In an article that appeared in the Vanguard Newspaper online this morning, it was stated that Hon. Sergius Ogun, a member of the House of Representatives and the representative of the Esan South-East Federal Constituency of Edo State, as well as a member of the House Adhoc Committee on Currency Swap, claimed that the total value of the new notes printed by the MINT was N600 billion, continue reading.
During the interview, he spoke while saying, "Contrary to the rumor that they can only print N300 billion, the Nigeria Security Printing and Minting Company, also known as the MINT, stated last week when they met with our committee that the CBN had contracted them to print over N600 billion. Emefiele claimed to have printed 300 billion new notes, but MINT informed us that N600 billion had been created. Where are the others?"
Speaking further, he said that printing the largest denomination of N1,000 notes rather than the N200 and N500 new notes that regular people would use to conduct business presented the greatest challenge. Therefore, politicians purchased the N1,000 notes that were produced to use in elections.
He claimed that what is taking place right now is a sabotage of the system, and the CBN Governor, Godwin Emefiele, claimed that they had about 30,000 agents in rural areas across the country when his committee called him, but people still do not have access to the money.
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