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CBN Sabotaging Tinubu Government’s Efforts – Rep. Uguru

Hon. Emmanuel Uguru, a member of the House of Representatives representing Abakaliki/Izzi Federal Constituency in Ebonyi State, has accused the Central Bank of Nigeria (CBN) of undermining the efforts of President Bola Tinubu’s administration. According to Uguru, the CBN’s harsh implementation of e-payment and cashless policies is exacerbating the economic hardship Nigerians are already facing, particularly following the removal of the petroleum subsidy.
While Uguru acknowledged the benefits of e-payment, he criticized the manner in which these policies have been enforced in commercial banks, claiming it is making life more difficult for Nigerians. He pointed out that many Nigerians, especially in rural areas, are unable to access cash for basic transactions, particularly as the holiday season approaches.
Uguru also shared his personal experience of being denied access to a large sum of money when he tried to withdraw N400,000 from a commercial bank, only being given N10,000. This, he argued, is a result of the CBN’s restrictive cash policies that have led to a lack of liquidity in commercial banks while simultaneously supplying cash to Point of Sale (POS) operators who continue to sell mint notes.
He emphasized that this situation is not confined to the Southeast, but is a nationwide issue, affecting both rural and urban areas. Uguru has proposed a bill to address the situation, aiming to bring back more accessible cash transactions and alleviate the suffering caused by the ongoing cash crisis. He urged President Tinubu to look into the matter, as he believes that certain actions by the CBN are sabotaging the president’s efforts to improve the country’s economy.
In his view, the current policy is particularly harmful in rural areas, where farmers and traders are unable to engage in simple transactions due to the cashless system and lack of understanding of digital payment methods. Uguru concluded that the CBN’s actions are undermining the President’s positive efforts, and he called for urgent intervention to resolve the issue.
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PANDEF Clarifies Visit To Tinubu, Knocks Wike Over Inflammatory Comments

The Pan Niger Delta Forum (PANDEF) has called on President Bola Tinubu to prevail on the minister of the Federal Capital Territory, Nyesom Wike to retract his publicly disparaging remarks made recently against the socio-political body.
PANDEF described as regrerrable and embarrassing comments by Wike in the aftermath of the group’s visit to Tinubu at the State House, Abuja, on Tuesday, March 11, 2025, even to the extent of insulting the late former Federal Commissioner for Information and South-South Leader, Chief Edwin.
Recall that the FCT minister had, on Thursday, during a media chat, described PANDEF as “the worst organisation anybody can rely on”, while also calling the board of trustee members of the body “political merchants”.
In a statement signed by PANDEF Chairman on Saturday in Abuja, Ambassador Godknows Boladei Igali, urged President Tinubu as the father of the nation, to prevail upon the Honourable Minister to retract his inflammatory statements and extend due respect to these eminent.
Igali clarified that the meeting with the president provided a valuable platform to discuss pressing issues of national and regional importance. Adding that “PANDEF remains unwavering in its commitment to peace, stability, and equitable development in the Niger Delta. We will continue to engage with great vigour, all relevant stakeholders in pursuit of lasting harmony in Rivers State and the broader South-South region.”
His words: ^To set the record straight, PANDEF the foremost socio-political body representing the South-South regions, composed of some of Nigeria’s most distinguished personalities. The delegation to Mr. President included chairpersons of at least four of the six SouthSouth states’ traditional councils, senior traditional rulers of major ethnic groups, former governors, past presiding officers of the Senate, prominent entrepreneurs, academics, and high-ranking retired military officers.
“It is, therefore, highly regrettable and totally unacceptable that a serving minister in the Federal Government would exhibit such brazen disrespect towards individuals of this standing. This attitude perhaps explains his continued refusal of the Minister to engage with the Peace and Reconciliation Committee, which PANDEF constituted as far back as October 2024, despite repeated attempts to reach.
“The Honourable Minister (Wike) characterized PANDEF as the worst organization ever” and accused its members of visiting the Presidential Villa merely to solicit financial favors. These statements are not only false but also unbecoming of a public official of his stature.
“PANDEF hereby calls upon Mr. President, as the father of the nation, to prevail upon the Honourable Minister to retract his inflammatory statements and extend due respect to these eminent Nigerians and traditional rulers who were, after all, esteemed guests of the Commander-in-Chief. It is apt to remind that the Minister does not own the Niger-Delta and his errant conduct should not be condoned.
“Notwithstanding this regrettable development, PANDEF remains unwavering in its commitment to peace, stability, and equitable development in the Niger Delta. We will continue to engage with great vigour, all relevant stakeholders in pursuit of lasting harmony in Rivers State and the broader South-South region,” Igali stated.
On efforts to restore peace in River State, Igali restated PANDEF’s commitment for peace in the oil-rich State.
“For the avoidance of doubt, the Peace and Reconciliation Committee, which remains committed to resolving the Rivers State crisis,” Igali stated.
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