Nigerian central bank president arrested after his anti-cash campaign

13 June 2023 | The governor of the Nigerian central bank was removed and arrested by the new government on 9 June. The background is the drastic restriction of citizens’ access to cash for which he was responsible, which has severely damaged the economy, plunged many unbanked people into hardship and robbed many of their earning opportunities.

As the Washington Post reports, Godwin Emefiele, who in his nine years in office has made Nigeria the globalists’ guinea pig on cash eradication, biometric digital identity and total surveillance, was arrested by the Secret Service on Saturday. The country’s new president, Bola Tinubu, had ousted him earlier.

However, the paper fails to mention or at best hints vaguely at the drastic cash restrictions imposed by Emefiele and the economic damage they have caused. For that, you have to read Nick Corbishley on Naked Capitalism or this blog.

No phone calls without biometric ID? World Bank guinea pig Nigeria shows what could soon come to you
8 June 2022 | Nigeria’s government has recently started requiring all SIM cards to be linked to the National Identification Number (citizen number). 73 million SIM cards were blocked in April. This is how the global surveillance programme ID2020 is enforced. Thanks to support from the IMF, Nigeria is also the fist major country with a digital central bank currency.

In March, the central bank had lifted the unconstitutional restrictions at the behest of the Supreme Court. Nigeria is the most populous and economically powerful nation in Africa, yet wealth and development are extremely unevenly distributed.

According to a government statement, the arrest of the central bank governor is related to an investigation into his stewardship of financial sector reform. Emefiele had justified the cash restrictions, among other things, to strengthen the digital central bank currency eNaira, which was introduced with the support of the International Monetary Fund (IMF) and is almost not used at all.

Nigeria was the first populous country to introduce a digital central bank currency nationwide. Its failure has been a setback for the IMF and the central banking community. This is because the majority of the major central banks – internationally coordinated by the IMF, the Bank for International Settlements and the World Economic Forum – are working on the introduction of eDollar, eEuro, ePfund and Co.

Your new and improved digital currency is brought to you by: The World Economic Forum! (whether you want it or not)
3 May 2023 | The lobby of the largest international corporations has networked central banks working on digital central bank currencies and published a “toolkit” to guide the decision making process. Central banksare actually using this guidebook. This might help to explain why the interests of citizens count for so little in this matter, while those of financial corporations are promoted without restraint.