Monday, 11 January 2016

Pastor Bakare calls on EFCC to probe CBN Governor

Pastor Tunde Bakare, 61, a fierce preacher and General Overseer of  the Latter Day Rain Assembly, Lagos known for consistently contributing his opinion to topical issues and who was the running mate to the now President of Nigeria, Muhammadu Buhari in the 2011 presidential elections under the banner of the Congress for Progressive Change (CPC), has called for the prosecution of the Central Bank of Nigeria (CBN) governor, Godwin Emiefiele, because of the role of CBN in the widely publicised arms deal saga..

He preached: “The government must examine carefully, the argument of economists, that sound monetary policy including proper management of the exchange rate regime by the CBN would eliminate the need for subsidies.

“The intricate connection between monetary policy on the one hand and the fuel subsidy debate on the other, makes the management of the CBN a major concern.

“To the discerning, the CBN currently contributes negatively to the Nigerian state in more ways than one. Firstly, the CBN has become a conduit for politicians to drain the nation.

“Otherwise, how can a letter of barely two paragraphs addressed to the current CBN Governor, Mr. Godwin Emefiele, by the then National Security Adviser (NSA), Col. Sambo Dasuki (rtd.) , become the Authority to Incur Expenditure (AIE) leading to cash flow of $47 million (US dollars) and several millions of euros? “In decent climes, the CBN Governor cannot continue in office while the NSA is accounting for his alleged misdeeds.”

Hmmm. Should this CBN Governor be bothered about his Job and where he might in a couple of hours?

Just saying.

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