5th February, 2023




An Islamic human rights organisation, the Muslim Rights Concern (MURIC), has asked the Federal Government (FG) to investigate the report that Dino Melaye and some others smuggled out the sum of N50 billion new notes from the Central Bank of Nigeria (CBN) about two days ago.


This was contained in a press statement issued on Sunday 5th February, 2023 by the head of the human rights organisation, Professor Ishaq Akintola.

He said :

“Some media sources published reports of alleged smuggling of N50 billion out of the Central Bank of Nigeria (CBN) by Dino Melaye and his co-travellers two days ago. This is a grave allegation when contextualised within the current fiscal crisis being faced by Nigeria.


“MURIC frowns at this behaviour which has been associated with Senator Dino Melaye, a prominent politician. It is mean, self-serving, unpatriotic and disgraceful. Politicians who participate in such an operation should bury their heads in shame. They are insensitive to the suffering of the jamaaheer (masses).


“Nigerians are hungry. People all over the country cannot find cash to buy food. Parents have no old or new naira to give their children and wards to use as transport to school. Workers are keeping away from work due to the nonavailability of cash. Many travellers are stranded. Businesses are at a standstill. Nigeria as a corporate entity holds its breath and trembles.


“We call on the Federal Government (FG) to immediately set the machinery in motion to unveil the veracity of the report. In the same vein, we call on the security agencies to spare no efforts in meting out appropriate punishment to bank officials found to have sabotaged the ongoing naira swap.


“The intention was good but the implementation is haphazard. Apart from the fact that the CBN governor has not been transparent and sincere enough, the timing is wrong. Nobody changes currency in an election year. This naira swap is laced with red herrings.


“We therefore appeal to FG to expedite action on finding solutions to the plethora of problems associated with the distribution of the new naira notes in order to mitigate the suffering of the hoi polloi.


“By the same token, we appeal to Nigerians to temper action with common sense because it is also the poor and innocent citizens who will suffer most if violence breaks out. Demonstrations should be avoided at this time because that is what hoodlums are waiting for. They will hijack the process and start looting shops and properties of poor Nigerians.”


Professor Ishaq Akintola,


Muslim Rights Concern (MURIC)



Subscribe ToUpdates Via Email

Enter your email address to subscribe to MURIC website and receive notifications of new posts by email.

Join 5,634 other subscribers