“Cash crunch provoked customers”: Falana demands prosecution of Emefiele, others over naira scarcity

• Femi Falana wants Godwin Emefiele and other top management of the CBN to be prosecuted 

• The lawyer and activist claims that the CBN only disbursed a tiny fraction of what it mopped under the former CBN governor 

• He advocates that payment be made to the families of those who died as a result of the effect of the limited supply of money.

LEGIT 

Nigerian lawyer and activist, Femi Falana is requesting criminal charges be brought against Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN), and the top management of the central bank for alleged incitement and culpable h*micide. 

He made the claim in a statement titled, “CBN mopped up N3.5 trillion but disbursed N402 billion only.” 

He claimed that when Emefiele was in office, the CBN misled Nigerians into thinking that commercial banks had received enough cash to make up for the N3.5 trillion in client deposits. 

Falana Wants Banks Structure Repaired 

As contained in a report, the senior Nigerian advocate (SAN) also recommended that the central bank repair other banks’ structures that were destroyed as a result of the ensuing rage over the limited supply of fresh naira notes.