Ali said the Naira swap and cashless policy of the Central Bank of Nigeria, CBN, mitigated violent extremism in the North East.

Maj-Gen Ibrahim Ali, the Theatre Commander, North East Joint Task Force, Operation Hadin Kai, OPHK, has made a new revelation.

He said terrorists have been exposed to hardship due to the naira scarcity.

Ali said the Naira swap and cashless policy of the Central Bank of Nigeria, CBN, mitigated violent extremism in the North East.

He stated this while interacting with members of the Nigerian Union of Journalists (NUJ), Borno State Council, on Tuesday in Maiduguri, NAN reports.

The commander described the policy as a positive step, adding that it has mitigated terrorists’ activities since its inception.

“The terrorists who had been exposed to hard living conditions have resorted to kidnapping, seeking for ransom in cash and requesting for foodstuff from their victims,” he said.

He said that the terrorists had also resorted to propaganda on social media in their desperate attempt to remain relevant.

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