PDP Blasts Emefiele Over ‘Heart Attack’ Comment, Insists He Can’t Continue As CBN Governor

A combo of Emefiele and the CBN logo.

 

The Peoples Democratic Party (PDP) has condemned as reckless, irresponsible, and unpardonable, the comment by the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, that he is “having a lot of fun” in his actions which are in violation of the CBN Act 2007 and the Public Service Rules.

According to PDP’s spokesman, Hon. Debo Ologunagba, this comment by Emefiele, who also stated that Nigerians can go ahead and “have heart attack” over the widespread anxiety in the country arising from his involvement in partisan politics, is provocative and enough to trigger a nation-wide restiveness, pitch Nigerians against the CBN, shut down the economy and destabilize the polity.

READ ALSO: APC Inaugurates Screening Committees In Abuja

The PDP in its statement on Saturday asserted that despite Mr. Emefiele’s alleged withdrawal from the presidential race “due to the pressure by our party, he still cannot continue as CBN Governor having become partisan as a card-carrying member of the All Progressives Congress (APC).

“The CBN which keeps all sensitive materials for elections cannot be trusted with the custody of such materials with a biased Mr. Emefiele at the helm of affairs.

“It was despicable to watch Mr. Emefiele on Thursday, May 12, 2022, at the Presidency, brazenly and derisively spit at the concerns of millions of Nigerians, the International Community, and the Corporate World when he said of Nigerians, “let them have heart attack. It’s good to have heart attack. I am having a lot of fun.”

“Mr. Emefiele has crossed the red lines; he is provoking and daring Nigerians to do their worse, especially in the face of huge allegations and revelations of massive looting, manipulations, and doctoring of the books in the CBN under his watch as recently exposed in a leaked phone conversation and for which he ought to be behind bars.

“His unthinking and insensitive comment further establishes that he is not a fit and proper person to hold public office and continue the coordination of our national commonwealth as the CBN Governor, having exposed his lack of the required professionalism, code of conduct, and regard for public concerns on issues that affect our economy and the electoral process.”

The party said: “It also underpins the thoughtlessness and endemic corruption in the Buhari-led APC government and further shows the decadence in the CBN under Mr. Emefiele.

“The fact that President Muhammadu Buhari has failed to decisively rebuke and sack Mr. Emefiele only confirms that impunity is an official policy of the APC administration.”

PDP further stated that “Emefiele should know that Nigerians will never have a heart attack because of APC’s impunity. Instead, they are now, more than ever before, ready and resolute to confront the situation and rescue our nation from the stranglehold of the APC.

“Now that he has been confirmed to be a card-carrying member of the APC, Mr. Emefiele must forthwith steer clear of the CBN as he cannot continue as the Governor. Anything short of that amounts to testing the will of the people and the PDP will not hesitate to call out our members and teeming supporters across the country to, within the ambit of the law, defend and protect the integrity of the CBN and our electoral process”.

The opposition party urged Mr. Emefiele to be ready for investigation, prosecution, and possible conviction for the atrocities allegedly superintended by him as the CBN Governor.

N100m Nomination Form: PDP Accuses APC Of Stealing Government Funds For Elections

The APC and PDP are the nation’s leading political parties.

 

The Peoples Democratic Party (PDP) has accused the Muhammadu Buhari Presidency of allowing the alleged mass looting of public funds to corruptly create a war chest for the APC to intimidate Nigerians and muscle the 2023 general elections.

The PDP in a statement on Tuesday claimed that the All Progressives Congress is diverting public funds meant for development purposes and salaries of workers to its coffers by orchestrating the purchase of its presidential nomination form by all manner of persons at an excessive N100 million to warehouse sleaze funds for the elections

PDP Spokesman, Hon. Debo Ologunagba asserted that the party has information on how public funds are being withdrawn from ministries, agencies, and parastatals of government and diverted to people who have no verifiable means of livelihood to purchase APC’s Presidential Nomination and Expression of Interest forms for individuals without any electoral value and who cannot even win local government elections.

