The African Action Congress (AAC) had described the current fuel and new notes scarcity rocking the country as a deliberate acts aimed at punishing ordinary Nigerians.

AAC, in a statement issued on Saturday, blamed the ugly development on the alleged incompetence of the administration of President Muhammadu Buhari.

The statement read : “The African Action Congress (AAC), and our presidential candidate, Omoyele Sowore, hereby condemn in the strongest terms, the currency and fuel shortages deliberately inflicted on poor Nigerians and wreaking socio-economic havoc across the country.

” We place the blame squarely on the incompetence and irresponsibility of the Buhari-led APC government. True to its character, this government has precipitated a crisis clearly targeted at deepening the suffering of the Nigerian people whose welfare and security should ordinarily be its priority.

“Against every sane advice, and without the slightest shred of public input, this government launched a wasteful scheme to redesign (read recolour) the national currency purportedly in a bid to trap looted funds stashed outside the financial system, check counterfeits, and restrain politicians from amassing cash to compromise the electoral process.

“Having been hastily conceived without public input and shambolically implemented , the policy has proven an unmitigated disaster with ordinary Nigerians now caught in the middle.

” The banks have obviously colluded with rogue politicians and bureaucrats to horde the limited quantity of the new currency injected into the system by the Central Bank of Nigeria (CBN) whose compromised leadership can do very little to compel compliance.

“Banks and Automated Teller Machines (ATMs) all over the country are empty. Our people can not access their meagre savings to buy food and meet other necessities as starvation stares them in the face. A wave of mass anger is sweeping through the country, and chaos looms if the situation is not immediately remedied.”




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