Oshiomhole, CSOs Condemn Calls for Emefiele’s Sack

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Governor Adams Oshiomhole of Edo state
Governor of Edo State, Comrade Adams Oshiomhole
  •  Edo State governor says CBN governorship should not be politicised

Ejiofor Alike in Lagos and Paul Obi in Abuja

Edo State Governor, Mr. Adams Oshiomhole and a coalition of civil society groups in the country yesterday condemned those calling for the sack of the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, describing them as faceless manipulators of the Nigerian economy who are bent on wasting their time.

They stated that President Muhammadu Buhari would not be fooled by them into sacking the CBN governor.

Oshiomhole said the hiring and firing of the CBN governor is not a political decision because institutions such as the central bank are central to economic growth and development of any serious nation.

The governor argued that those angling for the sack of Emefiele were merely invisible hands who have continued to thwart the nation’s economic resources for their selfish interest.

The governor made the statement yesterday in Abuja during his visit to the National Universities Commission (NUC) to present a letter of recognition of the Edo University in Iyamho.

“If a governor is doing fine, his hiring and firing is not a matter that should be discussed by faceless Facebook manipulators, and by the time you unmask the people behind it, you will discover that they are palm wine drinkers,” he said.
Oshiomhole said with the challenge of running the economy undergoing a recession where there is limited inflow of foreign exchange, the government does not want to trigger a process that will lead to endless devaluation that will ultimately reduce the Nigerian naira to Zimbabwean dollar.

“President Buhari is not going to be fooled by people who want to have a regime where government is just an onlooker and allow the naira to become worthless and people are making money from speculation. So those guys are wasting their time,” he said.

The Edo State governor noted that the CBN governor was right in insisting on the 41 items that had been denied access to forex from the interbank forex market, adding that “people who have been feeding fat on our common patrimony, manipulating the exchange rate and moving money across boundaries are the speculators spreading the campaign for his sack”.

He explained that the country has a new federal government which won an election on the basis of the mantra of change and there are all kinds of people who have made money in this economy without contributing anything.
“We have a new federal government that has won election on the basis of change and there are all kinds of people who have made a lot of money from the economy without contributing anything by just playing on exchange rates and commercial papers.

“It is these speculators, because the CBN governor has been saying we cannot open the doors to all kinds of imports such as toothpicks, tomato paste and all sorts of things who have been feeding fat on our common patrimony, manipulating the exchange rate, moving money across borders, and taking advantage of electronic money transfers, that are behind these campaigns,” he said.

Oshiomhole added: “Of course there are some opportunistic elements, people who feel that if this man goes, I will get there and they are ready to go to any length to remove him.

“I think this government is making a point that the hiring and firing of CBN governors need not be a political decision, because we should respect institutions; the hiring and firing is not a decision by Facebook manipulators, and by the time you unmask the people behind it, you will discover that they are palm wine drinkers.
“I think the CBN governor is right, he is standing his grounds and those who are opposed to him are free to speak, but I know that President Buhari is not going to be fooled by people who want to see a regime where government is just an onlooker and allows our naira to become worthless and for people to make money from speculation, so those guys are wasting their time.”

Also, the executive committees of a coalition of civil society groups rose in defence of Emefiele and condemned the threat of a protest by “a shadowy, bogus and unscrupulous group parading itself as a civil society organisation”.
The civil society groups stated that the central bank governor was being persecuted for the policies on the implementation of the Bank Verification Number (BVN), restriction on foreign exchange allocation, reform of the bureau de change sub-sector, and refusal by the central bank to devalue the naira.

The groups also stated that the “phony” group threatening to hold a protest against Emefiele was not a civil society organisation and was therefore not recognised by the coalition of civil society groups in Nigeria.

In a statement yesterday, the coalition insisted that regardless of how this phony group tries to mask itself as a civil society organisation, an independent investigation had revealed that it was in fact a political organisation of paid agents and sponsored groups representing the interest of a certain geopolitical zone in the country.
The coalition revealed that the promoters of this group are persons who are known to be troublesome and have the capacity to disrupt the public peace.

The groups said they fully appreciate the difficulties and anxieties of many Nigerians given the present tough economic environment, but maintained that the situation was not caused by one man or one institution and considered it unfair for anyone or group to try to put the blame on only one person or organisation.

According to the coalition, relative to its peers, the Nigerian economy was not performing that badly.
“Among commodity-exporting economies, for instance, inflation, GDP growth and employment are far worse in countries like Zambia, Ghana, and Argentina with inflation rates of between 19-28 per cent. As a matter of fact, Brazil and Russia are in recession, while South Africa is struggling to record positive growth.

“These are all linked to the fall in commodity prices in the international market. Emefiele and the CBN have so far managed to keep inflation far below what has been recorded in many comparator countries,” the coalition said.
It insisted that the policies of the Emefiele-led CBN are aimed at protecting ordinary Nigerians from the destructive capitalistic instincts of a few speculators.

“Emefiele’s policies have truncated the rent-seeking ability of many of these economic parasites and saboteurs. And we believe it is for this singular reason that both Emefiele and the CBN are being vilified in the most unfair and disgraceful manner by a sponsored group of anarchists.