READ ALSO: Moghalu Picks Up ADC Presidential Form

“We have intelligence on how public funds are pulled out of government Agencies in a surreptitious design perfected by an APC leader in connivance with certain individuals in positions of authority close to top persons in the Central Bank of Nigeria (CBN).

“Nigerians will recall that the PDP had earlier alerted on how the CBN under Mr. Godwin Emefiele as CBN Governor has been turned into the finance department of the APC where APC leaders fraudulently access public funds through nebulous subsidies, shady intervention programmes, and discriminatory exchange policies which perpetuate illegal arbitrage system

“The rejected APC has resorted to this underhand method to corruptly rake in billions of naira from the public treasury without consideration for the welfare of Nigerians.

“This APC’s nefarious action is informed by its realization that its leaders cannot make huge donations to the APC coffers as they will be violating the limits of contribution to political parties as stipulated by law and regulation.

“The APC is a sinking ship with ill-fated and inchoate sailors holding on to straw including this shameless attempt to sweep our national treasury. It is regrettable that the APC has shamelessly and soullessly extended their corruption to our electoral process not minding the consequential effect on our democratic system.

“In any case, such shenanigans and criminal pillaging of our treasury cannot prevent the imminent crushing defeat of the APC at the polls in 2023, Nigerians having realized the fraud and life discounting experiences that the APC represents,” Hon Ologunagba articulated.

The PDP called on the Economic and Financial Crimes Commission (EFCC), the Accountant General of the Federation as well as the Auditor General of the Federation to immediately commence an investigation and monitor the movement of funds in Ministries, Department, and Agencies of government so as to protect the national treasury from the APC as Nigeria approaches the 2023 general elections.

The opposition party further maintained that the National Assembly, pursuant to its constitutional duty to expose and prevent corruption, should in the interest of Nigerians commence a public investigation into these happenings.

‘He Joined APC In 2019,’ Political Parties, Groups Demand Emefiele’s Sack

FX Restriction: Milk Importation Is Not Banned – CBN
A file photo of CBN Governor, Mr Godwin Emefiele.

 

The Conference of Nigeria Political Parties (CNPP) and Coalition of National Civil Society Organisations (CNCSOS) have called for the sack of Mr Godwin Emefiele as governor of the Central Bank of Nigeria (CBN).

CNPP Secretary General, Willy Ezugwu, and CNCSOS National Secretary, Ali Abacha, made the call on Tuesday at a joint press conference in Abuja.

They faulted Emefiele’s declaration to contest for president and the purchase of the nomination and expression of interest forms of the All Progressives Congress (APC), while still serving as CBN governor.

Both groups stated that they had issued an ultimatum to the CBN governor to openly denounce his then rumoured presidential ambition or resign his appointment.

They explained that this was necessary to save the Nigerian economy from total collapse by minimising its stress and ensuring that the relevant laws in the country were respected.

As a result, CNPP and CNCSOS stressed that Emefiele cannot pursue a political career while in office, citing Section 11(3) of the CBN Act.

“Our findings revealed that Mr Godwin Emefiele joined the APC and became a card-carrying member of the party in 2019, which proved that the CBN governor’s presidential ambition was premeditated and had been in his plans before 2019 when he eventually joined partisan politics.

“This is contrary to the Mr Godwin Emefiele’s position that his focus was on his job at the CBN,” the groups alleged.

They, therefore, called on President Muhammadu Buhari to immediately sack Emefiele as the CBN Governor over gross misconduct in line with the Public Service Rules and CBN Act.

Read the full text of the press conference below:

Gentlemen of the press, you are welcome to this world press briefing on the recent unimaginable developments in the polity in the build-up to the 2023 general elections.

Of particular reference here is the eventual purchase of All Progressives Congress (APC) presidential nomination forms and the court process initiated by the Central Bank of Nigeria Governor, Godwin Emefiele, while still in office.

As you may be aware, the Conference of Nigeria Political Parties (CNPP) and allied civil society groups under the umbrella body, Coalition of National Civil Society Organisations (CNCSOs), had issued April 21, 2022 ultimatum to the CBN governor to openly denounce his then rumoured presidential ambition or resign his appointment.

