Worried by the dwindling fortunes of the nation’s economy, particularly the free fall of the naira against the United States dollar, the Peoples Democratic Party (PDP), has demanded the resignation of the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele.
Addressing journalists on Thursday, September 23, National Publicity Secretary of the PDP, Kola Ologbondiyan, insisted that the CBN governor should resign over his alleged mismanagement of the economy.
Ologbondiyan who made the demand on behalf of the party, also asked the Economic and Financial Crimes Commission (EFCC) to equally investigate allegations of malfeasance in the management of the bank and the economy.
He said: “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.
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“It is instructive to note that when Emefiele took office as CBN Governor in 2014 the naira exchanged for N164 to a dollar but 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.
“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”, he stated.
Meanwhile Nigerdeltaconnect investigations revealed on Wednesday that the dollar rose to between N575 and N582 in different parts of the country with fears that the situation may go bad for the naira by the weekend.
Our correspondent, who visited the Sports Complex area of Arietalin in Yenagoa the Bayelsa State capital, which is the hub of bureau de change operators in the state, observed that the dollar was sold for N576 and N578 as against the N570 it was sold for on Monday.