Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), has been accused of using voodoo economics, and President Muhammadu Buhari has been urged to fire him immediately.
Emefiele has recently been connected to fraud, misappropriation of public funds, and fostering unhealthy practices in the nation’s currency management.
Emefiele must be removed from office, according to the Coalition Against Corrupt Leaders in Nigeria (CACLN), a pro-democracy organization.
When protesters seized the Presidential Villa to oppose Emefiele’s retention as CBN governor, CACLN made the call.
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.