In a joint press release signed by the representatives of the CNPP and the Coalition of Civil Society organisations, it was clearly stated that the action becomes necessary in an effort to save the Nigerian economy from total collapse by minimising the stress on the economy and to ensure that the relevant laws in the country are respected.

We cited Section 9 of the CBN Act, 2007, which clearly stated that “The Governor and the Deputy Governors shall devote the whole of their time to the service of the bank and while holding office shall not engage in any full or part-time employment or vocation whether remunerated or not except such personal or charitable causes as may be determined by the board and which do not conflict with or detract from their full-time duties…”

The law that established the CBN had foreseen that any iota of distraction or divided attention, however minimal, could lead to the collapse of Nigeria’s economy just as an important institution like the CBN should NEVER be headed by politically ambitious persons because the CBN Act stipulated that “The Governor and Deputy-Governors shall be persons of recognised financial experience…”

For this reason, Mr. Godwin Emefiele cannot pursue a political career while in office. Section 11(3) of the CBN Act prescribed that a Governor or any Deputy Governor may resign his office by giving at least three months’ notice in writing to the President of his intention to do so…”

And to this end, we insisted that Mr. Godwin Emefiele must resign before April 21, 2022, or we will mobilise our members and Nigerians to force him to state his stand on the speculation that he has political ambition.

However, the earlier planned protest was shelved on two grounds when information was rife that some hoodlums were hired by individuals working for Mr. Godwin Emefiele and were already on standby ahead of the April 21 deadline issued by the CNPP and the coalition of civil society organisations. Their intention was to cause a breach of peace as a licence for security agencies to give the protesters the “#EndSARS treatment”. In this light, the hired hoodlums were to sneak into the crowd of protesters and attack the CBN headquarters with weapons while a counter-protest was also arranged for the same day.

Those behind the plot were the same individuals who immediately sponsored media attacks on the CNPP and her allied civil society organisations, calling for the arrest of the CNPP Secretary-General. They were the same people who hired a political party chairman to address a press conference against the CNPP, setting the stage for security agencies to apply maximum force against the protesters. The hired party chairman has never been at the CNPP meeting, and he has also not been attending IPAC meetings.

Secondly, the plan was put on hold to give the benefit of doubt to the CBN Governor who had insisted that his focus was on his current job at the apex bank, not partisan politics as eminent Nigerians also prevailed on the CNPP and her allied civil society organisations to give the Mr. Godwin Emefiele the benefit of doubt. As law-abiding individuals and organisations, with a high sense of responsibility, we allowed the voice of reason to prevail.

EMEFIELE HAS BEEN A CARD-CARRYING MEMBER OF APC SINCE 2019 WITH PREMEDITATED PRESIDENTIAL AMBITION

However, today, we all know better as CBN Governor Godwin Emefiele has not only picked presidential nomination forms but has also gone to court to seek prayers to be allowed to contest in the APC presidential primaries.

These actions vindicated the CNPP and the allied civil society organisations that the CBN Governor has been involved in partisan politics while in office, contrary to the CBN Act 2007 (as amended) and the public service rules.

Our findings revealed that Mr. Godwin Emefiele joined the APC and became a card-carrying member of the party in 2019, which proved that the CBN governor’s presidential ambition was premeditated and had been in his plans before 2019 when he eventually joined partisan politics. This is contrary to Mr. Godwin Emefiele’s position that his focus was on his job at the CBN.

We, therefore, want Nigerians to know that Godwin Emefiele has been playing hide-and-seek games with the citizens when he claimed that he was waiting on God for direction on whether to contest for president or not. Emefiele’s declaration for president is in clear violation of the Public Service rules and the CBN Act.

In line with the establishment of the CBN by law as an independent bank by virtue of Section 1 (3) of the CBN Act, its governor should be non-partisan but here we have a card-carrying member of APC since 2019 as governor of Nigeria’s apex bank and financial regulatory institution. If his presidential ambition was not a premeditated script, why join partisan politics since 2019 while still serving as the CBN Governor?

