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Emiefele destroying Nigeria’s economy – Arewa group
A Northern group, Arewa Youth Assembly has accused the Central Bank of Nigeria (CBN) governor, Mr Godwin Emefiele of double dealing and destruction of Nigeria’s economy.
The group in a press statement which was signed by the Speaker, Mohammed Salihu Danlami and sent to CAPITAL POST on Monday in Abuja, described the apex Bank’s governor as a phenomenal failure, saying that the nation would collapse completely if nothing was done to salvage the economy by President Muhammadu Buhari’s administration.
The group said, Godwin Emiefele is the worst thing ever to happen to Nigeria and her economy, much more woes is to come if the needful is not done, adding that Nigerians can no longer condone incompetence and mediocrity.
The statement said: “Emiefele is Januz, a Greek god with a double face, He is a double agent, one with the government, and the other is for his presidential ambition. With the chronology of events and his lopsided and obsolete policies that have plunged this country into further economic quagmire that have brought this giant of Africa down on her kneels.
“I shall take each fact one after the other to expose how capricious and whimsical the CBN Governor has been all this time. With the single aim; Presidency of Nigeria his holy Grail.
“The Central Bank under Mr Godwin Emiefele has performed so woefully that the Nigerian economy that was termed one of the fastest growing entity on the globe before his emergence as governor, is today a mirage and a pity compared to even minor economy in Africa.
“You will all agree with me that before Mr Emiefele took over the apex bank of Nigeria, our Naira, which is our official currency of transactions was exchanging against the dollar for $1 to ₦170 but today, we need no interpretation to tell that it has gone beyond bad.
“Most pitiable is the fact that the naira runs at parity with the CFA, it use to be 1000CFA to ₦365, and by projections, it can only go worst.
“All this is a result of incompetence on the side of the management of the CBN occassioned by greed, corruption unfriendly policies and the lack of good will to do what is just; the failure coefficient of Mr Emiefele is beyond imagination, yet the government turned deaf ears when there was a public call for Mr President not to reappoint him for a second term in office.
“Today, the fear of many Nigerians are manifesting in how fast the Nigerian economy is taking a nose dive, reasons the rise in inflation is at it all time high.
“Mr Adamu’s explanation as to why Naira is loosing value, tying it to the depreciation in the value of the Naira to the effects of the COVID-19 pandemic on the economy is highly laughable as the pandemic was global yet the currencies of other countries have not lost ground as much as the naira has, no thanks to Mr. Emiefele.
“All the different programs of the CBN has under the watchful eyes of Mr Emiefele been hijacked by greedy politicians and Emiefele’s cohorts who are hell bent on enlarging their already very fat pockets at the detriment of our growth and well-being of the masses, notable amongst these misdeeds is how Mr Emiefele was dishing out BDC licenses to members of the National Assembly.
“Note; these are people who lack the professionalism to do such businesses, dollar is always made available to those individuals just on a call.
“While Mr President is working his sleeves out in the fight against corruption, some supposed lieutenant such as Mr Emiefele are busy aiding it and thereby playing down on Mr President’s effort.
“So sad, the CBN has become the new constitutional project of some National Assembly members.
“The Central Bank of Nigeria (CBN) has failed to submit its audited account to the Office of the Accountant General of the Federation (OAGF) for scrutiny, since 2010 till date, This was confirmed by the Chairman, House Committee on Finance Rt. Hon. James Faleke.
“Hon. Faleke in an interactive session with the Deputy Governor, Corporate Services Department of the Central Bank of Nigeria (CBN), Mr. Edward Adamu, said the apex bank also failed to remit about N800 billion to the Federal Government.
“It doesn’t speak well of the apex bank that is supposed to be championing proper scrutiny for financial dealings and transactions especially within the finance sector.
“One of the biggest fraud under Mr Emiefele’s leadership is the CBN COVID-19 loan, the governor of the CBN through this loan has seen an opportunity to syphon money in other to pursue his greedy presidential ambition that holds nothing good for this country.
“The hope of all Nigerians is that the E-Naira wallet initiative that is to kick off on the 1st of October, 2021 will actually meet the aim of the initiative and fulfill the expectations of many Nigerians and not a criminal medium to funnel out funds to support the selfish presidential ambition of Mr. Emiefele, as being speculated by many.
