Cash Swap: Peter Obi's Man Reveals Real Reason PDP, APC Governors Dragging FG to Court

• Kenneth Okonkwo, the spokesperson for the Labour Party has shaded the governors of the APC and PDP for challenging President Buhari's naira redesign policy at the supreme court
• The Labour Party chieftain alleged that the governors are against the policy for their selfish interest, citing the insecurity in Kaduna that the governor did not challenge FG in court for that
• The naira redesign policy has led to scarcity of the country's currency, protests across the country, people have died and banks been targetted because of the policy

Kenneth Okonkwo, the spokesperson of the Labout Party, has disclosed that the governors of the All Progressives Congress (APC) and the Peoples Democratic Party (PDP) are challenging the federal government's naira redesign policy in court for selfish interest.

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While speaking on Daily Politics, a Daily Trust programme, Okonkwo, a movie actor before joining politics, alleged that the governors wanted the federal government to suspend the further implementation of the policy because of "power and money".

The position of Labour Party on naira redesign policy

He cited Kaduna state as a case study that there has been "massacred" of people, and the government has never challenged the federal government in court over high level of insecurity in the state.

Kaduna, Kogi and Zamfara have approached the supreme court to restrict the federal government from stopping Nigerians to stop spending the old N500 and N1000 notes, in which about 8 states have joined them after the injunction.

Latest about Labour Party, PDP, APC, 2023 election, naira redesign, naira scarcity

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The naira redesign policy has resulted in scarcity of the currency after many Nigerians deposited their cash with their banks and could not get the newly designed naira notes.

Godwin Emefiele has claimed that the policy would reduce inflation and curb vote buying in the forthcoming election.

Unfortunately, it has led to protests and anger among the stranded Nigerians, many people have died, and banks have been the primary target of the protesters.

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"Attack on banks is armed robbery, and you will be treated as such": Police warn

Legit.ng earlier reported that the Nigeria Police Force had cautioned protesters to desist from attacking banks as it is equivalent to robbery act.

Olumuyiwa Adejobi, the spokesperson of the force, in a broadcast disclosed that any protester arrested for attacking banks will be treated at robbers by the police without recourse to human rights.

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Adejobi added that those who have been arrested will be charged to court for legal prosecution for armed robbery.

Source: Legit.ng