$5,000 ‘gift’: Abuse of the naira

I have always thought it was an exaggeration when I heard that politicians distributed dollars to delegates at their party primaries. The alleged distribution of $5,000 among legislators penultimate week for “salah” or bribe to support the River State emergency rule declared by President Tinubu has finally nailed the naira’s coffin. This indicates that both the executive and the legislature have lost confidence in the domestic currency….