Gov Uba Sani on Subsidy removal: Cash transfer is a scam

Governor Uba Sani of Kaduna State has described the proposed cash transfer policy of the Federal Government as a scam. Sani stated this while speaking in an interview with Friday.

The governor said, “My position has always been that, at this critical time, cash transfer should not be something that we should bring up, completely. I think that cash transfer for me, in my opinion, is a scam. Completely is a scam. I can be very certain about that, because who are you transferring the money to?

“Let me give an example, go and check the current statistics. As I said, as the Chairman, of the Committee of  Banking for four years in Nigeria, I oversight Central Bank, I oversight all the commercial sectors of our economy for the last four years and I look at the statistics, I will be very firm on this issue and you can go and check it.

“About 70 to 75 percent of the rural population in North West is financially excluded completely. You will have to go and check, these people we are talking about are important people in society. They do not even have a bank account so who are you transferring the money to?

“Let’s try and work very hard to make sure that they are financially included, that is the most important thing and I will like to call on our development partners, the World Bank, to put more money towards bringing more people into the financial services and the vulnerable in particular.

“Let’s put more money to ensure that we open accounts for them, get them involved, if we don’t do that, no matter what we do however you do it, money will go to the wrong people, that’s the fact.”