Wednesday, 12 September 2012

SANUSI SLAMS OBASANJO, SAYS HE'S A BAD ECONOMIST AND FARMER Central Bank governor Sanusi Lamido Sanusi yesteday responded to the comments of former president Gen. Olusegun Obasanjo on the planned introduction of N5000 notes. Sanusi said that Obasanjo is a very bad economist and a successful farmer. He spoke for the first in defense of the N5000 note. Obasanjo had last week criticised the planned N5000 note saying it will kill businesses and production. Sanusi said if any one should be blamed for bad effects of higher notes, it should be Obasanjo adding that it was him that introduced the highest number of denominations. Sanusi said the N5000 note will not cause inflation.

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