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Thursday, 20 September 2012

DON ADVISES FEC, JONATHAN ON INTRODUCTION OF FIVE THOUSAND NOTE



 A don Professor Sabitu Olagoke has said that the introduction of new five thousand naira notes will serve the interest of the cabals and cartels with hyper-inflation as a consequence.

He stated this during an interview  in Ibadan

 Prof.Sabitu Olagoke who is an Islamic Cleric described as autocratic the way and manner the introduction of five thousand naira note is being handled 

He asked the Federal Executive council to respect the wishes of the people if democracy is to survive in Nigeria.

Prof .Sabitu Olagoke then urged Federal government to invite expert that knows about economy before introducing the new currency moreso that the federal government claimed it is practising a cashless  economy".

The Professor of engineering said further that Mr. president should think of more of legacy things than introducing things that are not of benefit to the masses because his administration is hanging in the balance.

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