“Nigerians have been taken for a ride for too long. Our collective patrimony has been cornered by a few looters for too long. We can no longer stand idly by and watch these thieves, in collaboration with foreign neo-colonialists and imperialists, keep the masses of our people under perpetual bondage. This is the time to free Nigeria and its people from the dirty hands and greedy mouths of a few,” the civil society groups added.

They stated that Emefiele’s detractors are aggrieved by his implementation of the BVN, which ensures that those who have looted the country’s resources and concealed them under various account names are detected.

“Given their inability to hide their identities these thieves have vowed to hound Emefiele for daring to destroy their criminal activities. May God never allow them to succeed,” the groups said.

They also noted that the list of 41 items not eligible for forex at the CBN did not go down well with Emefiele’s detractors, as the elite and business moguls had been depleting the country’s forex reserves by aggressively importing goods, which could be easily produced in Nigeria.

“By their action, these profiteers have killed jobs in Nigeria and created jobs abroad. They have exported prosperity abroad and imported poverty into their fatherland. But as long as their huge profit margins are guaranteed, they do not care. What Emefiele and his team have done is to say that we can no longer import unemployment and export wealth out of Nigeria,” the groups explained.

The coalition also noted that Emefiele was being persecuted because of the reform of the BDC sub-sector that is being undertaken to ensure that genuine business people engage in the business and not serve as fronts for those who continuously loot the national treasury.

“Indeed these looters and their sponsors have used all sorts of guises to register several BDCs with which they drain foreign exchange from the CBN and use such to transfer their loot abroad. It is only in Nigeria that BDCs expect government (CBN) to give them foreign exchange before they do business,” they added.

  • Daniel Obior

    How are we sure the calls for the removal of the CBN governor is not being initiated and prodded from the presidency itself? Evidently, the parochial man that Buhari is, would prefer and be more comfortable with someone he has chosen. Such a person usually would be from the north and specifically from Daura. That is the only way the man knows how to operate.

    • Usher

      Hehehe… I also heard the Belgium bomb blast was planned and initiated by Buhari.

      • Daniel Obior

        That was in your dream.

      • bigdaddy

        dont mind the lunatic. The way he talks about PMB you would think they were once rivals going after the same girl.
        He is so full of hate and is very paranoid. Just imagine the nonsense he posted.

        • Daniel Obior

          BIG DADDY BIG FOOL.

    • bigdaddy

      Paranoia. DO you see pmb in your dreams every day? perhaps you see him too even when you sleep with your wife.
      Buhari this, buhari that. Or are you in love with the man. Why try pinning everything under the sun on the old man
      Get off the crack you are on and carry on with your life. 2019 is around the corner, go get your PVC and vote him out.

      • Daniel Obior

        Of course I see him in my dream everyday without an iota of idea how to run the country. I will continue to be on his back till he wakes up from his deep slumber. If a dunce like you does not like it go commit suicide. Dummy.

  • AKA.BRUME

    The group URHOBO RENEWAL INITIATIVE is 100% against the removal and or sack of the CBN governor, but completely in support of the withdrawal of letters of employment to those who do not meet the civil service standard minimum employment procédure.

    This is what we expect our former NLC President and now Edo State Governor to be talking. Not all thèse name calling and or blâme shifting politics. Unless one of Oshiomole’s sons, daughters or relatives is in the next batch of those to be recruited illegally into the CBN, and or maybe his sponsored candidate is amongst the previous 909 illégal CBN employées.

  • Omooba Adekunle Orafidiya

    So, it is the “faceless” groups that forced Oshiomhole to release N10b to PDP and $47m to Sambo Dasuki (in raw cash in both instances)? Is a CBN governor who is involved in what is clearly money laundering standing on any moral high ground to remain in that office? Is it also BDC Operators that illegally employed the sons/daughters/nephews/nieces/wards of people like Buhari, Atiku, Dambazzau, IGP Arase, Customs CG Hameed Alli; to mention but a few? At the last count, Emefiele has secretly employed 909 privileged Nigerians without advertising a single vacancy! Oshiomole needs to report at a psychiatric facility soon. With “leaders” like Oshiomole, Nigeria is in deeper trouble than previously thought.

