By He said the Central Bank of Nigeria has still not given a concrete answer on how people will not lose their hard earned money.
He asked how the Central Bank could have thought they will be able to handle influx of people who will be rushing to deposit money to ensure they do not suffer losses.
The Central Bank of Nigeria has been advised to rethink its Naira Redesign Policy to put a stop to the current hardship being experienced by most Nigerians over the scarcity of the New Naira Notes.
Guests and Contributors on the Journalists Hangout on Sunday gave this charge while speaking on the reported demand by Terrorists for a sum of N105 Million Naira for abducted Students of the Federal Government College Birnin Yauri in Yobe State.
Anchor Ayodele Ozugbakun who set the ball rolling said its become increasingly difficult to even do any basic thing due to the scarcity of the New Notes.
For his part Babajide Kolade-Otitoju said the issue is so bad that he cannot even spend money the way he would normally spend and also help people who have been turned to beggars because of the misguided and poorly implemented Policy.
He added that but for a good Samaritan working in one of the Deposit Money Banks in Nigeria who gave him the sum of 20000 Naira almost two weeks ago, it would have been almost impossible to even go out and be able to work.
He said it is even better for people who live in the City but it is better imagined what people are going through in the rural areas is another matter entirely.
He disclosed that his sister had to find money to send to their aged mother in the Village for her to be able to survive and get basic things done.
He expressed his disappointment with the Journalists who work in media houses who have been backing the Policy which has imposed untold hardship on Nigerians all because of what he described is PR.
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