Recently, Mrs. Folasade Yemi-Esan, the Head of Service of the Federation, had warned all civil servants to abide by provisions of the Public Service Rules (PSR) (2008 edition) on partisan politics. While issuing the warning, the head of the service quoted a legal opinion issued by Mallam Abubakar Malami, the Attorney-General of the Federation (AGF), in 2018, wherein the AGF expressly stated that neither Supreme Court nor the 1999 Constitution (as amended) authorises civil servants to engage in partisan politics.

In the said memo, the AGF was also quoted to have said that the Supreme Court judgment in the case of INEC vs Musa did not set aside or nullify rules 030422 and 030423 of the Public Service Rules.

Rule 030422 of the Public Service Rules states: “No officer shall, without the express permission of the government, whether on duty or leave of absence: (b) offer himself/herself or nominate anyone else as a candidate for any elective public office including membership of a Local Government Council, State or National Assembly. (c) indicate publicly his support of or opposition to any party, candidate or policy; (d) engage in canvassing in support of political candidates.”

While Rule 030423 of the Public Service Rules states that: “Resignation is necessary before seeking elective public office. Howbeit, any officer wishing to engage in partisan political activities or seek elective public office shall resign his/her appointment forthwith.”

The Head of Service who referred to a letter, with Ref. No. SGF/PS/HCSF/210/11 and dated November 26, 2018, urged all public servants to be guided by provisions of the Public Service Rules and the legal opinion of AGF Malami in the “overall best interest of neutrality, harmony, and integrity”.

Malami had warned that “The provisions of Rules 030422 and 030423 of the Public Service Rules (2008 Edition) were not nullified by the Supreme Court, hence, they remain in force and binding on all civil servants seeking to participate in nomination exercises or party primaries”.

We refer to Section 4 of the Rules (2008 edition), titled “Serious Misconduct,” which defines serious misconduct as “a specific act of very serious wrongdoing and improper behaviour which is inimical to the image of the service and which can be investigated and if proven, may lead to dismissal.”

In fact, subsection 030402 (g) categorically noted, “Engaging in partisan political activities” as one of the significant examples of serious misconduct and according to the former super-permanent secretary and elder statesman, Ahmed Joda, this is considered to be very paramount in determining the partisan status of a public servant.

OUR DEMANDS AND WHY EMEFIELE IN UNFIT TO REMAIN AS CBN GOVERNOR

In the light of the above, we maintain our position that Mr. Godwin Emefiele must resign before seeking nomination as a presidential aspirant and before participating in APC presidential primaries and that in line with the CBN Act;

Mr. Emefiele must show evidence that he has submitted his letter of resignation to President Muhammadu Buhari three months before the date of purchase of his nomination forms which are in his name.

Whether purchased by proxy or by himself, what is important is that the forms were purchased with his name on the receipt as valid evidence of payment of the N100 million expression of interest and nomination forms.

We call on President Muhammadu Buhari to immediately sack Mr. Godwin Emefiele as the CBN Governor over gross misconduct in line with the Public Service Rules and CBN Act for registering as a member of APC since 2019. We demand that President Buhari act swiftly to restore the confidence of international investors in Nigeria’s economy as Godwin Emefiele is clearly a politician and former banker.

We condemn in totality the legal action instituted by Godwin Emefiele, asking the Federal High Court sitting in Abuja to restrain the Independent National Electoral Commission (INEC) and the Attorney General of the Federation (AGF) from disqualifying him from contesting the 2023 presidential election.

This has clearly painted Mr. Emefiele as one that cannot be trusted, having denied having an interest in the 2023 presidential election and distancing himself from the APC presidential nomination forms purchased in his name, making him unfit to remain in office as CBN Governor. His stay in office, even if he fails to contest the presidential election will certainly cast doubts on Nigeria’s electoral outcomes in view of the sensitive electoral materials that are traditionally kept in the custody of CBN which now has a partisan Governor.

We warn that Nigeria’s economic woes will worsen if Mr. Godwin Emefiele continues to formulate and supervise the execution of Nigeria’s monetary policies as an APC member against international best practices and standards which forbids a CBN Governor from being a member of a political party.

If Mr. President allows this impunity to continue, we then call on all judges, justices, and judicial officers to pick up their nomination forms from political parties of their choice. If this is absurd and contrary to the principle of neutrality, harmony, and integrity, then Mr. Emefiele must resign now.

