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Naira redesign: Emefiele intentionally destroy Nigeria's economy -CSO

A Civil Society Organization, Nigerians for Good Governance, has accused the Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, of intentionally taking actions that destroyed the country's economy.

The group then asked the president, Maj. Gen. Mohammadu Buhari (retd), to immediately sack Emefiele, saying actions of the Apex Bank governor has worsened the country's poverty index.

In a statement signed by the convener of the group, Wole Oladapo, obtained in Osogbo on Sunday, the NGG, accused Emefiele of making clandestine attempt to run for political office in 2022, despite not resigning from his position as head of the Apex Bank. 

It further said the CBN Governor has committed too many errors for which he should have been sacked, noting that, "under this same man, the Naira witnessed unprecedented loss of value, the Nation’s monetary policy became unstable and for a very long time till date, our country’s Forex transactions are now largely at the mercy of players in the parallel market.

"If his obvious incompetence is not enough reason to sack him, and his attempt to play politics is also not enough, his inhuman handling of the currency redesign programme and the disrespect for the rule of law that followed, should be enough reason. 

"We are miffed that a public office holder could so brazenly take actions that has since worsened the poverty index in Nigeria and he is still in his job till date. We thought that by now, a pro-people President would have terminated his appointment, following all powers that his office wields, to make this happen. Emefiele's actions were deliberate to impoverish Nigerians and intentional move to destroy the Nation’s economy."

The CSO then urged Buhari to show true leadership and replace Emefiele team, with a more professional, more competent, more knowledgeable and more responsible team.

"This current leadership has shown itself to be irresponsible and uninterested in improving the economy of the country. Sacking and making him answer to his deliberate sabotage of the economy is the only correct recompense that will make Nigerians happy," it concluded.

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