CBN: Emefiele relying on voodoo economics, sack him – Buhari told

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President Muhammadu Buhari has been asked to immediately sack the Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, for relying on voodoo economics.

Lately, Emefiele has been linked to fraud, diversion of government funds, and perpetuating unwholesome practices in Forex management in the country.

However, a pro-democracy group, Coalition Against Corrupt Leaders in Nigeria, CACLN, said Emefiele must be removed from office.

CACLN made the call when they stormed the Presidential Villa to protest against Emefiele’s continuity as CBN governor.

The protest tagged ‘Emefiele Must Go’ witnessed a large turnout.

Addressing journalists during the protest, the Convener of the group, Dauda Yakubu, said Emefiele had desecrated the revered apex bank.

Yakubu lamented that Emefiele had made the country a laughing stock in the comity of nations.

He stressed that Emefiele was not fit to continue in office as CBN governor.

He said: “The Governor of CBN, Godwin Emefiele, has not only desecrated the revered apex Bank in Nigeria but also made the country a laughing stock in the comity of nations.

“His penchant for voodoo economics is also legendary. The policy summersaults and inconsistencies in fiscal policies have indeed hurt the country’s economy in unimaginable ways.

“It remains a mystery how the Governor of the sensitive CBN of a country would engage in partisan politics by vying for the position of President expending billions of naira from the vaults of the Central Bank in his political ambition.”

The group said Emefiele introduced the naira redesign to cover up for some of his anomalies perpetuated in office.


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