I remembered the story of Sanusi and 5000 naira note and i just want to share this very well written article.

Sanusi: The cankerworm of the Nigerian Economy.

I was surprised when NEWS got to me that our "all-knowing" CBN Governor announced that a new paper note is to be introduced come 2013. #5000 note, I asked myself; what for? I'm taken aback that such an absurd policy is coming from such a revered office. Sanusi surprisingly was championing a "cost-cut policy" of the government some months ago, I wonder what has become of that. Recently, it has become a popular thing for each new CBN leadership to "restructure the Naira" so said. The restructuring which eventually leads to a rise in inflation.

A former CBN Governor tried to bring the coins into the economy but this was greeted with massive failure. You and I know that no Nigerian wants to walk around on the street with coins clattering in his pocket. Hardly will you see the 50k and #1 coins around now, not in banks either. Similarly, Sanusi is proposing the same failure by planning to convert the #5,#10, and #20 paper notes to coins. This looked at from a critical point of view will in no way "cut-cost" but would rather lead to a waste of funds as all #5,#10 and #20 polymer notes which has hardly met its "cost/benefit" will have to be destroyed.

Mr Sanusi says the #50, #100 #200, #500 and #1000 notes will be restructured to meet certain security standards. Should we be discussing currency security in a country where security of lives and properties of her citizen is far-fetched?
A lump sum will once again be expended on "restructuring the naira" which stands an impending restructuring once another Governor is appointed to the office.

From my own point of view, I see this as a calculated plan by Sanusi to embezzle funds as his time to leave office is around the corner. The restructuring once completed will enable his cohorts cart away unimaginable amounts of money leading to a deadening of our failing economy. 
This makes me begin to wonder if Madame Okonjo-Iweala, a seasoned financial practitioner with a wealth of economic experience is actually in office to coordinate a virile economy or just enjoy her time in office and leave in due time.

This is the time for well-meaning Nigerians to rise up against a policy which will further paralyse our economy. If Federalism is the problem, we should try out Confederalism. . . . . . . 
I believe in a united Nigeria and a great Nigeria in the future, but this dream won't become a reality if you and I sit back and watch these leaders lead our country to doom.

OBAJE, Adebola (Esq)   *runaways*