Human Right Activist and Senior Advocate of Nigeria, Femi Falana has revealed that Central Bank of Nigeria (CBN) collected 3.2 trillion Naira from Banks and other sources, but had only printed 402 billion Naira.
Recall that the Apex Bank under the governance of Godwin Emefiele, tried to replace the old N200, N500 and N1000 notes with new ones which in turn led to the scarcity of naira currency earlier in the year.
In response to the distressing event that followed the Naira redesign, Falana while speaking on Monday’s edition of Channels Television’s Sunrise Daily, berated Emefiele’s redesign policy.
Falana said after the incident, he took legal action by invoking the Freedom of Information Act, submitting a request to CBN asking of the exact amount of money that had been printed.
“I had to write to the central bank under the Freedom of Information Act to know how much was printed.
“To my utter dismay the central bank collected about 3.2 trillion from customers and others the bank only printed 402 billion naira,” he said.
Falana emphasised the urgency of utilizing the law to combat corruption and gather essential information to protect the interests of the people.
“We must take advantage of the law and use the law to enforce corruption and get information to defend our people,” he said.
