A former aide to ex-President Goodluck Jonathan, Reuben Abati, has asserted that the burial ceremony of Obi Cubana’s mother had so many cash notes in circulation than in the entire Nigerian banking system.
Abati posited that even law enforcement officers who attended the burial mishandle the banknotes as they sprayed it on the guests at the funeral grounds while the guests scrambled to pick the money that fell on the floor.
He wrote: “Nigerian banks would also readily tell you that they don’t have new notes. They give out dirty notes to their customers. But there were more crisp, mint notes in circulation at Oba over the weekend than in the entire Nigerian banking system. And the notes were abused.”
The former presidential aide and ace journalist further noted that nobody should be surprised if Obi Cubana becomes a Governor or Senator tomorrow.
“The Central Bank Act of Nigeria – Sections 5, 21 (4-5) prescribe penalties for the abuse of the country ‘s national currency,” he informed.
“The law forbids the sale, purchase, and the plunking of the Naira, and prescribes penalties: six months’ imprisonment or a fine of N50, 000 or both. The penalties are so light, I don’t think they mean anything to Cubana and his friends or their likes.
“And why should that bother them anyway when the Oba funeral was attended by the same law enforcement officers who should know that it is an offence to abuse the Naira (truth is: policemen joined others to collect the notes that dropped on the floor), and there were lawmakers and prominent politicians in attendance too. In fact, nobody should be surprised if Cubana ends up as a Governor or Senator tomorrow. ”