The South South Agenda for Tinubu/Shettima (SSAT) has called on President Muhammadu Buhari to audit the accounts of the Central Bank of Nigeria.
It said the CBN Governor, Godwin Emefiele should be suspended from office to enable the board of the Bank, of which the Governor is Chairman, as well as the Financial Reporting Council, to look into the books of the Bank unhindered.
It claimed that the monetary policies of the Central Bank of Nigeria in recent times were bringing the ruling APC to disrepute.
In a press statement through their National Coordinator, Mr. Bitrus Nta Oliver, the group threatened to commence legal action against President Buhari and the Senate if they failed to do the needful.
It insisted that an independent audit of the bank will expose the damage Mr. Godwin Emefiele had allegedly done to the Bank and indeed the Nigerian economy.
“If we do not see any action by the President within the next 96 hours, we shall immediately launch a suit to compel the suspension of the Governor from office because as the Chairman of the Board of the bank, he cannot be a judge in his own case.
“So, he will have to step aside while the Board looks into the books alongside the Financial Reporting Council,” he stressed.
Bitrus further blamed the current economic woes of the country on Mr. Emefiele and his incompetence.
He said, “Removal of Emefiele immediately as the Governor of the CBN will help redeem the economy of the country and draw it back from the brink.
“He has abused his office by using the same to get involved in politics and investors do not have confidence in our monetary policy anymore”.
However, there have been several calls and criticism against the leadership of the Bank since the announcement of the decision of the Bank to redesign the N200, N500 and N1,000 banknotes, which will cease to be legal tender by the 31st of January, 2023.