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PDP, APC align on probing CBN’s Governor over fraud allegations

By Monsurudeen Olowoopejo

The Peoples Democratic Party (PDP) has aligned with All Progressives Congress (APC) to demand that the Central Bank of Nigeria (CBN) governor, Godwin Emefiele, should be relieved of his duties and be probed by the Economic and Financial Crimes Commission (EFCC) for aiding looting of public funds at the apex bank.

PDP said that aside from the looting that had continued unabated, the CBN under Emefiele’s has allegedly crippled the country’s economy, and rather than record growth, developments have nosedived.

Speaking on behalf of the opposition party, the National Publicity Secretary for PDP, Kola Ologbondiyan, on Thursday, urged the EFCC to immediately invite Emefiele for questioning over allegations by the National Secretary of the APC National Caretaker Committee, John Udoedehe, that the CBN governor supervised the pillaging of the nation’s vaults under his watch.

The PDP’s spokesman aligned with Udoedehe, who made the allegations on a popular television programme over a week ago, alleging that the CBN governor supervised the stealing of money in the apex bank,

According to him, we have waited for a week for Udoedehe to recant on his statement or for Emefiele to repudiate the APC National Secretary.

Following this development, Ologbodiyan stressed that the apex bank governor should be investigated by the EFCC and if found wanting, prosecuted in accordance with the country’s law.

The Statement reads: “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 spelled out under our laws”.

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