Okechukwu commends CBN Gov, Cardoso for halting banditry of DMBs

…says action frustrates Nigerians

By Tom Okpe

Former Director General of the Voice of Nigeria and founding member of the All Progressives Congress, APC, Dr Osita Okechukwu has commended the Central Bank of Nigeria, CBN, Governor Yemi Cardoso, for halting banditry of Deposit Money Banks, DMBs, whom he described as deliberately, frustrated Nigerians.

Speaking to journalists in Abuja on Sunday, Okechukwu, maintained that it is an act of banditry for DMBs to deliberately, deny cash to Automated Teller Machines, ATMs, especially, during an auspicious season like Christmas.

He said: “Daniel has come to judgment as CBN fined DMBs, N1.35 billion for failing to make Naira notes available through Automated Teller Machines, ATMs, during the Yuletide session. It’s height of banditry, simple and short, as it denied many Nigerians rice on their table.”

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Okechukwu urged the CBN Governor to dig deeper as the banks have many other fault lines which killed laudable program of previous administration saying: “If not curbed, will derail the ‘Renewed Hope Agenda’ of President Bola Ahmed Tinubu.

“The CBN Governor should critically re-examine the multifaceted DMBs fault lines, which engendered high inflation and economic hardship.”