The situation is even worse when you look at the desperation of Mr. Godwin Emefiele, who threw caution to the winds by approaching the court to restrain INEC and the Attorney General of the Federation from disqualifying him from contesting the 2023 presidential election even when he is denying ever having the interest to contest and have not declared.

It then implies that Mr. Godwin Emefiele, who is in charge of the Nigeria Printing and Minting Company can possibly manipulate his way to the extent of printing naira notes for the purpose of buying votes from both party delegates and the Nigerian electorates during the presidential election in 2023. However anybody looks at it, in view of the actions, inactions, and denials by Mr. Emefiele, it is illegal, immoral and a big threat to the Nigerian economy to have Godwin Emefiele remain as the CBN governor even for a day longer from today.

We hereby hail the Nigerian judiciary for once again standing on the part of neutrality, fairness, and justice by refusing to grant the ill-fated restraining ex-parte application filed by Mr. Godwin Emefiele. We note that if the restraining order was granted, it would have done worse damage to the Nigerian economy, the psyche of the Nigerian people and that of the international investors than what the needless controversy sparked by Emefiele’s presidential ambition has already done as Nigeria has continued to witness free fall of the naira against other currencies.

The CNPP and allied civil society organisations hereby call on all security agencies, including the EFCC and the ICPC to investigate the CBN governor’s sources of funding for the alleged branded vehicles in the colour of APC and with his name and image of Emefiele on them.

Such vehicles must be located and impounded pending the conclusion of the investigation. In the same vein, all the groups that claimed to have purchased nomination forms for the CBN Governor should be investigated to restore the confidence of Nigerians in the Buhari administration as a government up against corruption and official misconduct.

We equally demand an investigation into whether electoral materials kept at the CBN by INEC since 2019 when Emefiele joined partisan politics were in any way compromised.

We commend INEC for disclosing that the commission would take action concerning sensitive materials which were being kept in the custody of CBN during elections in view of the full-blown partisanship of the CBN governor. With this move by INEC, we believe that the incumbent INEC Chairman can be trusted to conduct a free, fair credible elections in 2023.

Chief Willy Ezugwu

Convener/

CNPP Secretary-General

Alhaji Ali Abacha

National Secretary,

CSOs Coalition

Emefiele Seeks Court Ruling To Run For President As CBN Governor

A file photo of Central Bank of Nigeria Governor, Godwin Emefiele.
A file photo of Central Bank of Nigeria Governor, Godwin Emefiele.

 

The Governor of the Central Bank of Nigeria (CBN) Godwin Emiefele has told a Federal High Court in Abuja that he can run for the post of the President of the Federal Republic of Nigeria without vacating his position as the CBN Governor.

The CBN Governor through his Counsel, Mike Ozekhome, told the court that Section 84 ((12) of the Electoral Act as amended, 2022 does not affect him, being a public servant and not a political appointee.

Arguing an exparte motion filed due to the urgency of the matter, Ozekhome said his client is the current CBN governor and he is interested in running for the office of the president of the country in the election scheduled for February next year.

According to the learned silk, Emiefele is in a dilemma if he can run and when must he leave his office before he can?

Ozekhome argued that the section of the Electoral Act has been voided by a Federal High Court in Umuahia and that the matter is on appeal at the moment.

He also prayed the court for an order of interim injunction stopping further action on the matter.

The CBN Governor had taken the Independent National Electoral Commission, (INEC), Attorney General of the Federation (AGF), and three others before a Federal High Court in Abuja seeking enforcement of his right to contest the 2023 presidential election without resigning from his current position.

The suit adds another twist to the CBN governor’s presidential ambition. Last week, a group of supporters purchased the All Progressives Congress (APC) presidential form for the CBN boss.

That move ended months of speculation that Emefiele was interested in Nigeria’s exalted position.

Following the development, several Nigerians including Governor Rotimi Akeredolu of Ondo State. The governor asked Emefiele to resign his position and if he fails to do so, President Muhammadu Buhari should sack him.

“He cannot combine partisan politics with the very delicate assignment of his office, ” Akeredolu said.

