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Group Backs Calls For Emefiele’e Resignation

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The Nigeria Citizens Action Group (NCAG), a coalition of 35 civil society organisations, has supported the call of concerned Nigerians that Godwin Emefiele, Governor of the Central Bank of Nigeria, resigns his position with immediate effect to save the country from total collapse.

Comrade Isah Abubakar, Convener, NCAG, in a joint statement, said, “The Nigeria Citizens Action Group (NCAG), a coalition of Thirty-Five (35) Civil Society Organisations, is constraint to lend its voice with that of numerous other concerned Nigerians that have been calling on Mr Godwin Emefiele, Nigeria’s Central Bank Governor (CBN) to resign with immediate effect to save the country from total collapse, which is imminent.”

The coalition noted that the call became necessary following the extensive review of the tenure of Emefiele as the head of the nation’s apex bank.

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The statement explained that it has come to the sad conclusion that Emefiele should humbly step aside and allow a more competent person to step in, to save the country from total collapse.

“We understand that it will be difficult for him and his hangers on to reason with us, but we wish to beg on them to put on their garment of patriotism and save our country,” the statement explained.

The statement noted that it was during the formative stage of the first tenure of Emefiele that monies meant for the procurement of arms to fight Boko Haram terrorists and budding bandits in other parts of the country were converted to campaign funds and some given to “prayer warriors”, adding that many prominent Nigerians are facing trials for benefitting from that bazaar and wondered why he is still enjoying total freedom till date

It said that when Adedoyin Salami, a member of the country’s monetary policy in 2017, cautioned the CBN Governor against the excessive funding of the Federal Government which was 20 fold higher than the approved threshold. It added that Emefiele refused to take correction, lamenting that many sound economists described Emefiele’s Monetary Policy as “reckless and illegal” which will set the Nigerian economy for a “Big Fall”.

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It noted that the big fall is here as $1 is currently equivalent to over N545.

The group noted that the CBN acted in error and was guided by copy and paste policy when its included foodstuff import prohibition lists despite having the foreknowledge that the country largely depends on subsistence farming which was under serious threat by bandits, terrorists, and farmers/herders crisis in various part of the country.

It said that currently, Nigerians have been thrown into a state of acute hunger, which is contributing to the rising insecurity in the country.

READ ALSO:. Fani-Kayode Explains Why He Joined APC

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The group further stressed that the CBN under the watch of its incumbent Governor claimed to have reeled out several interventions running into trillions of Naira whose impact could only be felt on papers not in real life, stressing that many of the failed and corruption challenged programs of the CBN is not limited to Anchor-Borrowers Programme.

The statement noted that recently, the United Arab Emirates government arrested, convicted, and blacklisted some Bureau de Change Operators of Nigerian origin who have been fingered in financing terrorism globally, adding that the monies have been passing through the ineffective eyes of the CBN unnoticed into the hands of terrorists.

It said took the intervention of foreign government to block such a channel, as the CBN under Emefiele is more concerned with frivolities rather than the general well-being of the country.

The coalition, therefore, called on the CBN governor to resign with immediate effect to allow an independent and hitch-free probe of his tenure.

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It also called on the Federal Government to delist rice and some food materials from import prohibition items, saying that this would help to reduce the prices of food that is beyond the reach of common Nigerians.

The statement called on the anti-graft agencies to arrest Emefiele with immediate effect to ascertain the level of his involvement in the arms procurement scandal and other programmes that failed under his watch due to growing corruption.

(DAILY POST)

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Buhari To Unveil eNaira Tomorrow

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President Muhammadu Buhari will formally unveil the Nigerian Central Bank Digital Currency (CBDC), known as the eNaira, at the State House, Abuja, tomorrow.

According to a statement by the Central Bank of Nigeria (CBN) last night, the digital currency was coming after detailed research, spanning many years.

It said, “the launch of the eNaira is a culmination of several years of research work by the CentralBank of Nigeria in advancing the boundaries of payments system in order to make financialtransactions easier and seamless for every strata of the society.

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“Following series of engagements with relevant stakeholders including the banking community, fintechoperators, merchants and indeed, a cross section of Nigerians, the CBN designed thedigital currency, which shall be activated on Monday, October 25, 2021.

