Why CBN Governor, Godwin Emefiele's Must Be SACKED Now...

Nigerians in Diaspora Monitoring Group, NDMG, has asked President Muhammadu Buhari to seek the approval of the Senate to...

Diaspora Group Demands Emefiele's Sack Over Poor Handling of Naira
Nigerians in Diaspora Monitoring Group, NDMG, has asked President Muhammadu Buhari to seek the approval of the Senate to immediately sack the Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele over what it termed long-running incompetence and deliberate sabotage of the country's economy through questionable monetary policies that ruined the naira.

It threatened to shut down Nigeria High Commission in London should Emefiele not be immediately removed as CBN governor while other chapters of the group have been contacted to take similar actions at the nation's various diplomatic missions.

NDMG said the problems caused by are so grave that he should have been fired immediately while the President retroactively seek Senate's backing but that the need to adhere to due process and the necessity of not spooking the economy were the only argument against such approach. 

A statement issued by the United Kingdom coordinator of the group, Engineer Adeka Oyinlo, noted that anyone with honour would have resigned as the apex banker without being prompted given the unprecedented free fall of the naira under Emefiele's watch.

The statement said similar to the employment scandal in which the apex bank boss illegally hired relations of those he wanted to please, the distress of the naira was worsened by steps that the CBN governor took to service the interests of his cronies in and out of government.

It argues that "We have seen Mr Emefiele converting the Central Bank into the personal bank of his business friends which he used to raise dollars for them to execute projects not just in Nigeria but also in other African countries without a thought for how this would affect the nation's economy.

"The CBN has also largely abdicated his and the bank's regulatory roles to the commercial banks under the Bankers' Committee, which has consequently created a situation where a clique takes decisions to the detriment of 180 million Nigerians so long as their bottom line is met.

"This perhaps explains why Emefiele's reactions to the troubled naira has been nothing short of knee jerking that has seen series of policy summersaults that occurred within days in some instances. Not only have the responses been inconsistent they also appeared to be targeted at making life miserable for the populace while strengthening the hands of the forex cabal.

"Round tripping and false declaration of forex application have continued unabated while Emefiele looks the other way as his buddies on the Bankers' Committee make killings on hourly basis. The CBN Governor's only intervention is to further compound the problem by removing those who stand in the way of his friends' profit.

"For the avoidance of doubt, Nigerians who have to seek medical treatment abroad are dying, not just because treatment has become more expensive in dollars-naira terms but also because they now face impossibly long delays in getting forex to commence treatment. Too many youths have also been forced to abort their education abroad and consequently shatter their dreams.

"These nightmarish scenario must end, which is why we are asking President Muhammadu Buhari to immediately approach the Senate to get the necessary backing for Mr Godwin Emefiele's removal as CBN Governor. Where Mr President does not immediately remove him we will mass at Nigeria's High Commission in the United Kingdom and ensure that the place remains on lockdown.

"We have fortunately secured the understanding of our chapters in other countries to take similar steps to drive home the message. Those of us in the Diaspora now bear untold burden because of the hardship trailing Mr Emefiele's poor handling of the naira, which we have been able to establish as a deliberate act of sabotage," the statement said.

