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Emefiele says his focus was on solving macroeconomic challenges, including fighting inflation
Central Bank Governor, Godwin Emefiele on Monday said his focus was on solving macroeconomic challenges, including fighting inflation – the statement comes amidst speculations that he may be running for President in 2023.
Banners of Mr Emefiele as a presidential candidate has flooded parts of the country, suggesting he might be interested in politics.
“My focus at this time is a robust monetary policy and fighting inflation which is now a global problem; building a strong financial system in an increasingly uncertain global economy,” Mr Emefiele said in a series of tweets.
Using the hashtag #NoDistractionsPlease, Mr Emfiele stressed that he was focused on “Development finance and supporting farmers & manufacturers in our self sufficiency and import substitution drive; raising N15 trillion for InfraCo infrastructure financing
“Building a world class International Financial Center in Lagos; as we support the Muhammadu Buhari Administration to finish strong.”
NewsWireNGR recalls, the Peoples Democratic Party (PDP) had demanded the immediate resignation and investigation of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, following his appearance in certain All Progressives Congress (APC) campaign posters suggesting that he has partisan affiliation and entanglement with the APC.
The PDP in a statement on Friday asserted that the appearance of the CBN governor; the banker of the federation, who by law, ought to be non-partisan and apolitical, in APC campaign material is the height of impunity of the President Muhammadu Buhari-led APC administration, which amounts to poking its fingers in the eyes of Nigerians and daring them to do their worse.
“This action by Mr. Emefiele is contrary to the provision of Section 9 of the Central Bank of Nigeria (Establishment) Act which provides that ‘the governor and the deputy governors shall devote the whole of their time to the service of the bank and while holding office, shall not engage in any full or part-time employment or vocation, whether remunerated or not…’
“By engaging in partisan politics to the extent of appearing in APC campaign posters, Mr. Emefiele has knowingly and deliberately violated the provision of the CBN Act stated above,” PDP’s spokesman, Hon. Debo Ologunagba argued in a brief communique.
The PDP said “Mr. Emefiele has also desecrated the sanctity of his office as CBN Governor, compromised the integrity of the apex bank, stripped it of the confidence reposed in it by Nigerians and the international community and as such, cannot legitimately continue to hold and function in that office.
“This further confirms that under Mr. Emefiele, the CBN, as the custodian of our national economy, has become an appendage and cash cow of the APC in their reckless pillaging of our national resources, the resultant effect of which is now evident in the near-collapse state of our economy.
“The CBN Governor must therefore resign immediately and subject himself to investigation by anti-corruption agencies on various allegations of financial misfeasance including reportedly opening our national vaults to the cabal in the APC administration and operating a special fraudulent, corrupt and discriminatory foreign exchange regimes for APC leaders to fleece our nation.
“In addition, this further confirms allegation in the public space that the CBN had secretly released billions of naira through various petroleum sector underhand dealings to finance the APC National Convention.
“It is now crystal clear that President Buhari and the APC are not committed to providing a level playing field for free and fair general elections in 2023. As the banker of the federation, Mr. Emefiele is in a position to have undue access to public funds to finance APC’s campaigns.
“Moreover, being in control of all the accounts of other Nigerians, the CBN Governor is also in a position to use his office to clamp down on the finances of other contestants and stifle them of funds.
“It is only under the APC with its impunity and disregard for rules and sanctity of institutions that campaign posters with the portrait of the CBN Governor side by side with that of the President can be condoned.
“That presupposes an endorsement of impropriety and we demand that President Buhari come clean on this monumental corruption of the Central Bank of Nigeria,” the opposition party maintained.
PDP further opined that history will note “President Buhari’s legacy of destroying every segment of the national life; from security to electoral process, unity of our nation and now the sanctity of the Central Bank”.
The party cautioned that the consequences of these are better imagined, adding that now that Mr. Emefiele has openly identified with the APC, he should immediately resign and face an ill-fated career in the fizzling APC.
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