5000 DEVALUATION MADNESS
5000 DEVALUATION MADNESS By Tola Adeniyi Mallam Lamido Sanusi Lamido, the Governor of Central Bank, is a first class brain. He is intelligent, highly cerebral and hugely eloquent. But the affairs of the apex bank of a country should not be left to the whims and caprices of a Robin Crusoe.! Only God can tell what exactly went into the riotous and roaring mind of Mallam Sanusi forcing him to conjure a crazy idea of imposing a 5000 Naira note on Nigerians while his masters in Britain still hang on to their 50 Pound note as their highest denomination and Canada and the US would never foolishly go beyond their 100 Dollar highest denomination! What is the compelling reason to make currency change in whatever form a priority now that our economy is crumbling in the face of the existing choking devaluation and resultant inflation? How does Sanusi want to combine and confuse Cashless policy with printing huge cash? Why does anybody want to kill this co...