The President of the Christian Association of Nigeria, CAN, Most Reverend Daniel Okoh, has disclosed that the Central Bank of Nigeria cash withdrawal limit Policy would stop politicians from manipulating voters in the forthcoming presidential election.
Also, the religious leader predicted that the price of the Dollar might go up because some politicians would turn to it for their nefarious acts.
Okoh made this known at the thanksgiving service of the new President of the Organisation of African Instituted Churches, Nigeria Region, OAIC.
The CAN President, represented by the immediate President of OAIC, Napo Emuchay, said the policy is targeted at politicians who have hoarded their way into elective positions.
According to him, CBN’s cash withdrawal policy is timely to address the menace of vote-buying.
He said, “It will affect politicians more because they keep loads of millions of naira in their accounts to evade taxation or avoid recovery.
“One thing that is likely to happen now is the price of dollars will shoot up because politicians are gearing up. All the money they have packed, they cannot take to the bank. They plan to buy dollars to change them when the new currency is out.”