“Should he refuse to quit, it becomes incumbent on the President and Commander-in-Chief of the Armed Forces to remove him forthwith.”

Just hours after the Ondo leader’s comment, the CBN governor cleared the air over his presidential ambition.

In a series of tweets, he said he is yet to make a decision on running for the seat.

He said “should I answer their calls and decide to seek presidential nomination, I will use my own hard-earned savings from over 35 years of banking leadership to buy my own Nomination Forms without proxies in an open and transparent manner in full compliance with the laws and Constitution of The Federal Republic of Nigeria.

“And should I not run for elected office,  I will continue to serve and sacrifice for the good people of Nigeria under the able leadership of President Muhammadu Buhari. This is a serious decision that requires God’s divine intervention: in the next few days The Almighty will so direct.”

But a Senior Advocate of Nigeria (SAN), Femi Falana, says Emefiele is not qualified to run for the office.

He hinged his argument on the provisions of the Nigerian Constitution.

Falana in a statement he issued on Monday, maintained that “while Mr. Emefiele is awaiting divine intervention it is pertinent to point out that by virtue of the combined effect of section 9 of the CBN Act and Section 18 of the Banks and Financial institutions Act 2020 it is the Board of the CBN that is competent to permit him to engage in politics or any other vocation.

“So far, the Board of the CBN has not authorised him to participate in the primary election of the ruling party. To that extent, he is disqualified from seeking any elective position in the primary election of any political party or in the general election.”

PDP Calls For Emefiele’s Probe, Arrest Over N100m APC Presidential Form

 

The Peoples Democratic Party (PDP) has called for the probe, arrest and prosecution of the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, over the purchase of the N100m presidential form.

Speaking during a press conference in Abuja on Saturday, the PDP National Publicity Secretary, Debo Ologunagbo said Emefiele cannot continue to resume as CBN governor having purportedly joined partisan politics.

He described Emefiele’s continued stay in office as one that is unhealthy for the nation’s financial regulatory sector, calling on the anti-graft agencies to beam its searchlight on the CBN governor.

“Now that Mr Emefiele has joined politics and reportedly obtained the N100 million presidential aspirant form from the APC, he cannot continue to resume at the CBN which is the commonwealth of our nation,” the PDP spokesman said.

READ ALSO: 2023: I Have Not Decided To Run For Presidency, Says Emefiele

“By this, Mr. Emefiele has become a clear and present danger to the health, integrity and reputation of the CBN and our nation’s financial sector. His continued stay as CBN Governor will further destroy investors’ confidence in the integrity of our nation’s financial regulatory Institution.

A photo combination of PDP logo and the CBN Governor, Godwin Emefiele.

 

“Mr. Emefiele’s involvement in partisan politics while still holding office as CBN Governor underpins the impunity, lawlessness and recklessness of the Muhammadu Buhari-led APC administration. It further confirms that the CBN under Emefiele has all along been the finance department of the APC.

“I stand with Nigerians in demanding the immediate arrest, investigation and prosecution of Emefiele by security and anti-graft agencies, particularly the EFCC for alleged financial malfeasance and abuse of office in the CBN under his watch.”

Emefiele reportedly picked up the expression of interest and nomination forms of the All Progressives Congress (APC) for the 2023 elections.

The N100 million form was picked up on behalf of the CBN Governor by a group of supporters from the party’s organising secretary at the International Conference Centre (ICC) in Abuja, on Friday morning.

There had been speculations that the Central Bank Governor was interested in vying for the Presidency in 2023 with campaign banners flooding parts of the country.

2023: I Have Not Decided To Run For Presidency, Says Emefiele

A file photo of Central Bank of Nigeria Governor, Godwin Emefiele.
A file photo of Central Bank of Nigeria Governor, Godwin Emefiele.

 

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, says he has not made a decision on running for the presidency, hours after a group purchased the All Progressives Congress (APC) nomination form for him. 

In a series of tweets on his official handle on Saturday, the apex bank boss thanked those who raised money for the purchase but said he would buy the form with his money if he is seeking the post.

