Looted Funds: PDP Demands Resignation, Prosecution of CBN Governor Emefiele

Posted by Thandiubani on Thu 23rd Sep, 2021 - tori.ng

The opposition party also called on the Economic and Financial Crimes Commission (EFCC) to invite the CBN governor for questioning over the alleged looted funds.

CBN Governor, Emefiele

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has been told to resign. The call was made by the Peoples Democratic Party who said Emefiele should also be prosecuted over allegations of overseeing looting of funds in the nation’s apex bank.

The opposition party also called on the Economic and Financial Crimes Commission (EFCC) to invite the CBN governor for questioning over the alleged looted funds.

According to the PDP, the allegations are based on the affirmations from the Secretary of the National Caretaker Committee of the All Progressives Congress (APC), Senator John Akpan Udoedehe during a Channels TV programme on Wednesday.

This was disclosed in the statement issued by the National Publicity Secretary of the opposition party, Kola Ologbondiyan on Thursday.

It was followed by a series of tweets on the official Twitter page of the party the same day.

“The Peoples Democratic Party (PDP) demands the immediate resignation and prosecution of the Governor of the Central bank of Nigeria (CBN) Godwin Emefiele going by allegations by the All progressives Congress (APC) that he 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,” the statement partly read.

It read further, “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 over office as CBN Governor in 2014, naira exchanged for N164 to a dollar. Today, in the hands of Emefiele and the APC, the naira has tumbled to a 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 for which sanctions are clearly spelt out under our laws.”