A Civil Society Organization Leader, Etuk Bassey Williams, along with Governors Mallam Nasiru El’ Rufai of Kaduna, Yahaya Bello of Kogi and Mattawalle of Zamfara States, yesterday resolved to ensure the sack of the Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, over failed policy on new Naira notes and other alleged corrupt practices.
Williams who was sighted at the Kaduna State Government House was said to be in possession of some vital documents that could be used as evidence against Emefiele.
Meanwhile, it was also revealed by a source that the meeting was held because they see Emefiele as an enemy of APC having connived with opposition party, the PDP to scuttle the chances of President-elect, Bola Tinubu not to win the presidential election through his wicked and failed new naira notes redesign but he could not succeed in that mission.
The move to remove Emefiele is traceable to the several corruption allegations that were reported in the media such as the botched new Naira redesign policy and accusations by Hon Gudaji Kazuare over the N85 trillion Stamp Duty saga that he was struggling to disentangle himself.
The CBN chief was almost nabbed by the Department of State Security, DSS, over his alleged involvement of siphoning huge sums of money and other issues.
The manner and way Emefiele managed the Anchor Borrowers Scheme remains shrouded with no clear picture of how the monies were spent on the scheme and how many beneficiaries got the loans.
There have been several interventions by the CBN but the monies spent are not clearly spelt out for Nigerians to know and understand how the monies were utilized.
Under his watch the economy has seriously dwindled and there is no clear policies formulated to salvage the situation despite the bad shape the economy has been. He has not been able to add to the external foreign reserve rather under his watch the foreign reserve has seriously depleted.
Meanwhile, the exchange rate has continued to skyrocket and that has made the Naira like a tissue of paper because he has no solution to it.
According to reports, despite his monetary policies there has not been any impact to strengthen the value of the Naira. Also domestic inflation rises relentlessly under his watch despite making policies that have not impacted and abated the current hyper inflation.
Under his watch the manufacturing sector is gasping for breath and that has compounded the unemployment, hence the domestic economy is being hurt by his policies, and this could be tracee to the difficulties domestic businesses are having to the Central Bank’s multi-window foreign exchange policies.
With no clear economic solutions, the level of young Nigerians leaving the country astronomically rose to unprecedented levels that has not been recorded in the history of the country because the economy and environment became toxic for them to survive without jobs because there was no supporting policies to protect young people.
The legacy Emefiele is leaving behind is deadly to the socio-economic life of the country.
