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Saturday, 29 October 2022

Naira Redesign: If You Don't Have Money Stashed In Soakaway Or Tank, You Have No Problem- Tope Fasua



A Nigerian economist, Tope Fasua has stated that those who don't have their money stashed in soakaway or overhead tanks do not have any problem with the proposed Naira redesigning by the central bank of Nigeria.

According to Tope Fasua, the policy will go a long way to reduce corruption especially in the area of money laundering as those who have accumulated money illegally over the years will find it very difficult to utilize the money or to take it to the bank.

Tope Fasua stressed that those who have illegally acquired money and had it stashed in their soakaways or overhead tanks will definitely have problems with the new policy of redesigning the currency.

Tope Fasua made this remark during an interview between the 19th and 20th minute when he was responding to questions on the implications of the proposed Naira redesigning by the central bank of Nigeria.

You will recall that the central bank of Nigeria recently revealed its plan to redesign the country's currency.

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