The Peoples Redemption Party, the platform under which Kola Abiola, the son of late business mogul, MKO Abiola is running as a presidential candidate has threatened to drag the Central Bank of Nigeria to court for denying it access to its funds as a result of the naira redesigning policy of the federal government.
The party at a press conference to unveil its manifesto on Friday lamented that it could no longer access its funds in banks set aside for the conduct of the elections.
The party said the policy has exposed Nigerians to hunger and deprivation and needs to be scrapped immediately.
The national chairman of PRP, Alhaji Falalu Bello, said his party will seek redress in court against the CBN and asked for punitive damages.
He alleged that the decision by the CBN to push out a meagre N300 billion after collecting over N2 trillion is tantamount to economic sabotage against Nigerians.
He said, “Any policy that denies citizens access to their money is not good and is not a good policy. It (the Naira redesign policy) is a man-made crisis that is avoidable. For the failure of this policy which made and still makes Nigerians suffer we ask that the CBN governor honorably resign failing which the president should fire him.
“As a registered political party in Nigeria and a juristic person, the PRP has been denied access to its credit balances in banks on supposed order of the CBN that has disallowed withdrawal beyond N20,000.00 across the counter.
“This order we must say is an illegal one and we are testing the powers of both the banks and the CBN from denying us access to our credit in court and will ask for punitive damages.”