“Nigerians now understands the stylish nature of Mr Enefiele and are always ready to pry into his gimmicks and burst bubbles. Our eyes are open in this regards and we are watching.
“A year ago, on July 24, 2020, the Central Bank of Nigeria (CBN) unveiled series of guidelines for the non-interest financial interventions under its non interest loan scheme initiative for Agric-Business Small & Medium Enterprise Investment Scheme(AGSMEIS), Micro Small & Medium Enterprise Development Fund(MSMEDF); the Accelerated Agricultural Development Fund (AADF) and a host of others.
“These scheme attracts a lot of interest from several Nigerians, as millions applied for the scheme following every due procedure; this is over a year and nothing has been said or heard about this scheme from the CBN.
“The scheme has been abandoned and this is largely due to Emefiele’s now divided attention as what is uppermost in his thought is his Presidential ambition.
“This man is no longer fit to be called the CBN Governor. He should resign and face his ambition squarely, Nigeria and Nigerians cannot be allowed to suffer just for the interest of one man.
“Few days ago, the Academic Staff Union of Universities (ASUU) threatened a fresh strike as a result of impasse implementations of agreed terms with the Federal Government. Again the CBN is in the centre of all the commotion, here as only this week, the Minister of Labour and Productivity, Mr Chris Ngige pointed accusing fingers at the CBN under the leadership of Mr Emefiele as not being able to come up with her audited report that will enable the FG to implement and execute on projects meant to foster progress on all fronts.
“But again Mr Emefiele’s nonchalant attitude is playing a very big role in holding our educational system to ransom. He is not bothered since non of his wards are schooling in Nigeria.
“Such is the wickedness of a man who is nursing a secret ambition to be President of this country.
“Such plan is already dead on arrival and we are calling on Mr Emefiele to resign his position as the Governor of Central Bank of Nigeria (CBN) or face our wrath as we are ready to occupy the premises of his office enmass in a few days from now and stay there permanently until he resign and also carry out world press conferences at the premises of his office daily to relate to the world his level of incompetency and the level of damages he has caused us as a people and a nation”, the statement concluded
The President of the Nigerian Senate Godswill Obot Akpabio said, he will not be distracted by the baseless allegation and antics of Elisha Abbo who formerly represented Adamawa North Senatorial District in the Senate, stating that it was unfortunate that the ex-lawmaker has started another round of malicious campaign against him.
This was contained in a statement made available to journalists on Thursday by the Special Adviser on Media and Publicity to the Senate President, Hon Eseme Eyiboh, declaring that Elisha Abbo’s outbursts are those of a failed politician who fraudulently represented Adamawa North Senatorial District before the Court intervention cleared him out of way.
Akpabio through his aide was reacting to Elisha Abbo’s blame on Akpabio, suggesting that he was responsible for his electoral woes in an interview he granted on Arise Television on Wednesday while he featured on politics today.
Part of the statement read: “The attention of the Office of the President of the Senate has been drawn to another round of spurious and malicious accusations by Mr. Elisha Abbo, who unlawfully represented Adamawa North Senatorial District save a judicial intervention.
“He has again sought to blame the President of the Senate, His Excellency, Senator Godswill Obot Akpabio, for the travail of his judicial sanction that occasioned his ouster from the Senate.”
Akpabio said he was perturbed the more over Elisha’s outburst on him over an issue he has regretted and apologized to him publicly in 2023—after admitting that his earlier accusation was “premature and based on the available information at his disposal.
He noted further that Abbo had once discussed with him last year and acknowledge that “he was not involved in the judicial process that led to his ouster from the Senate.”
“For the avoidance of doubt, the Court of Appeal, after a thorough legal process, ruled unequivocally that Mr. Abbo’s presence in the Red Chamber was in error. The court determined that he was not validly elected as the Senator for Adamawa North, and consequently, he was removed.
“The court acted in accordance with the extant laws and the Constitution within its sacred duty to uphold the rule of law. Senator Akpabio, a seasoned lawyer and democrat, holds the independence of the judiciary in the highest regard and would never interfere in its processes.”
Given that Abbo has exonerated him, Akpabio said he found it illogical and irresponsible for him to now turn around and heap blames on him.
“Mr. Abbo has also sought to create the impression that he was unjustly denied official benefits following his ouster. He claims entitlement to salaries, allowances, and even an official vehicle, despite the court’s declaration that his tenure was null and void ab initio.”
