How Emefiele superintended massive looting in CBN – PDP

The Peoples Democratic Party (PDP) has accused governor of the Central Bank of Nigeria, Godwin Emefiele of superintending over a massive looting of funds in the apex bank.

PDP made the accusation on Thursday in a statement by its National Publicity Secretary, Kola Ologbondiyan, calling on the Economic and Financial Crimes Commission (EFCC) to immediately invite Emefiele for questioning over the allegations.

According to the opposition party, the National Secretary of the ruling All Progressives Congress, Senator John Akpan Udoedehe, had on Wednesday, September 15, 2021, revealed that the CBN governor supervised the pillaging of the nation’s vaults under his watch.

A development, which the PDP said must be investigated by the EFCC and if found wanting, prosecuted.

He added that PDP has waited a week for Udoedehe to recant on his statement or for Emefiele to repudiate the APC National Secretary.

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“Our party insists that beyond Akpanudoedehe allegation, the tenure of Emefiele as CBN governor under the APC administration has witnessed colossal failures of monetary and fiscal policies, requiring him to vacate the office and hand himself over for investigation.

“It is instructive to note that when Emefiele took office as CBN Governor in 2014 the naira exchanged for N164 to a dollar. Today, in the hands of Emefiele and the APC, the naira has tumbled to near N600 to a dollar, putting the nation’s economy on its knees.

“Painfully, under the leadership of Emefiele, the CBN has failed in its core mandate of managing the economy and took a dive into propaganda, with claims that do not reflect the harsh economic reality on the ground,” the statement read.

The PDP therefore urged the EFCC not to “allow this revelation to be swept under the carpet as it borders on serious economic sabotage which sanctions are clearly spelt out under our laws.”