The forthcoming presidential election would not be affected by political manipulation as a result of the Central Bank of Nigeria’s cash withdrawal limit policy, according to the president of the Christian Association of Nigeria, Most Reverend Daniel Okoh.
The religious leader also warned that the value of the Dollar may increase because some politicians would exploit it for their wicked deeds.
The Organisation of African Instituted Churches, Nigeria Region, OAIC, new President’s Thanksgiving ceremony was where Okoh made this announcement.
The strategy, according to the CAN President, is aimed at politicians who have hoarded their way into elective offices, said the immediate president of OAIC, Napo Emuchay.
According to him, CBN’s cash withdrawal policy is timely to address the menace of vote-buying.
He said, “It will affect politicians more because they keep loads of millions of naira in their accounts to evade taxation or avoid recovery.
“One thing that is likely to happen now is the price of dollars will shoot up because politicians are gearing up. All the money they have packed, they cannot take to the bank. They plan to buy dollars to change them when the new currency is out.”
