He spoke exclusively to DAILY POST from the United Kingdom where he is currently spending his holiday.
The staunch supporter of the Labour Party presidential candidate, Peter Obi, also expressed pessimism that the political bigwigs that have held the country hostage for years are not willing to relinquish power to Nigerians in the forthcoming elections.
He said: “There may be no election next year going by what I see. I don’t think that these people who have their stronghold on the nation’s political space are willing to relinquish power to the people.
“I repeat, there may not be an election next year. I have been saying this since last year. The way things are going, I doubt it. Nigeria is on a free fall. I have been saying it for years”.
Speaking on the dollar rise and the state of the economy, CB said: “I was telling my family that a dollar will get to N1500. Look at what is happening now; it’s almost getting to N1000. There you are. The redesigning of the Naira is not a solution. How can it be a solution when you are producing nothing and you are not exporting? So you just keep printing money to pay salaries and you think that’s a solution?
“Do you know what will happen at the end of the day? Because anybody who has money now, will not have tomorrow. If you have 5 million Naira today, some people will think it’s a lot of money, but do you know that every day, that 5 million Naira that you have in the bank keeps depreciating?
“If you give it another 4 months, that money will be worth 800k. So where do we go from there? So it looks like there may be no election next year. Everything points to that fact.”