The Presidential Candidate of the All Progressive Congress (APC) Bola Ahmed Tinubu has sparked reactions on social media after a video surfaced showing him sharing new naira note from a Ghana Must Go Bag.
In the video, Tinubu and Shettima was captured on camera giving a man a bundle of new naira note from a Ghana Must Go Bag.
Vote buying has destroyed the Nigerian electoral system.
Nigeria has moved 50 years backwards as a result of bad leaders who use their ill gotten wealth to buy people’s vote.
Ahead of 2023 general election, the Buhari led government in other to ensure that the elections were conducted free and fair introduced new measures which he believed will force those who have stashed huge cash for vote-buying and prosecution of their campaigns to bring those cash out and many of them would be forced to explain how they came about the monies to security operatives.
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The Economic and Financial Crimes Commission, EFCC, has already signalled its intention to move against currency hoarders who maybe forced to bring out their huge stash of cash into the banks.
In an apparent move to tackle insecurity, vote-buying and control the amount of money in circulation, the Central Bank of Nigeria (CBN) announced a redesign of the currency in the variation of N200, N500 and N1,000.
The new naira note has been in circulation since 15th December and 31st January deadline was given to submit all old naira notes.
The CBN also introduced the revised cash withdrawal limits on December 6, 2022.
Under the new dispensation, the central bank restricted the maximum cash withdrawal over the counter (OTC) by individuals and corporate organisations per week to N100,000 and N500,000 respectively.
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