Labour Party on Saturday said the suspension of the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele by President Bola Ahmed Tinubu is unconstitutional.

“Mr President has the right to ask the CBN governor to resign, same way, Nigerians have the right to ask him or anyone to resign. However, he does not have the powers to do so. Having a right is one thing, having the power is another. Many have asked Mr President to resign but lack the powers to compel him to do so,” Femi Gbajabiamila, The minority leader of the House of Representatives, January 13, 2014

The leadership of the Labour Party is disturbed by the decision of President Bola Ahmed Tinubu to suspend/sack the Governor of the Central Bank, Godwin Emefiele, albeit unconstitutionally without seeking the permission of the national assembly and we insist that the action was not in good taste and sounds punitive.

Drawing inspiration from what Femi Gbajabiamila, then Minority Leader, had said years ago (as quoted above) over a similar situation when President Goodluck Jonathan sacked former CBN Governor, Sanusi Lamido Sanusi, wherein he questioned the powers of the President in sacking the CBN Governor. The opposition leader made it clear that the President lacks powers under the laws of the land to sack the CBN boss. One wonders what has changed between that time and now.

Femi Gbajabiamila is the current Speaker of the House of Representatives and also holds the enviable portfolio as the Chief of Staff to President Tinubu. He had then argued that the law requires the President to seek the approval of two third of the Senate to be able to sack the CBN Governor. Reasons being essentially to enforce the doctrine of Checks and Balances and to avoid the abuse of powers of a capricious and arbitrary President, while at the same time guaranteeing the autonomy of the CBN. But under Gbajabiamila’s watch, Emefiele was fired in a most unconstitutional and vindictive manner.

It is only in Nigeria that we find people that approbate and reprobate at the same time. People say one thing from one side of their mouth and another from the other side, especially when it favours them politically and otherwise. That explains why the country is in shamble: no rule of law, no equity, no justice, and no fair play. People don’t follow standard rules and procedures. That is why every aspect of our live, be it our economic, political and social live, is challenged.

Gbajabiamila because he was in the opposition at that time, he saw everything wrong with President Jonathan sacking Sanusi, today he is on the other side of the divide, he doesn’t see anything wrong with it. This is what Nigerians will face in the APC government, where perceived enemies are dealt with, perceive opposition parties and their members are dealt with, even when they are protected by the law.

Most Nigerians will not forget in a hurry the famous Naira redesign policy initiated by Emefiele primarily to check vote buying in the last general election. A noble policy which a particular candidate then unfortunately believed was targeted at him. To him, it was a mortal sin which cannot be forgiven and must be punished. Labour Party believes that Emefiele, a fall guy, is paying for his “sin”.

The government said the suspension of Emefiele is “sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.”
It is laughable to read that statement as most Nigerians are already aware of the intention of the government. If indeed, there is any government agency that should be investigated with this utmost urgency, should it not be the Independent National Electoral Commission, INEC and its Chairman, Prof. Mahmood Yakubu? This is the institution that is responsible for the mockery of our democracy. This is an institution which asked and received N355bilion in tax payers money to conduct, the worst ever election in the history of Nigeria and in Sub Saharan Africa. This is election umpire that has shamelessly chosen to be partisan during and after election, even at the tribunal.

Finally, we urge the APC led government to carry out a thorough investigation of the CBN and particularly, the last APC government’s interference in the operation of the apex bank. Nigerians will not tolerate political and peripheral investigation. We suggest a forensic auditing by an independent firm and by so doing, maybe the real culprits, not just Emefiele will be unearthed.


https://labourparty.com.ng/emefiele-investigate-inec-not-cbn-labour-party-urges-tinubu-suspension-unconstitutional-vindictive-not-in-good-taste/

Go and restrategize and come again, it’s needless to cry for 8 years or join the renewedHope train

Let him go to court

LP supported currency scarcity because they taught it will help Obi win. What a selfish, myopic set of bitter souls. LP don't mind Nigeria to be destroyed and thrown into civil unrest, as long as their lying, lazy, mediocre thief Obi become president. LP can never rule Nigeria, their mind is so shallow and vindictive.

Opposition wannabes.

Small time now. Them go say na lie..

This days. Na just to dey look oo

God will punish LP & emefele i used 300 to collect 1k emegele or what did u call him

Lea

Lazy Party is the political branch of ipob.

Their historical mission is to bring down Nigeria.

Nothing good can ever come out of them.

IT IS IN VERY GOOD TASTE. HE DISOBEYED SUPREME COURT ORDER. UP UNTIL TODAY, EMEFIELE REMAINS DISOBEDIENT UNTIL 31ST DECEMBER 2023 AND UNTIL NEW NAIRA REDESIGN IS FULLY IN CIRCULATION.
EMEFIELE IS PLAYING WITH THE SUPREME COURT JUSTICE SYSTEM. PERHAPS HE DOESN'T KNOW THAT BUHARI HAS PROVED HIM NEGLIGENT AND CRIMINALLY INTENDED. BY NOW AND WITH THE SUSPENSION, TINUBU IS TAMPERING JUSTICE WITH MERCY. EMEFIELE SHOULD HAVE BEEN HANGED AND ALL HIS RELATIONS SUPPORTING HIM LOCKED UP IN JAIL. EMEFIELE WILL BE INVESTIGATED THOROUGHLY AND PROSECUTED AND ALL THE DOLLARS HE IS STOCKING SOMEWHERE RECOVERED. BUHARI DIDN'T GIVE HIM PERMISSION TO COMMIT ANY ATROCITY. HE IS JUST A THIEF OF BAGHDAD.

Tinubu is bitter buhari through emefiele stopped him from buying massive votes and going through the option of using eye neck to manipulate votes and the system which Peter Obi is seriously dealing with them in courts.

the naira design caused Nigeria pains with disadvantages and some advantages just as the subsidy removal is presently doing

It reduced banditry and other forms of terrorism occasioned by political sponsors who used stored and looted naira in paying criminals.

Nigeria economy is in shambles today because politicians have stored naira which should be in circulation for their obvious wicked reasons.

tinubu removed fuel subsidy without provision for cushioning the effects to the extent that state governments are reducing number of days pupils and government workers should go to school.

tinubu and his thiefing gangs are bitter about naira design because they have stored naira in bullion vans but do not care that the average man not to talk of the ordinary man cannot afford to buy fuel at over #500.

like we predicted tinubu is not in his right frame of mind to lead and most of his actions in the last two weeks are done and suggested by self centered aides and praise singers who are doing so for their own personal greed and will soon boomerang.

Emefiele did some wrongs including using his office for political campaigns and all that but punishing for naira design smells fishy and will fail.

Bastards

Senseless opposition

LP thought the Naira redesign policy will favour them. This statement is needless and senseless! Go and comeback in 8 years...

No sane person will be in support of someone who tormented us so much for no tangible reason. Lives were lost and businesses collapsed due to his mismanagement. Maybe it's fake news.

Wow, LP/Ohaneze ndigbo, so it was an igboman that has bn troubling nigeria with this cashswap policy all along while you kept quiet?


Every enemy of the Nation shall be exposed in Jesus' Name, Amen!!!

Ibo party and it's supporters are just bunch of fooolz

Bitter leaf people are crying over Emefiele, the same Emefiele they supported when some northern cabal were using him to punish Nigerians because of Tinubu.


Bitter leaf republic will start a fight, when they got beaten to pulp, they will cry victim.