Akpabio noted that he has no executive fiat to approve finances, except such has been duly vetted and forwarded to him by the appropriate administrative units in line with the public finance guidelines.
If any of Mr. Abbo’s claims for payment did not reach the desk of the Senate President, it is because they failed to meet these lawful standards—not because of any personal or political vendetta.
It is unfortunate that instead of accepting the consequences of his legal and political failings, Mr. Abbo continues to resort to media theatrics and reckless finger-pointing. Even more telling is his record of public conduct. Nigerians will recall that in 2019, he was caught on video assaulting a female citizen in Abuja—an incident for which he was ordered by a competent court to pay N50 million in damages. This is a matter of public record and speaks volumes about his temperament and disposition.
His recent outbursts about unpaid travels and imagined plots further reinforce the conclusion that his actions are driven not by facts or principle, but by bitterness and desperation to remain politically relevant. These claims are not only baseless, but they reek of grievance and a refusal to accept personal responsibility for his removal and loss of public trust.
Senator Godswill Akpabio remains focused on the noble task of nation-building, providing purposeful leadership in the Senate, and strengthening democratic institutions—especially the independence of the judiciary. He will not be distracted by the antics of individuals who seek to rewrite history to mask personal failures.
We urge Mr. Abbo to reflect deeply, respect the rule of law, and focus on rebuilding the confidence of his constituents if he hopes to return to public life. Nigeria’s democracy can only thrive when its actors show maturity, responsibility, and an abiding respect for the truth.
Structured HQ Legal, (SHQ) has issued a public notice warning against any transactions involving the buying, selling, leasing, or letting of the Hampton Harbour landed property.
The landed property measuring at 19.5 hectares is located at Elegushi Royal Family Land, Ikate Ancient City, Eti Osa, Local Government Area, Lagos State with reference number 376/376/2777GC and belongs to the Baggeren International Company.
In an official press statement issued to the news men, the firm disclosed that the property is currently under legal scrutiny, cautioning that any individual or entity engaging in transactions related to Hampton Harbour does so at their own risk. They also emphasized that unauthorized dealings could lead to significant financial loss and expose parties involved to legal consequences.
SHQ further noted that any person(s) who proceeds with any dealings in relation to the Hampton Harbour property risks both financial loss and potential legal actions noting that such transactions may result in criminal and civil liabilities for trespass or fraud.
The public is strongly advised to exercise caution and ensure due diligence before engaging in any transactions concerning Hampton Harbour. Prospective buyers, investors, or stakeholders must seek formal confirmation and approval from Structured HQ Legal or Baggeren International Company Limited to avoid financial and legal risks.
The Independent National Electoral Commission, INEC, on Thursday said, requirements for recalling Senator Natasha Akpoti-Uduaghan representing Kogi Central Senatorial District were lacking in the petition.
In a statement to update circumstances surrounding a purported petition against Natasha, the INEC said, it has rejected the petition.
The Commission said, Natasha is a Senator of the Federal Republic of Nigeria and there are requirements to recall her or any other Senator, but it cannot consider the petitions that lack merits.
Earlier the Secretary to the Commission, Rose Oriaran-Anthony, acknowledged receipt of petition against the embattled lawmaker from her constituents after submitting it to the INEC headquarters in Maitama, Abuja.
Senator Natasha Akpoti-Uduaghan representing Kogi Central Senatorial District was the former Chairman of Senate Committee on Local Contents, but was suspended from the Senate over alleged breach of Senate Standing Rules.
Natasha disclosed that she has approached the Court to quash her suspension which she claimed was illegal.
According to the petitioners, over 250,000 constituents’ signed the petition, out of about 480,000 registered voters in the senatorial district.
The petition was titled Constituents’ Petition for the Recall of Senator Natasha Akpoti-Uduaghan on Grounds of Loss of Confidence’.
In a brief statement on Thursday, the Commission said, “The petition for the recall of the Senator representing the Kogi Central Senatorial District has not met the requirement of Section 69(a) of the Constitution of the Federal Republic of Nigeria 1999 (as amended).”
The female lawmaker also on Tuesday defied ban by Kogi State Government and visited her Senatorial District in what she said, was a Sallah visit to felicitate with those who gave her their mandate.
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