“The eNaira therefore marks a major step forward in the evolution of money and the CBN iscommitted to ensuring that the eNaira, like the physical Naira, is accessible by everyone.

“Given that the eNaira is a journey, the unveiling marks the first step in that journey, which will continue with a series of further modifications, capabilities and enhancements to the platforms.

“The CBN will continue to work with relevant partners to ensure a seamlessprocess that will benefit every user, particularly those in the rural areas and the unbankedpopulation.

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READ ALSO: CBN Defers eNaira October 1 Launch, Gives Reason (more…)

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Recovered Loot: Reps Summon CBN, First Bank, Others To Give Update On Recoveries

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House of Representives Ad-hoc Committee on the Assessment and Status of All Recovered Loot, Movable and Immovable Assets has demanded for explanation of all recovered loots so far.

To this end, the Central Bank of Nigeria (CBN), First Bank of Nigeria Polaris Bank, Sterling Bank, Nexim Bank, and Heritage Bank have been summoned by the Committee to offer explanation recovered and kept in their vaults.

The Committee, which was chaired by Hon. Adeogun Adejoro at public hearing on Thursday, stopped representative of Polaris Bank after he introduced himself as the Legal Adviser of the bank.

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The Chairman insisted that the committee could only speak with the Managing Director of the Bank, noting that the MD must appear before the committee.

“If your bank refuses to come out straight and continue to play pranks with us, we will issue warrant of arrest against your MD. You people can take somebody’s money and start playing with it? 32 Million Dollars is what we are talking about here,” he stressed.

According to the Legal advisor of Polaris Bank, “Monies have been paid to the CBN account, and the CBN has the evidence”.

The Chairman of the Committee, without hesitation asked the CBN director of Money if such was paid into the CBN account by Polaris Bank, an allegation the Director vehemently refuted, saying “the alleged $32 Million is still with them, nothing was paid into the CBN account”.

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Hon. Adeogun, therefore, warned Polaris to be mindful of the lies they are telling to the government. He also said, “Polaris Bank Cannot be comfortably owing the federal government and refuse to pay, because, the money is supposed to be used to fund the 2022 budget”.

The committee also summoned the executive director of First Bank Plc, Mr Abdullahi Ibrahim to explain some three pending issues unexplained from his payment.

The director, who corrected them, saying, “it was two unexplained issues, which he explained thus: “Mr Chairman, N2.3 billion was remitted, but was not supported in any bank statement. Another N100 million was deposited as well, but it was not recorded. NNPC advised it should be closed.

READ ALSO: INEC Gives Update On Anambea Governorship Election

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“As far as this recovered loot is concerned now, First Bank is not involved in such again, it has been settled. NNPC therefore agreed with the submission by First Bank.”

The committee, insisted on appearance of heads of the affected agencies at an adjourned date slated for Wednesday next week.

(DAILY POST)

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OBcrex Foumder Promises Better, Fast Services To Customers

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The Founder and CEO of Obcrex, Mr Obi Emmanuel Anthony, has revealed the new identity of rebranded Obcrex and promised better and quick services response rate to customers, as he vowed to be the leading Crypto Trader in Nigeria.

In his statement, Mr Obi Emmanuel Anthony said: “We’re thrilled to unveil our refreshed brand identity. The updates show the evolution of our company since its founding in 2019. While this is a significant change, our core beliefs haven’t changed.”

He stated that the last few months, Obcrex have put in a lot into creating a new image that would accurately depict what the brand represents.

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Obcrex has made it a goal to grow with intention as individuals and as a brand targeting to be the best, fast, secure & most trusted crypto / exchange brand.

Adding: “We are empowered by these changes and an overwhelming sense of kingship.”

Obi Emmanuel also assured customers that the new team of like-minded, determined professionals will continue to enable our customer’s success as well as each other’s success within our industry, and beyond

“We have an actively ready team of attendant to listen to all issues you might have. The credibility of the company is beyond compromise as we always work towards 3 values which are speed, reliability and credibility. We’re well known by our regular users as the best,” he averred.

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