PDP demands Emefiele’s resignation over looting national cake

PDP demands Emefiele’s resignation over looting national cake

The Peoples Democratic Party (PDP) called on Thursday that the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, resign and be prosecuted, citing allegations by the All Progressives Congress (APC) that he oversaw major fund looting at the central bank.

Kola Ologbondiyan, the party’s National Publicity Secretary, made the announcement on Thursday.

It urged the Economic and Financial Crimes Commission (EFCC) to summon Emefiele for questioning over claims made by Senator John Akpan Udoedehe, the National Secretary of the illegal APC National Caretaker Committee, that the CBN governor oversaw the plundering of the nation’s resources.

Nigerians were astonished, he added, when Udoedehe revealed on Channels TV’s “Politics Today” on Wednesday, September 15, 2021, that the CBN governor oversaw the theft of money from the central bank, a development for which he must be investigated by the EFCC and prosecuted if found guilty.

PDP has waited a week for Udoedehe to retract his statement or for Emefiele to denounce the APC National Secretary, according to him.

“Our party maintains that, in addition to Akpan Udoedehe’s allegations, Emefiele’s term as CBN governor under the APC administration has been marred by huge monetary and fiscal policy failures, necessitating his resignation and handing himself over for inquiry.

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“It’s worth noting that when Emefiele was appointed Governor of the Central Bank of Nigeria in 2014, the naira was worth N164 to the dollar. The naira has plummeted to approximately N600 per dollar in Emefiele’s and the APC’s hands, bringing the country’s economy to its knees.

“Unfortunately, the CBN has failed in its primary role of managing the economy under the leadership of Emefiele, and has devolved into propaganda, with statements that do not represent the harsh economic realities on the ground,” the statement stated.

As a result, the PDP encouraged the EFCC not to “let this information to be pushed under the rug” since it “borders on serious economic sabotage, for which punishments are clearly spelled out under our laws.”

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