some towns in Nigeria. Two people have been killed in Ibadan, there was also demonstration in Warri, people are going through hard times because of this policy.”


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