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‘Dollar N164 when you assumed office, now almost N600’: Resign now, PDP tells Emefiele

The Peoples Democratic Party (PDP) has demanded that the governor of the Central Bank of Nigeria (CBN) resign over the exponential depreciation of the naira value.

According to the main opposition party, naira was exchanging against dollar for N164 when Emefiele assumed office but now exhanging for almost N600.

According to a statement by its spokesperson, Kola Ologbondiyan, during a media briefing on Thursday in Abuja; “The tenure of Emefiele as CBN governor under the APC administration has witnessed colossal failures of monetary and fiscal policies, requiring him to vacate the office and hand himself over for investigation.

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“It is instructive to note that when Emefiele took office as CBN Governor in 2014 the naira exchanged for N164 to a dollar. Today, in the hands of Emefiele and the APC, the naira has tumbled to near N600 to a dollar, putting the nation’s economy on its knees.

“Painfully, under the leadership of Emefiele, the CBN has failed in its core mandate of managing the economy and took a dive into propaganda, with claims that do not reflect the harsh economic reality on the ground.

“The PDP therefore urges the EFCC not to allow this revelation to be swept under the carpet as it borders on serious economic sabotage which sanctions are clearly spelt out under our laws.”

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