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Business & Finance

Nigerian Lawmakers Call for Resignation of Emefiele, Adeosun

Godwin Emefiele - Kemi Adeosun
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A Panel of the Nigerian House of Representatives have called for the resignation of CBN governor Godwin Emefiele and Finance Minister Kemi Adeosun.

Rep Sadiq Ibrahim (APC, Adamawa), Chairman of the ad-hoc committee said Nigerians should demand for their resignation. The committee was set up to investigate the N700 billion bail-out funds given to some state governments by the federal government.

The Director General of the Debt Management Office (DMO), Abraham Nwankwo should also resign, the committee said.

Rep. Sadiq spoke after the trio failed to appear before the committee.

Adeosun did not send any representative, but Emefiele delegated an executive director in the apex bank, Umar Abubakar, to represent him, while the DG of DMO was represented by Oladele Afolabi. But the lawmakers rejected the representatives.

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“The attitudes of these top government officials show who is mismanaging the economy of the country. Nigerians should rise up and call for their resignation immediately,” he said.

“If it is to bring virement, they would rush down, but now that they are to come and explain to Nigerians how the bail-out fund running into over N700bn was disbursed, they are sending representatives; they are only interested in borrowing. This has to stop.”


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