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CSOs Tackle Emefiele Over Alleged Involvement In Politics

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Some civil society organisations have accused the Governor of the Central Bank of Nigeria, Godwin Emefiele, of compromising the apex bank through his political activities.

The CSOs, in separate interviews with The PUNCH on Sunday, asked the CBN governor to face his job or resign.

This newspaper reports that posters and campaign banners of Emefiele have begun to surface across the country.

Speaking in an interview with one of our correspondents on Sunday, the Convener, Adopt A Goal Initiative, Dare Ariyo-Atoye said, “We may not be able to quantify the level of damage Mr Godwin Emefiele has done to the Central Bank of Nigeria either by dragging the institution’s name into partisan politics or by comprising the core goal of the apex bank.

READ ALSO: FG Grants Three-year Tax Relief To 33 Companies, Bars 10 Firms

“Mr Emefiele’s subterranean interest in the Presidency and the extensive campaign mounted on his behalf by various groups have become a massive distraction to the CBN and the financial sector of the country.

“The Emefiele-for-President campaign has enmeshed the apex bank and its governor in the web of partisan politics, including the troubling allegation that CBN’s money is being wasted to fund different groups.

“Consequently, it has become necessary to ask the CBN governor to save the Bankers’ Bank and the fragile financial sector of our country from this avoidable distraction and resign to pursue his Presidential ambition. He has a constitutional right to aspire, but the rules demand that he relinquish his position to vie.

“We want to make it absolutely clear to Mr Emefiele that Nigerians have lost confidence in his leadership, and we shall not hesitate to mobilise the people to act and also to protect the institution of the CBN. We wish to boldly say that the CBN needs urgent reform to return the apex bank to its traditional transformative role as a policy bank and regulator.”

 

The Coordinator, Human Rights Writers Association of Nigeria, Emmanuel Onwubiko, said, “The CBN governor, Godwin Emefiele has already contaminated his moral high ground for holding on to such a totally non-partisan and professional position as the governor of the Central Bank of Nigeria by directly or indirectly showing or dabbling in the partisanship of the 2023 Presidential campaign.

“The governor of CBN ought to have been sacked as soon as it emerged that he is nursing any sort of remote or immediate interest in being elected as the President of Nigeria in the coming election. President Buhari is not a principled leader and he is not known for leading by example; his administration is more of do as I said and not as I’m doing.”

Also, the National Coordinator, Advocate for People’s Rights and Justice, Giwa Victor, urged the CBN governor to resign and concentrate on his ambition.

He added that the post he was holding was too crucial to be combined with politics.

READ ALSO: FG’s New Borrowings Rise By 278.03% In Six Years

He noted, “The position is crucial to the nation and Nigerians; it should not be mixed with politics. It should not be allowed and that is part of the issue section 84 (12) wants to address.

“Although he has not openly made his intention known but with what we have been seeing and recently, the cars branded in his name, you need no soothsayer to tell you he is in the race.

“He should resign to face his ambition squarely and allow people who are committed to revamping our economy to take his position. Our economy is dwindling; we need a focused person to be in charge.”

PUNCH

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JUST IN: Ondo Poll: Violence Breaks Out At APC Primary In Okitipupa

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Violence broke out at Ward 1 at Stella Maris College, Okitipupa, between rival supporters of two aspirants of the All Progressives Congress who are contesting to be the party’s candidate for the November 16, Ondo State Governorship election.

Accredited party members, who had gathered in large numbers to participate in the candidate selection process, fled the scene when violence erupted among the rival factions.

The News Agency of Nigeria reports that the accreditation and election process had not begun when the violence erupted as voters scampered for safety.

READ ALSO: JUST IN: Hoodlums Storm Voting Venues Of Ondo APC Primary Election [VIDEO]

One of the accredited voters, who preferred anonymity, told NAN that one of the agents of an aspirant came to the ward, snatched the validation and accreditation papers and ran away.

One of the agents came here, snatched the validation and accreditation papers and fled the venue in his car.

“They chased him, but could not catch him. This caused the violence,” he said.

The security agents at the ward were unable to contain the violence and everyone fled the scene.

 

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FG To Pin Down Ways And Means To Tackle Inflation

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The Federal Government has announced plans to pin down Ways and Means advances to address the issue of excessive liquidity in the system and combat inflation.

The Minister of Finance and Co-ordinating Minister of the Economy, Wale Edun, made this announcement in Washington DC after meeting with investors during the ongoing spring meetings of the International Monetary Fund and the World Bank.

In February, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, stated that the bank would cease providing Ways and Means advances to the federal government until all outstanding debts are repaid.

READ ALSO: JUST IN: Nigeria’s Inflation Hit 31.70% In February – NBS

However, Edun said the fiscal and monetary authorities are also working towards bringing down inflation.

“The two authorities are working hand in hand to bring down inflation and pressure on price stability and stabilising the exchange rate with the target of bringing down interest rates so that investors can borrow at a more affordable rate with a view to getting the economy going the right direction again,” Edun said.

“We need to borrow less and focus more on domestic resource mobilisation. We want long-term resources to avoid repayment and refinancing pressures.”

READ ALSO: African Immigrants Struggle To Pay Bills In UK As inflation Soars – Report

Speaking further, the minister stated that the current administration is addressing food security by prioritising farmers’ access to their land, particularly in areas where insecurity has significantly hindered food production.

Edun added that agro clusters are being developed in collaboration with the African Development Bank (AfDB) to increase food production in the country.

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JUST IN: Hoodlums Storm Voting Venues Of Ondo APC Primary Election [VIDEO]

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Tension has escalated in Ondo State as reports emerged of cultists storming voting venues of the commencement of the All Progressives Congress (APC) governorship primary election.

Videos shared on social media show the hoodlums disembarking from their vehicles in one of the voting centres to intimidate party members.

Eyewitnesses say the cultists wielded weapons and instilled fear among voters and party officials alike.

Security personnel have been called upon to restore order in order to prevent the hoodlums from disrupting proceedings.

READ ALSO: Aiyedatiwa, 15 Others Jostle For Ondo APC Gov Ticket Today

Members of the APC in Ondo State are expected to file out today to choose among 16 aspirants seeking to fly the party’s flag in the 16 November governorship election.

Of the 16 aspirants that have been cleared for the primaries, some are serious contenders, while others have been serial aspirants in previous governorship elections in the state.

Watch the video below:

 

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