Some Nigerians living in Diaspora have called on President Muhammadu Buhari to sac the governor of the central Ban of Nigeria Godwin Emefiele for incompetence and deliberate sabotage of the country’s economy.
These Nigerians under the aegis if Nigerians in Diaspora Monitoring Group (NDMG) accused the CBN governor of handling the naira poorly.
The group in a statement signed by its United Kingdom coordinator Adeka Oyinlo and made available to NAIJ.com said Emefiele through questionable monetary policy ruined the value of Nigeria’s currency.
The group also threatened to embark on a massive protest at the Nigeria’s High Commission in United Kingdom if Emefiele is not sacked immediately.
The statement also said other chapters of the NDMG have also been contacted to take the same action.
Oyinlo said the problems caused by Emefiele are so grave.
He said, Emefiele should have been fired immediately while the president retroactively seek Senate’s backing but that the need to adhere to due process and the necessity of not spooking the economy were the only argument against such approach.
He added that anyone with honour would have resigned as the governor of the apex bank without waiting for outcry from Nigerians.
Oyinlo noting the recruitment scandal at the CBN said Nigeria’s dwindling economy is a result of Emefiele’s service of interest to his cronies in and out of the government.
Oyinlo said: “We have seen Mr Emefiele converting the Central Bank of Nigeria into the personal bank of his business friends which he used to raise dollars for them to execute projects not just in Nigeria but also in other African countries without a thought for how this would affect the nation’s economy.”
“The CBN has also largely abdicated his and the bank’s regulatory roles to the commercial banks under the Bankers’ Committee, which has consequently created a situation where a clique takes decisions to the detriment of 180 million Nigerians so long as their bottom line is met,” he said.
“This perhaps explains why Emefiele’s reactions to the troubled naira has been nothing short of knee jerking that has seen series of policy somersaults that occurred within days in some instances.
The group also said Emefiele is only concerned about making life miserable for the populace while strengthening the hands of the forex cabal
L“Round tripping and false declaration of forex application have continued unabated while Emefiele looks the other way as his buddies on the Bankers’ Committee make killings on hourly basis.
“The CBN governor’s only intervention is to further compound the problem by removing those who stand in the way of his friends’ profit.
“For the avoidance of doubt, Nigerians who have to seek medical treatment abroad are dying, not just because treatment has become more expensive in dollars-naira terms but also because they now face impossibly long delays in getting forex to commence treatment.
“Too many youths have also been forced to abort their education abroad and consequently shatter their dreams.
“These nightmarish scenario must end, which is why we are asking President Muhammadu Buhari to immediately approach the Senate to get the necessary backing for Mr Godwin Emefiele’s removal as CBN Governor.
“Where Mr President does not immediately remove him we will mass at Nigeria’s High Commission in the United Kingdom and ensure that the place remains on lockdown.
“We have fortunately secured the understanding of our chapters in other countries to take similar steps to drive home the message.
“Those of us in the Diaspora now bear untold burden because of the hardship trailing Mr Emefiele’s poor handling of the naira, which we have been able to establish as a deliberate act of sabotage,” Oyinlo said.
Meanwhile, two northern group had last week clashed over the call for the sack of the CBN governor.
The Arewa Youth Consultative Forum (AYCF) had slammed the Northern Youth Council of Nigeria over the latter’s call for the resignation of Emefiele.Also, members of the House of Representative at its sitting on Wednesday, October 5, demanded Emefiele’s removal.
These Nigerians under the aegis if Nigerians in Diaspora Monitoring Group (NDMG) accused the CBN governor of handling the naira poorly.
The group in a statement signed by its United Kingdom coordinator Adeka Oyinlo and made available to NAIJ.com said Emefiele through questionable monetary policy ruined the value of Nigeria’s currency.
The group also threatened to embark on a massive protest at the Nigeria’s High Commission in United Kingdom if Emefiele is not sacked immediately.
The statement also said other chapters of the NDMG have also been contacted to take the same action.
Oyinlo said the problems caused by Emefiele are so grave.
He said, Emefiele should have been fired immediately while the president retroactively seek Senate’s backing but that the need to adhere to due process and the necessity of not spooking the economy were the only argument against such approach.
He added that anyone with honour would have resigned as the governor of the apex bank without waiting for outcry from Nigerians.
Oyinlo noting the recruitment scandal at the CBN said Nigeria’s dwindling economy is a result of Emefiele’s service of interest to his cronies in and out of the government.
Oyinlo said: “We have seen Mr Emefiele converting the Central Bank of Nigeria into the personal bank of his business friends which he used to raise dollars for them to execute projects not just in Nigeria but also in other African countries without a thought for how this would affect the nation’s economy.”
“The CBN has also largely abdicated his and the bank’s regulatory roles to the commercial banks under the Bankers’ Committee, which has consequently created a situation where a clique takes decisions to the detriment of 180 million Nigerians so long as their bottom line is met,” he said.
“This perhaps explains why Emefiele’s reactions to the troubled naira has been nothing short of knee jerking that has seen series of policy somersaults that occurred within days in some instances.
The group also said Emefiele is only concerned about making life miserable for the populace while strengthening the hands of the forex cabal
L“Round tripping and false declaration of forex application have continued unabated while Emefiele looks the other way as his buddies on the Bankers’ Committee make killings on hourly basis.
“The CBN governor’s only intervention is to further compound the problem by removing those who stand in the way of his friends’ profit.
“For the avoidance of doubt, Nigerians who have to seek medical treatment abroad are dying, not just because treatment has become more expensive in dollars-naira terms but also because they now face impossibly long delays in getting forex to commence treatment.
“Too many youths have also been forced to abort their education abroad and consequently shatter their dreams.
“These nightmarish scenario must end, which is why we are asking President Muhammadu Buhari to immediately approach the Senate to get the necessary backing for Mr Godwin Emefiele’s removal as CBN Governor.
“Where Mr President does not immediately remove him we will mass at Nigeria’s High Commission in the United Kingdom and ensure that the place remains on lockdown.
“We have fortunately secured the understanding of our chapters in other countries to take similar steps to drive home the message.
“Those of us in the Diaspora now bear untold burden because of the hardship trailing Mr Emefiele’s poor handling of the naira, which we have been able to establish as a deliberate act of sabotage,” Oyinlo said.
Meanwhile, two northern group had last week clashed over the call for the sack of the CBN governor.
The Arewa Youth Consultative Forum (AYCF) had slammed the Northern Youth Council of Nigeria over the latter’s call for the resignation of Emefiele.Also, members of the House of Representative at its sitting on Wednesday, October 5, demanded Emefiele’s removal.
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