READ ALSO: 2023 Presidency: Support Groups Pick Up Nomination Form For Osinbajo

“I am humbled by the growing interest of those asking that I run for the Office of President in the 2023 general elections: I have not come to that decision. I note and salute the sacrifices of those farmers and patriots going as far as raising personal funds and offering me Presidential Nomination Forms: I thank them most profusely,” he wrote.

“However, should I answer their calls and decide to seek presidential nomination, I will use my own hard-earned savings from over 35 years of banking leadership to buy my own Nomination Forms without proxies in an open and transparent manner in full compliance with the laws and Constitution of The Federal Republic of Nigeria.

“And should I not run for elected office,  I will continue to serve and sacrifice for the good people of Nigeria under the able leadership of President Muhammadu Buhari. This is a serious decision that requires God’s divine intervention: in the next few days The Almighty will so direct.”

‘Leave The Office’

Before the clarification, the CBN governor had come under fire from several Nigerians including Governor Rotimi Akeredolu of Ondo State.

In a statement released late Friday, Akeredolu asked him to resign, calling on Buhari to sack the CBN governor if he fails to do so.

“Consequently, we admonish Mr Emefiele to leave the office, immediately, for him to pursue his interest,” Akeredolu said.

“He cannot combine partisan politics with the very delicate assignment of his office. Should he refuse to quit, it becomes incumbent on the President and Commander-in-Chief of the Armed Forces to remove him forthwith.”

Akeredolu Asks CBN Governor To Resign Over Presidential Ambition

FX Restriction: Milk Importation Is Not Banned – CBN
A file photo of CBN Governor, Mr Godwin Emefiele.

 

Rotimi Akeredolu of Ondo State has asked the Central Bank of Nigeria (CBN) Governor Godwin Emefiele to resign over the latter’s move to join the 2023 presidential race. 

The Ondo governor’s comment came hours after a group of supporters purchased the All Progressives Congress (APC) presidential nomination form for Emefiele.

In a statement on Friday night, Akeredolu argued that Emefiele cannot combine his work with partisan politics.

“Consequently, we admonish Mr Emefiele to leave the office, immediately, for him to pursue his interest,” he said.

“He cannot combine partisan politics with the very delicate assignment of his office. Should he refuse to quit, it becomes incumbent on the President and Commander-in-Chief of the Armed Forces to remove him forthwith.”


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 Jonathan No Longer The Best Candidate For President In 2023 – Atedo Peterside


An ‘Illegality’?

The governor said before the purchase of the form, Emefiele had been linked with partisan politics.

“Pictures of branded vehicles, ostensibly purchased for electioneering campaigns, were also posted on social media,” the statement read.

“The audacious moves by those who claimed to be supporting this interest have been unsettling.”

He said while the CBN governor is constitutionally qualified to belong to any group, Emefiele’s position makes the recent move “brazen”.

“There is no gain asserting the obvious. The combined effect of the Public Service Rules, CBN Act, and the 1999 Constitution, as amended, exposes not only the oddity inherent in this brash exercise of presumed right to associate,” the governor added.

“It also confirms the illegality of the act should he proceed to submit the forms while occupying the seat as Governor of the Central Bank of Nigeria.”

2023: CBN Governor Emefiele Picks APC Presidential Forms

A file photo of CBN Governor, Godwin Emefiele.
A file photo of CBN Governor, Godwin Emefiele.

 

Central Bank Governor, Godwin Emefiele has reportedly picked up the expression of interest and nomination forms of the All Progressives Congress (APC) for the 2023 elections.

The N100 million forms were picked up on behalf of the CBN Governor by a group of supporters from the party’s organising secretary at the International Conference Centre (ICC) in Abuja, on Friday morning.

There had been speculations that the Central Bank Governor was interested in vying for the Presidency in 2023 with campaign banners flooding parts of the country.

READ ALSO: Yerima Joins APC Presidential Race After Meeting With Buhari

Amid the speculations Mr Emefiele had said his focus was on solving macroeconomic challenges, including fighting inflation.

“My focus at this time is a robust monetary policy and fighting inflation which is now a global problem; building a strong financial system in an increasingly uncertain global economy,” Mr Emefiele said in a series of tweets in March.

