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Published On: Thu, Nov 19th, 2020

PDP urges CBN Governor to step aside

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…Says economy in shamble

By Lateef Ibrahim, Abuja

The Peoples Democratic Party (PDP) has called on the governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, to step aside and allow more competent and less partisan hand to manage the affairs of the apex bank.
This, the PDP maintained, is to rescue our economy from going comatose.
The main opposition party made the call at a press conference addressed by its National Publicity Secretary, Mr Kola Ologbondiyan yesterday in Abuja.
The party also disclosed that it is yet to be formally notified by the Governor of Ebonyi State, Mr Dave Umahi over his purported defection from the PDP to the ruling All Progressives Congress, APC.
It pointed out that for as long as it is yet to be formally informed of the move from PDP to APC by Umahi, such a claim will be considered as rumour.
The party has however slated its National Executive Committee, NEC, meeting for tomorrow (Thursday) in Abuja to deliberate on important issues affecting the PDP and other matters of national importance.
While justifying its call on the CBN Governor to step aside for a more competent and less partisan hand to manage the affairs of the apex bank, the PDP stressed that the Bank, under the leadership of Godwin Emefiele, has failed to demonstrate the capacity to initiate, articulate and implement policies that will lift the economy.
It categorically declared that the nation cannot afford another round of restiveness, particularly relating to the banking and finance sector, as such will not augur well with Nigeria’s struggling national economy at this time.
The main opposition party stated that
it finds it shocking and very disappointing that the CBN abandoned its statutory roles to engage in vindictive clampdown on accounts of private businessmen and had refused to lift such clampdown despite the ruling of court of competent jurisdiction in that regard.
The PDP stated further that it is scandalous that the CBN is also engaging punitive freezing of bank accounts of Nigerians for participating in the genuine and peaceful EndSARS protests, at a time it should be galvanizing efforts for solutions to the myriads of economic challenges facing the nation.

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