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Emiefele Must Resign Before We Act-Arewa Youth Assembly

The Arewa youth assembly has taken steps to block the Nigerian Central Bank governor, asking that he resign first. If he does not resign, they will occupy the CBN headquarters until he does.

The Statement Read

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. The chronology of events and his lopsided and obsolete policies have plunged this country into the further economic quagmire that has brought this giant of Africa down on her knees. 

I shall take each fact one after the other to expose how capricious and whimsical the CBN Governor has been all this time. I’m; the Presidency of Nigeria is 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 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 accassioned 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 is 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 losing 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; this are people who lack the professionalism to do such businesses, the 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 lieutenants 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 frauds under Mr. Emiefele’s leadership is the CBN COVID-19 loan, the governor of the CBN through this loan has seen an opportunity to siphoned money in other to pursue his greedy presidential ambition that holds nothing good for this country.

All Nigerians hope that the E-Naira wallet initiative that is to kick off on the 1st of October, 2021 will 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 been speculated by many, Nigerians now understand the slyish nature of Mr. Enefiele and are always ready to pry into his gimmicks and burst bubbles. Our eyes are open in this regard 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, this 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.

A 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 center of all the commotion, here as only this week, the Minister of Labour & Productivity, Mr. Chris Ngige pointed accusing fingers at the CBN under the leadership of Mr. Emefiele as not been 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 front, 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 plans are already dead on arrival and we are calling on Mr. Emefiele to resign his position as The Governor of the Central Bank of Nigeria (CBN) or face our wrath as we are ready to occupy the premises of his office en mass in a few days from now and stay there permanently until he resigns and also carries 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.

We can no longer condone incompetence and mediocrity.

Mohammed Salihu Danlami 


Arewa Youth Assembly


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