Oby Ezekwesili, a former World Bank vice president, has said that Nigerian banks are not ready for the Central Bank of Nigeria’s (CBN) cashless policy yet.

She said banks’ systems were not set up to handle transactions without cash.

Ezewesili, a former Minister of Education, talked about how she felt about the CBN’s plan to change the naira on a political show on Channels Television on Sunday night.

She said that the policy has made things complicated for people and that there have been system breakdowns in the banks.

Ezekwesili said, “We are using the CBN to solve a problem with political criminals.” She also noted that the federal government could easily catch criminals without using the CBN.

“I don’t even know if there are economists left at the CBN. Our central bank is compromised,” she said.

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The former minister was sad that the people were suffering because of criminals in politics. He said, “The poor, not politicians, are the victims of the naira swap.”

She was generally positive about the policy but had some concerns about how it was being carried out.

“They have burgled the operational plan of the policy,” she lamented.

She told Nigerians that they should vote wisely in the upcoming elections.

“If you want to design a new Nigeria, use your PVC. Your PVC is the greatest weapon at your disposal,” she urged.