Senator Ali Ndume, the Chairman of the Senate Committee on Army, has warned that the redesign of the naira notes and the rushed implementation of the cashless policy by the Central Bank of Nigeria (CBN), is having a negative impact on the operations of Nigerian troops battling with insurgents at the frontline.
Ndume who raised the alarm during an interaction with journalists in Maiduguri, Borno State on Saturday, picked holes in the claim by the CBN Governor, Godwin Emefiele, that the policies were meant to plug the sources of terror financing and other security breaches, citing a recent viral video where some terrorists displayed the newly designed notes.
“Naira redesign and the CBN’s cashless policy are actually gravely affecting the strategic operations of troops at all front lines of insecurity across the country,” Ndume said.
