What Kidnappers Will Start Doing As CBN Redesigns Naira Notes — Sheikh Gumi

Renowned Islamic scholar, Sheikh Ahmad Gumi, has decried the move by the Central Bank of Nigeria (CBN) to change some of the Naira notes, saying their argument and other reasons might push the hoodlums to start demanding for dollars from their victims………………….Continue Reading

Gumi disclosed this in a statement he released on his Facebook page on Saturday.

Gumi said the Naira redesigning will further worsen the suffering of the common man.

“I, the Islamic scholar, contended that the policy was clearly anti-people as it is ill-timed for a government that is winding up to take such measures,” he stated.

The cleric claimed that the policy will only make the poor people suffer more as they don’t go to a bank to make transactions like the rich.

He added: “Eighty percent of Nigerians, especially the rural dwellers depend on cash transactions. A sudden change to a cashless or cash-starved society will mean pauperising them in a short time and this can trigger – God Knows- an unprecedented socio-economic turmoil in this semi-skilled or unskilled population.

“People that sell goods will tell you that most Nigerians don’t have the money to buy things; therefore most traders are running at a loss and are already folding up. At this junction, anything that can cause more cash crunch will be a disaster for the nation.