Economy

Why PDP is demanding the resignation and investigation of CBN Governor Emefiele

A file photo of The Central Bank of Nigeria (CBN) Governor Godwin Emefiele.

The Peoples Democratic Party (PDP) has demanded the immediate resignation and prosecution of the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele.

Addressing a press conference in Abuja on Thursday September 23, PDP National Publicity Secretary Kola Ologbondiyan stated that its demand is based on allegations by the All Progressives Congress (APC) that Mr. Emefiele superintended over massive looting of funds in the CBN.

“Our party calls on the Economic and Financial Crimes Commission (EFCC) to immediately invite Emefiele for questioning over allegations by the National Secretary of the illegal APC National Caretaker Committee, Senator John Akpan Udoedehe, that the CBN governor supervised over the pillaging of the nation’s vaults under his watch.

“Nigerians were shocked when Senator Akpan Udoedehe, on Channels TV programme “Politics Today” of Wednesday, September 15, 2021, revealed that the CBN governor supervised over the stealing of money in the apex bank, a development for which he must be investigated by the EFCC and if found wanting, prosecuted.

“We have waited for a week for Senator Akpan Udoedehe to recant on his statement or for Emefiele to repudiate the APC National Secretary.

“Our party insists that beyond Akpan Udoedehe’s allegation, the tenure of Emefiele as CBN governor under the APC administration has witnessed colossal failures of monetary and fiscal policies, requiring him to vacate the office and hand himself over for investigation.

“It is instructive to note that when Emefiele took office as CBN Governor in 2014 the naira exchanged for N164 to a dollar. Today, in the hands of Emefiele and the APC, the naira has tumbled to near N600 to a dollar, putting the nation’s economy on its knees.

“Painfully, under the leadership of Emefiele, the CBN has failed in its core mandate of managing the economy and took a dive into propaganda, with claims that do not reflect the harsh economic reality on the ground.

“The PDP therefore urges the EFCC not to allow this revelation to be swept under the carpet as it borders on serious economic sabotage which sanctions are clearly spelt out under our laws,” the party stated.

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