Human rights lawyer, Femi Falana says he was dismayed to learn that the Central Bank of Nigeria (CBN) only printed the sum of N402 billion out of the N3.2 trillion it collected from various sources.
He disclosed this during an interview on Channels Television’s Sunrise Daily on Monday.
At the twilight of the former president Muhammadu Buhari’s administration, the CBN announced naira redesign policy to phase out the old N200, N500 and N100 notes with new ones.
Falana attacked the suspended CBN, Godwin Emefiele for the currency redesign which led to a scarcity of the naira currency at the time.
The senior lawyer said he was disturbed by the naira redesign policy and the distressing events which prompted him to take legal action by invoking the Freedom of Information Act, and he submited a request to the CBN to disclose the exact amount of money that had been printed.
Falana said, “I had to write to the central bank under the Freedom of Information Act to know how much was printed.
“To my utter dismay the central bank collected about N3.2 trillion from customers and others the bank only printed N402 billion,” he added.
He called on the government to use the law to fight corruption and gather essential information to protect the interests of the people.
He said, “We must take advantage of the law and use the law to enforce corruption and get information to defend our people.”