The Committee for the Defence of Human Rights (CDHR) has called on the National Assembly to sack the Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, over his intention to introduce a five Naira currency bill.
In a statement signed by Comrade Taiwo Otitolaye, its National Vice-President, CDHR cited Sanusi’s “recurring display of power- arrogance and unapologetic agency for imperialist policies and dictates.” It said that the introduction of the five thousand Naira note is a confirmation that the CBN governor and his cronies are “playing the script of the International Monetary Fund (IMF), World Bank and other Imperialist agencies.”
CDHR described the measure as an attempt to further entrap Nigeria’s economy to the desires of Western countries, and that to enforce such an economic regime demonstrates lost focus by the Jonathan administration and a disconnect with the people.
With more than 100 million Nigerians living below the poverty line, CDHR questioned why the nation must commit over 40billion Naira into a wasteful exercise when that kind of money can be deployed towards creating jobs.
“This is a road map to further inflation,” CDHR said. “Acceding to this obnoxious policy will lead to the introduction of higher denominations in the near future, which continues to devalue our currency, erode our economy and dehumanize our people. The amount of money required for petrol (PMS) to fill a tank could buy a brand new Peugeot in the early eighties.”
It argued that Sanusi’s economic command subjugates Nigeria’s national growth and development and called on the National Assembly to begin the process of sacking Sanusi before a national mass revolt against his policies erupts.