Using the hashtag #NoDistractionsPlease, Mr Emfiele stressed that he was focused on “Development finance and supporting farmers & manufacturers in our self sufficiency and import substitution drive; raising N15 trillion for InfraCo infrastructure financing

“Building a world class International Financial Center in Lagos; as we support the Muhammadu Buhari Administration to finish strong.”

Fire Guts Section Of CBN Office In Makurdi

A section of the CBN office in Makurdi, Benue State, was engulfed by fire on April 21, 2022.
A section of the CBN office in Makurdi, Benue State, was engulfed by fire on April 21, 2022.

 

Parts of a Central Bank of Nigeria office in Makurdi was engulfed in fire on Thursday morning.

The fire incident reportedly started around 7am but was quickly put off by men of the Federal Fire Service.

Although the bank is yet to acknowledge the incident, sources say the fire started from the building’s power section.

READ ALSO: Driver Crushes LASTMA Personnel To Death At Lekki-Ajah Axis

“The fire started from the power house and the the security quickly called the fire fighters who came and put it off, it does not escalate to the main building,” the source said.

Bank staff were seen hanging around in shock discussing the incident at the time of filling this report.

Police react

Confirming the incident, the Benue State Police Command said it had deployed personnel to the bank to prevent any form of looting.

The spokesperson of the command, Sewuese Anene said although the source of the fire incident was not disclosed, the primary responsibility of the police, was to secure the bank against any form of breach.

The CBN office is located at the Government Reserved Area of the state adjacent to the Benue State Government House.

MTN Gets CBN Approval To Operate Payment Service Bank

Alleged 10bn Sanction: MTN, FG Settle Out Of Court
File photo of MTN office.

 

Telecommunication giant, MTN, has received the final approval to operate as Momo Payment Service Bank Limited (Momo PSB).

The approval was granted by the Central Bank of Nigeria (CBN), according to a statement issued on Monday by MTN Secretary, Uro Ukpanah.

“MTN Nigeria Communications PIc (MN Nigeria) announces the receipt of a letter dated 8 April 2022 from the CBN addressed to Momo PSB conveying final approval to commence operations,” the statement partly read.

“The date of commencement will be communicated to the CBN in accordance with its requirements.

“MTN Nigeria affirms its commitment towards the financial inclusion agenda of the CBN and the Federal Republic of Nigeria, and we are excited at this opportunity to support its fulfilment.”

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PSB operators provide financial services through digital means to low-income earners and people that do not use banks or banking institutions for transactions.

They are expected to operate in rural regions and areas where Nigerians do not have bank accounts and should have at least 50 percent physical access points in rural areas.

Following the CBN nod, MTN Nigeria will join the likes of Moneymaster PSB, a subsidiary of Glo, and 9PSB, a subsidiary of 9mobile, to operate in the fintech space.

CBN Fines Four Banks Over N800m For Violating Crypto Policy

In this file photo taken on February 06, 2018 A picture taken on February 6, 2018 shows a visual representation of the digital crypto-currency Bitcoin, at the “Bitcoin Change” shop in the Israeli city of Tel Aviv. (Photo by JACK GUEZ / AFP)

 

The Central Bank has fined four banks for flouting its directive on cryptocurrency transactions.

The CBN had in February 2021 ordered all banks to close accounts of anyone who transacts in cryptocurrency.

According to the CBN, dealing in cryptocurrency or facilitating payments for cryptocurrency exchanges is prohibited.

In a report by Bloomberg on Wednesday, the CBN has now fined at least four banks for failing to comply with that regulation.

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The banks include Stanbic IBTC Bank, Access Bank, United Bank for Africa and Fidelity Bank.

Stanbic Bank, according to the report was fined N200 million for two accounts alleged to have been used for crypto accounts.

Access Bank was fined N500 million for failure to close customers’ crypto accounts; UBA was fined N100 million and Fidelity Bank was fined N14.3 million.

Stanbic IBTC told Bloomberg that it had followed the CBN directive but that some transactions may have passed through its system undetected.

Nigeria, according to Paxful, a Bitcoin marketplace, accounts for the largest volume of cryptocurrency transactions outside the U.S.