Buhari’s cashless policy didn’t work, our money was confiscated — Tinubu

President Bola Tinubu on Thursday said the cashless policy implemented by former President Muhammadu Buhari around the last general elections confiscated “our monies,” even though according to him, the policy did not work.

He made the assertion in Ijebu-Ode, Ogun State, where he said he had to invoke the spirit of freedom and determination as symbolised by “Baba Emilokan” to overcome the obstacles in the election.

He said that he remained hopeful and optimistic about achieving victory in the last presidential election, despite the ineffective cashless policy implemented by the Central Bank of Nigeria.

According to a statement issued by Dele Alake, Special Adviser to the President Special Duties, Communications and Strategy, the president spoke in separate remarks at the palaces of the Paramount ruler of Ijebuland, Oba Sikiru Adetona, in Ijebu-Ode and Alake of Egbaland, Oba Adedotun Gbadebo, in Abeokuta , during a thank-you visit to the Royal Fathers.

Reflecting on the challenges in the build-up to the 2023 presidential election, President Tinubu recounted his concerns about the confiscation of funds and the failure of the cashless policy, and how he had previously sought wisdom and guidance from Oba Adetona during his visit to the palace.

He said: “Our monies were confiscated. The cashless policy didn’t work, it was terrible then. I realised that, I came to Ogun State to invoke the spirit of freedom which we are noted for.

“I invoked that spirit twice. The spirit of Baba Emilokan. That’s Baba. Being blunt, being decisive, that’s him, he will tell you. The second spirit is that money or no money (we will do the election and we will win).”

President Tinubu acknowledged that these spirits had been the driving force behind his service and expressed his gratitude to Oba Adetona, all the Obas, elected officials, particularly his ‘personal friend’, Senator Gbenga Daniel, the Senator representing Ogun East.

He thanked them for their loyalty and commitment during those crucial times in the 2023 election.

The President, who described his visit to Ijebu-Ode as a homecoming, told Kabiyesi:

“The way you have taken me, the way you have responded to me, all I can say is thank you. May you live long and may you witness a prosperous Nigeria.”

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