Cash swap, most ill-advised and irresponsible policy of government – Kotoye

A legal icon, Yinka Moyosore Kotoye has described the cash swap policy as the most ill-advised and irresponsible policy of the Buhari Administration.

Kotoye made this assertion at the fifth edition of monthly Boiling Point Arena online discourse on politics and governance which also featured erudite lawyer, Chief Femi Falana and Dr A

According to Kotoye, a combination of factors affected the low turn -out during the Presidential and National Assembly elections.

“There was skepticism of the process, cash crunch/swap, closure of the universities and fuel crisis.

“You cannot tell a woman selling ewedu on the street who has not made any sale because of cash swap to go and vote.

“The cash swap was the most ill-advised and irresponsible decision of Government that affected the turn-out and frustrated the process.”

Speaking further, Kotoye explained: “Many people that wanted to travel to vote could not travel and some were stranded on the way and this affected the turn out significantly”

ValidViewNetwork had earlier reported that the nation was thrown into series of confusion arising from naira redesign and cash swap policy of the Federal Government which caused hardship on the people. The Presidency and the Central Bank of Nigeria have been going forth and back on the policy with resultant effects on the masses and local economy.

The fifth session of Boiling Point Arena programme held online via Google Meet and transmitted live by an Abeokuta-based radio station, Oodua 99.9FM, for the two hour duration -8 p.m. to 10 p.m was a huge success which has provided many clarifications that could regulate the political atmosphere.

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The interactive interview session also featured a keynote address by Oba Saka Matemilola, the Olowu of Owu Kingdom who also doubles as Chairman of the Boiling Point Council of Royals and Elders.

Boiling Point Arena, an interview programme with an incredibly large online followership, is the brainchild of Mr. Ayo Arowojolu, a media professional with 33 years multi-varied work career spanning the media, banking and education sectors

Boiling Point is a news and general interest platform for informed discussions, viewpoints and commentaries on governance and national development issues.

The platform comprises an array of eminent personalities including over 200 professors, technocrats, industry leaders, High Court justices, traditional rulers, security top shots, media professionals and several others.