Business & Finance

Nigerian Lawmakers Demand Sack of CBN Governor, Godwin Emefiele


Several members of the house of representatives have stated, rather emphatically, that Godwin Emefiele needs to be sacked as governor of Central Bank of Nigeria (CBN).

In a motion, ‘Call for investigation of the Central Bank of Nigeria’s forex policies’, sponsored by Ali Isa, which was discussed on Wednesday, the lawmakers said Emefiele should be sacked over the poor condition of the naira.

A reps member, Mojeed Alabi, was especially dismayed that the CBN governor ignored several invitations to discuss some of the bank’s policies with the lower chamber.

“Over the falling of the naira, the CBN governor and his team should be sacked,” he said.

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Wale Raji, another member, also called for Emefiele’s sack and added distastefully that Nigeria is the only country that quotes “black market” figures as officials.

“Who is in charge of our Forex CBN or the black market? This is the only country in the world where the black market rates are quoted on television,” he queried.

“If Nigeria were to be a normal country, the CBN governor and his team should be sacked,” he stated.

The House’s Minority Leader Leo Ogor however kicked against the sacking of the CBN governor but pointed out that the legislature in conjunction with executive should find a solution to the problem.

Daily Post

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