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PDP Demands Emefiele’s Resignation, Investigation Over Alleged Fraud



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The Peoples Democratic Party (PDP) has demanded the resignation and prosecution of Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), over allegation of massive looting of funds.

The party called on the Economic and Financial Crimes Commission (EFCC) to immediately invite the apex bank governor for questioning over allegations levelled by the National Secretary of the APC National Caretaker Committee, Senator John Akpan Udoedehe, that Emefiele supervised the pillaging of the nation’s vaults under his watch.

In a statement made on Thursday, Kola Ologbondiyan, PDP National Publicity Secretary, said Nigerians were shocked when Udoedehe on Channels TV programme “Politics Today” of Wednesday, September 15, 202, revealed that the CBN governor supervised the stealing of money in the apex bank, a development for which he must be investigated by the EFCC and if found wanting, prosecuted.

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He said: “Our party insists that beyond Akpan Udoedehe’s allegation, 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.


“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,”


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The PDP therefore urged 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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