Business
Lawmaker Backs Demand To Rewrite Constitution
A member of the House of Representatives, Abiodun Balogun on
Tuesday, said the call, to rewrite the constitution should be seen as a
legitimate call that would enable Nigerians make their inputs.
Balogun, who made the remark in an interview with newsmen in
Abuja, said those calling for a new constitution had a genuine reason for doing
that, since the current constitution was drafted without contributions from
most Nigerians.
He, however, said that any decision to draw up a new
constitution should follow a resolution of the National Assembly as well as
inputs from Nigerians.
“Drafting of a new constitution is a decision that should be
taken by the whole National Assembly and Nigerians as a whole.
“But even if we are drawing up a new one, we are still going
to rely on aspects of the existing constitution.
“If we do a new one, we will also come tomorrow and amend
it, because constitutional amendment is a continuous exercise all over the
world,’’ Balogun said.
He noted that the 1999 constitution (as amended ) was not
perfect due to some loopholes, saying, however, that there was no law that was
perfect in its entirety.
“Nigerian constitution may not be perfect , but at least we
are making progress. For now, if we have a situation where we can draw up a
better constitution, I am for it,” he said.
On the Central Bank of Nigeria’s plan to introduce N5,000
note into the nation’s economy, the lawmaker said that it was “a wrong and
contradictory policy.”
He queried the CBN’s rationale for introducing N5, 000 note
haven said it wanted a cash less economy.
“What we need now as done all over the world is encouraging
money transfer, so we should even be working to discourage the idea of carrying
cash , and that is even the essence of the CBN cashless policy.
“We don’t need it, (N5, 000) notes, what the CBN needs to do
now is to pursue a cashless programme.
‘’Let us go bank transfer; with bank transfer, you don’t
need to carry cash, you can transfer money from your account and then do your
businesses,’’ he said
He noted that the disadvantages of the new notes outweigh
the merits.
The lawmaker said the newly introduced notes could be used
to perpetrate corruption and money laundry among other social vices.
He urged the CBN to jettison the idea of the new notes as it
might not achieve its objective in the long run.
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