5 Reasons Why We Must Occupy CBN On Its Ban On Naira-denominated Cards Abroad #OccupyCBN

The ban placed by Central Bank of Nigeria (CBN) on the usage of naira-denominated Automated Teller Machine (ATM) cards abroad is nothing but an aberration and misfire to the growth of the economy. 

It's odds-on that this unwelcomed dictatorship decision will have negative multiplier effects on larger percentage of the citizenry of Nigeria both within the shore and in diaspora.

Also the policy will pole-axe some gloomy businesses. This rash decision is very uncongenital to the present ICT practice. 

This after-thought or should I say beer parlour decision is causing untold hardship on us. 

The flimsy excuse given was not tenable, CBN management has claimed in many fora that it has little hard currencies to disburse, we should ask them don't they receive money in same hard currency??? 

When you trade, you receive and also disburse. I don't have to be a graduate of banking and finance before I can understand that nor a banker. 

Also that it encourages money laundering shouldn't have been said at all, we all know the bank that help these selfish politicians to launder money, #DasukiGate a case study. 

We should not be paying for sins not committed, CBN should look inward, so as to reduce the rate at which corrupt politicians move money abroad. 

All fingers are pointing to same policy makers for aiding and abetting these criminals. 

The way our known activists suddenly lost their voices on this is worrisome. Where are people like Barr. Femi Falana, Barr Festus Keyamo?? 

If these known activists and human rights crusaders can't help, we can help ourselves by Occupying CBN [#OccupyCBN] 

We should let them to know that we are stakeholders in the governance of the nation. 

We should continue until this unpopular decision is rescinded cum reversed. 

The reasons why you should occupy CBN are:

1. This will indeed lead to job loss

Many people are getting their daily breads using this platform. For instance, people that engage in mini importation business. 

2. Students in diaspora will be affected 

I was flabbergasted when President Muhammadu Buhari said in his media chat that the student presently studying abroad will be attended to, so that they will not be affected. 

I then asked myself, what of those that are planning to??? Will the policy deprive them of the opportunity to study abroad??? Hmmmmmm

His response to the question made us to understand that he had little about the stupid decision then. I could read his body language. 

3. Untold hardship for the adventurists cum tourists

This will no doubt be a big time discouragement for the intending tourist or adventurists. 

4. Business empires will crumble 

A lot of business empires will crumble. What shall it be of gain to the government of Nigeria who cannot create job but have interest in making more Nigerians jobless??????????? 

5. Online shopping now gone (shopping site outside Nigeria) 

As a Nigerian, we cannot shop online any longer... What a shame!! 

This present CBN governor, Emefiele is pushing us to the wall. His immediate predecessor, Emir Lamido Sanusi removed ATM withdraw charges but this man, after assuming office reintroduced N65.

We didn't shout but this beer parlour decision will not stand the test of time. 

This act can be seen as being an act of a dictator. The last time I checked, Nigeria was running a democratic system of governance. 

It is anti-people, intended to add salt to our injuries. Thanks to the leadership of the Senate. 

But advising CBN is not enough but ordering them to reverse it should have been better. 

This ignoble decision must be reversed!!!!! 

#OccupyCBN 

-PFB 

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