Purej:
The economy of our great nation has never had it this bad since independence under a Central Bank Governor,” the group said.
BY SAHARAREPORTERS, NEW YORKMAR 21, 2016

The Save Nigeria Anti-Corruption Initiative on Monday gave Mr. Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), 14 days to resign his appointment so as to save the Nigerian economy from total collapse, citing various problems attributable to his poor performance and complicity.

In a statement signed by Comrade Femi Lawson, Executive Director, and Malam Tanko Usman, Assistant Secretary-General, the group said it would not hesitate to do everything within the ambit of the law also to see to his investigation, arrest and prosecution by relevant anti-corruption agencies.

“A critical comparative analysis of CBN Governors preceding Mr. Emefiele reveals that he has the lowest performance index rating due to his inability to initiate and promote pragmatic monetary policy to stem the continuous free fall of the Naira, halt the rising debt profile of the nation or help in the effective management of the country's foreign exchange, which have all impacted negatively on the rate of poverty presently put at 71%, unemployment rate erroneously put at less than 9% by the NBS but stands at over 24% and inflation rate though put at a single digit rate of less than 10% but ironically does not reflect the economic reality currently facing Nigerians as the prices of goods and services have more than tripled in the past one year,” the statement said.

Among others, it cited the following:

· The indiscriminate debiting of customers by commercial banks the sum of N65 after first withdrawal from ATMs other than their banks;

· The failure to blow the whistle even after the discovery of a lopsided distribution of millions of dollars to promote the off-shore business interest of Aliko Dangote to the detriment of the Nigerian economy;

· Mr. Emefiele’s role in the misappropriation of over $2.1billion dollars meant for the procurement of arms. “It has never been heard in a sane clime that a CBN Governor would release a whopping sum of over $47million and millions of Euros from the vault of the CBN without due process and worse still is when such action was carried out only by an instruction on a piece of paper by the embattled erstwhile security adviser, Sambo Dasuki;”

· The continuous free fall of the Naira;

· The sharp decline in foreign reserves;

· Unholy romance/sponsorship of PDP campaigns in the 2015 general elections: “It is shocking to us with facts that a CBN Governor could channel funds from the CBN to sponsor the PDP in the 2015 general elections as events presently unfolding with the arrest and prosecution of Sambo Dasuki already indicted him.

According to the group, “Records also show several monies released by Mr. Emefiele to choice candidates in PDP i.e. Gov. Emmanuel Udom of Akwa-Ibom State as well as details of his hidden meetings with Bayelsa State APC Gubernatorial candidate in the person of Chief Timipreye Silva at different points before the Bayelsa Governorship election is also an indication that he is a failed CBN governor who mixes professionalism with politics.”

It noted that performance in a highly exalted office such as the CBN Governor cannot be better measured by the above indicators most of which currently depict failure.

“The economy of our great nation has never had it this bad since independence under a Central Bank Governor,” the group said.

“The multiplier effect of the exchange rate under his watch has caused the astronomical increase in the prices of goods and services which in turn has brought unimaginable hardships on the already impoverished Nigerian citizens.”

It pledged to occupy the National Assembly, the CBN and EFCC headquarters for a protest match to save the Nigerian economy from the clutches of corruption and incompetence if Mr. Emefiele failed to honour the deadline.

The Save Nigeria Anti-Corruption Initiative affirmed that it stands with President Buhari’s drive to kill corruption in Nigeria and end impunity, ineffectiveness and mediocrity among government appointees.

Should Mr. Emefiele ignore the ultimatum, the group warned: “We will occupy the National Assembly, the CBN and EFCC headquarters for a protest match to save the Nigerian economy from the clutches of corruption.”


http://saharareporters.com/2016/03/21/incompetence-corruption-group-gives-cbn-governor-emefiele-14-days-resign-or-else…

Ijaya123:


Maybe they should put pressure on Buhari to sack the CBN governor for performing terribly.

Ekakamba:
I disagree with you on this.

olas24u:


all the huge profits are actually coming from developing or lending money to small scale industries or factories ?soludo was an economist and impacted something ,this guy is a friend to the bankers and they are all working together for profits

Chilobabe:
under d previous regime I could afford 3 square meal, have constant electricity supply in my area and pure water was 70 naira per bag. This regime is a total failure.

temmyo0:
chaos

poseidon12:
Bunch of morons and tribalists. The CBN governor is now your president that is supposed to lay down the economic direction his administration should follow.
So if the CBN governor resigns and a new one appointed (hopefully a northerner), the economy will start improving. Fools.

html14java:
Stage don set

Madam tin Tomato, abeg arrange me one box of pop corn and a bottle of coke as a witness.

This drama is worth watching.

slimfit1:


Baba will not resign because clueless did not resign we voted him out after obasanjo impose him on us all years back. The last government were looking for someone they could manipulate the current cbn governor, he was the best candidate. Things are not going to get better until 2017-18. If nothing changes at that time then panic.

temmyo0:
chaos

shiftshift:
yeah

Ndlistic:
Buhari should resign, he is too weak and naive

MetaHuman:
so many kids on nairaland these days.. What is the role of emefiele? Isnt it to advice the president on what to do about economics.. You expect the president to know everything right?

What is the sole purpose of ministers and special advisers.

ojun50:
Corruption is fighting back we need to ask baba go slow to resign

marv1:
His advise to the president is always negative. I went to check my savings account with gtb the deductions they make from all types of accounts are outrageous. He is not competent to be CBN governor.

plaetton:


You would have made sense if you were asking Nigerians to put pressure on Buhari to resign.

Hypocrites.

datribune:


Ar u always dis stewpid?. A wailer has d effontery to call anybody a hypocrite?. Nigerians hav given their mandate to PMB, a man internationally acknowledged even by d US President Obama as "a man of great integrity" to clear d rot of "d PDP years of d locust".
d President can not be everywhere at everytime & it is d duty of every patriot to support him & ensure dat d greater good is always done at everytime.

BushidoBlue:


So Obama called Buhari a man of great integrity and you believe that?
Did Obama ever have a first hand working experience with Buhari as an employee or what?

The so called man of integrity is unable to get his budget released for work, rather, the situation is that the budget gets missing, found, padded and now rescrutinised...

Your pix is indeed right, if stupid could fly you would be a jet