Naira crash: PDP demands CBN governor’s resignation

It is instructive to note that when Emefiele took office as CBN Governor in 2014, the naira exchanged for N164 to a dollar.

0

The Peoples Democratic Party has demanded the resignation of the Governor of the Central Bank of Nigeria, Godwin Emefiele, over alleged mismanagement of the economy.

National Publicity Secretary of the PDP, Kola Ologbondiyan, made the demand on behalf of the party, at a media briefing in Abuja, on Thursday.

The PDP also demanded that the Economic and Financial Crimes Commission should equally investigate allegations of malfeasance in the management of the bank and the economy.

- Advertisement -

The spokesman stated, “Our party insists that 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.

See also  No committee has been set up to stop youths from traveling abroad, refutes Ministry of Interior

“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.”

Ologbondiyan further said, “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.”

See also  Reps summon CBN Governor, NNPC Boss over unremitted $19.25bn

 

Untitled Document

You can always reach us through these channels

Facebook: https:/www.facebook.com/ancityreport

Instagram: https://www.instagram.com/ancityreport

Youtube Channel: Anambra City TV

 

Phone Numbers: 07062501185, 09038738731, 07019919330, 09086292043

E-Mail: info@ancity.com, anambracity@gmail.com

Copyright.

This Post: Naira crash: PDP demands CBN governor’s resignation was approved and published by Anambra City Report Editor and may not be republished elsewhere without prior written permission from the Editor.

Get real time updates directly on you device, subscribe now.

Comments
Loading...