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Reps committee chairman decries naira scarcity, urges calm

The Chairman of the House of Representatives Committee on Diaspora, Tolulope Akande-Sadipe, on Saturday decried the scarcity of the new naira notes in circulation.

Nigerians had in the last few days kept vigil in banks and Automated Teller Machines (ATMs) stands across the country in a bid to get cash for their daily needs.

In a statement issued by her Special Assistant on Media and Publicity, Olalekan Olusada, the lawmaker also expressed concern over the crippling fuel scarcity in the country.

She lamented that the fuel scarcity reportedly caused by the smuggling of products to neighboring countries has compounded the hardship faced by Nigerians.

Akande-Sadipe alleged that the Central Bank of Nigeria (CBN) had become a willing tool for the fifth columnists in the All Progressives Congress (APC).

The statement read: “It is unacceptable for the CBN to leave the citizens of this great nation to suffer because of its lack of foresight and planning, the redesign of Naira is a good initiative but the deadline was not well thought out, and the implementation and procedural policy a major failure.

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