  • vic

    IT IS THE POLITICIAN DOLLAR LOOTERS WHO HAVE LOOTED CBN OF HUNDREDS OF MILLION OF DOLLARS FROM THE CLUELESS CBN GOVERNOR ARE RESPONSIBLE FOR MONEY LAUNDERING AND RUINING THE NATIONAL CURRENCY NAIRA. GOVERNOR OF THE CBN HAS BEEN ACTING AS AN ERRAND BOY OF THE PAST AND THE CURRENT GOVERNMENT OF CLUELESS DEADWOOD BUHARI JUST TO SATISFY THEIR DOLLAR APPETITE. ALSO AS THE CHAIRMAN OF THE BANKERS COMMITTEE, CBN GOVERNOR HAS BEEN ENCOURAGING NAIRA-DOLLAR SPECULATION IN THE SO-CALLED BLACK MARKET WHERE THE BANKS SELL THEIR DOLLARS AT THE BLACK MARKET RATE OF N320-350 PER DOLLAR AFTER BUYING THE SAME AT THE OFFICIAL WINDOW AT THE RATE OF N197 PER DOLLAR. THUS CBN GOVERNOR AS A CHAIRMAN OF THE BANKERS COMMITTEE, HE IS PASSIVELY AIDING AND ABETTING FRAUD IN THE NIGERIAN BANKING SYSTEM. UNDER THESE CONDITION NAIRA CAN NEVER COME STRONGER BECAUSE THAT WILL NOT BE IN THE INTEREST OF THE BANKERS. I HOLD CBN GOVERNOR DIRECTLY RESPONSIBLE FOR THIS FOREX FRAUD AND MALICE AND HENCE THE CALL FROM WELL-MEANING NIGERIANS WHO WISH NIGERIA WELL FOR MR GODWIN EMEFIELE TO BE SACKED HENCEFORTH AS THE GOVERNOR OF THE CENTRAL BANK.

    • chimex

      Did it occur to U that by typing in capital letters, that it means you are shouting?

      • vic

        i do agree with you but i have chosen to shout at these irritating corrupt politicians and their stooges deliberately. please pardon me if you feel offended, i will never shout at my fellow friends like you.

        have a pleasant day.

      • vic

        i know it but i have decided to shout at these looters and thieves

    • generalfreeze

      So annoying to read in caps

      • vic

        please see my above response to chimex on this, as my answer to you. please do understand, do not be annoyed!
        have a good day.

      • vic

        sorry, but i hate these looter politicians and cannot help but to shout at them. you might have observed i have never shouted people like you on this forum. shouting is only reserved for these hypocrite looter politicians and the likes of them. i suggest we should all shout at them like this.

  • Dele I

    Mr Emefiele is an “Executive Bank Cashier”! The CBN needs an economist as Governor that can strategically manage our economy and the Nigerian Naira particularly. The current CBN Governor and his team have all passed their appointed time; they have never been truly patriotic and do not demonstrate transparency and public accountability. I’m persuaded that majority of Nigerians do have confidence in his leadership anymore.

    • Jujubeans

      Very well said… He also presided over the carting away of billions of dollars from CBN. But there’s been no reprimand. The man is useless! And I believe he is the one trying to sabotage Buhari after all he’s a Jonathan stooge.

      • vic

        perfectly correct again.

    • vic

      a point of correction! you mean, a majority of nigerians do NOT have confidence in his leadership anymore??????

      • Dele I

        You are right. I have amended it.

  • vic

    OSHIOMHOLE, DO NOT TALK AND BEHAVE LIKE AN ASSHOLE.

  • vic

    YES MR BUHARI, BRING ANOTHER ILLITERATE FROM YOUR DAURA VILLAGE AND APPOINT HIM AS THE CBN GVERNOR TO DELIVER YOUR DOLLAR LOOT AT YOUR HOME IN DAURA.

    • civil man

      im happy you added CLUELESS JONATHAN. i rest my case

  • Paul Graham

    Baba Osho, if truly Emefele is involved in illegal employment, he should be shown the way out. There should be no double standard in the fight against corruption!

  • Milito

    Amazing how we can be parochial and sentimental. The same OSHO screamed that erstwhile finance minister be probed and you all hailed him as the new anti corruption czar but now condemn him when he absolves Emefiele.
    Until we eschew bias, this country will continue to spin round and round. We need to grow beyond these parochial, tribal and partisan sentiments.

    • dozie

      Who hailed him! Oshiomole has always been wrong, wrong and this time wrong again. For example, he led the charge to share the SWF which is money being saved for the rainy days. That was wrong then, and repeatedly proclaimed wrong now by APC.
      Fact is Emefiele has not demonstrated competence required for a CBN governor, in character, skill and knowledge.

  • jideofor Madu

    Quite obviously Oshiomole is being mischievous and economical with the truth about Emefiele, and possibly has a vested interest as a beneficiary in one way or the other of the current CBN Governor’s well know “generosity” to whichever Nigerian politicians are in power – PDP and now APC. Who has therefore politicized Emefiele’s office if not the man himself? Emefiele lacks the character, intellectual and professional gravitas to be the CBN Governor. Dasukigate alone, not to speak of his massive recruitment scandal are enough for him to go.

  • John Akasike

    Excuse me, this man is still the governor of Edo state after his transgression? Only in Nigeria, yap!

  • Ogom

    Comrade Oshiomole is stuck in Soviet Russia and his Oga in 1985.

    They should just hire people with the training and experience to move the economy forward and stop exposing their collective ignorance in the press.

    Emefiele is the same guy that dished out $ to Dasuki and Co. We know this. PMB knows this. Why is he still CBN Governor with an “anti-corruption” APC government in power?

    I say he’s there because PMB wants him to be there. Emefiele is the only person they could find to implement their backward policies. They have him by the balls and he will betray his own instincts, training, experience and sensible advice from renowned economists and business people to save his own skin.

    They will soon learn all this gra-gra won’t work on the economy.. Or maybe they won’t. God help us all.