COMMENTS

Name

2Face,1,9Mobile,1,Abia,11,ABU Zaria,3,Abubakar Tsav,2,Abuja,2,Abuja Traders,1,ACTOR,31,Actress,92,Adele,1,ADPA,1,Adultery,1,Africa,218,Airtel,1,Aisha Buhari,12,Akume,7,Akwa Ibom,1,Amazing,284,ambode,19,Amnesty,5,AMVCA,1,Anambra,13,Angela Okorie,1,Anna Banner,2,APC,115,appoinment,1,AREWA,3,Arsenal,2,Aruna Quadri,1,Aso Rock,1,ASUU,2,Atiku Abubakar,36,Audu Ogbe,2,Babangida,1,Bad Girl,15,Bad Girl RIRI,1,Bad Girls,2,Bad Guy,8,Bad Guys,7,Banks,5,Barack Obama,8,Bayelsa,7,BBA Naija,25,BBNAIJA,74,Beautiful Woman,93,Beautiful Women,30,Beauty Queen,40,Beauty Queens,4,Benson Abounu,5,Benue,1353,Benue Assembly,14,Benue breaking news,70,Benue gist,121,BENUE NEWS,235,Benue Pensioners,1,Benue Police,4,Benue Tax,5,Benue Wife,1,Beyonce,38,Biafra,69,Bill Gates,3,BIRS,2,Bishop Usuh,1,Bizarre,3,Blue Ivy,4,Boko Haram,87,Bola Tinubu,20,Book Lunch,1,breaki,4,breaking news,68,British prime minister,1,BSTH,1,BSU,9,bury,1,Business,448,Business man,52,Businesse,1,BusinessWoman,2,CAF,1,Cargo Airport,7,CBN,13,CBN Monetary policy,12,Celebrity,256,Celebrity News,721,Charity,7,Charity Foundation,5,Cheating Partner,2,Chibok Girls,24,Chimamanda Adichie,1,China,7,China Flood,1,Christians,1,Contract scam,6,Corpers,23,corr,1,Corrupt Nigerians,44,Corruption,180,Corruption Trial,190,Cossy Orjiafor,6,Crime,388,Crimes,282,Criminal,22,Criminals,63,Crisis,14,Cristiano Ronaldo,23,cultist,8,Culture,151,Customs,8,Cute Kids,1,Dambazau,1,Dangote,16,Dasukigate,3,David Mark,13,Desmond Elliot,1,Diaspora,1,Dino Melaye,84,Disabled,1,Disaster,5,Disaster.Accident,9,Discoveries,1,Doctors,1,Documents,2,Dogara,22,Domestic Violence,23,Donald Trump,97,Dora Akunyili,1,Drama Queen,1,Drug Abuse,12,Drunk,1,DSS,14,DSTV,2,Ebonyi,1,ECC,1,Edo,15,Edo Decide,13,Edo Polls,26,Education,299,efcc,76,Ekiti,6,Ekweremadu,8,El Rufai,3,El Rufai,48,El-Rufai,5,Elections,7,electrocuted,1,Emir Of Kano,19,Entertainment,2088,enugu,6,EPL,1,Etisalat,6,EVANS,2,Event,34,Events,364,Exchange Rate,21,Facebook,5,Fake Products,1,Fani kayode,33,Fashion,307,Fashola,2,Father Mbaka,14,Fayose,37,FBI,2,FEC,1,Federal Government,35,Fela,3,Female entrepreneur,2,FIFA President,4,FIRS,1,Flood,1,For Tiv,1,Forgery Suit,1,France,7,Fraud,135,Fraud Alert,30,Fulani vs Farmers crisis,61,Fulani vs Farmers crisis Metro,1,Fun,1,Funke Akindele,21,Gambia,1,Games,1,Gay Marriage,17,GEJ,45,Genevieve Nnaji,5,George Akume,10,Germany,1,Ghana,20,Gist,114,Glo Network,2,Godwin Emefiele,2,Goodluck Jonathan,37,Gospel,6,Gosple,4,Gossip,147,Gossips,2137,Governor Fayose,41,Governor Ikpeazu,3,Graphic Designs,6,guest house,1,Halloween,2,Health,58,Health Issues,120,Health Tips,22,HERO,2,Hilary Clinton,28,History,30,hiv,12,Hot Giat,1,Hot Gist,161,Hot Gossips,100,Hot Papi,2,HRM James Ayatse,9,Human Rights,2,IBB,13,Ibrahim Babangida,2,idoma,3,Idoma Day,2,IDP Camp,1,Igbana,1,Igbo,45,Igede Nation,3,Ikyebe,1,ILE IFE,3,Imo State,11,Incest,1,INEC,21,Infidelity,11,Ini Edo,1,Internet Abuse,1,Interview,1,Interviews,76,Islam,14,Ivanka Trump,5,JAMB,20,Jay Jay Okocha,3,Jay Z,11,Jega,1,Jenifer Lopez,2,Jibrin,18,Jide Kosoko,1,Jobs,40,Joe Biden,1,John Dumelo,2,Jokes,14,Jungle Justice,5,Kaduna,52,Kano State,13,Kanye West,5,Kardashian,13,Kardashians,57,Kenya,4,Kidnapper,33,Kidnappers,12,Kim Kardashian,40,Kogi,43,Kwara State,3,Lagos Monarch,8,lagos state,82,Lagos Varsity,4,Land dispute,1,Lassa Fever,2,Latest,10,Latest New,1324,Latest News,3601,Latest News National,1,Legend,29,Legendary,21,Libel Suit,1,Lifestyle,520,Linda Ikeji,11,Lindsay Lohan,2,Lord Terfa Jirgba,2,Louisiana Flood,1,Love,102,Love&Hate,4,Magic Johnson,4,Majid,1,Mariah Carey,19,Marriage,6,Maternty Photoshoot,1,Melanie Trump,3,Mercy Iyortyer,1,Merkel,1,MET Gala,2,Metro,31,Michael,1,Michael Jackson,4,Micheal Jackson,6,Michelle Obama,18,Middlebelt,1,Mikel Obi,17,Militants,12,Military,3,Millitants,4,Mimiko,8,mini,1,Minister,9,MMM,11,Model,12,Models,3,Monarch,1,Most beautiful girls in Nigeria,1,Mothers Day,1,Movies,32,Mr World,2,Mrs Aisha Buhari,47,Mrs Eunic Ortom,4,Mrs Eunice Ortom,4,Mrs Osinbajo,6,MTN,2,Murder,63,Music,140,N-power,6,NABTEB,1,Naira Exchange Rate,26,Nasarawa,3,NASS,15,Nass Scandal,33,National,3047,National Assembly,22,Natural Disasters,6,Navy,3,NBA,1,NCC,1,NFF,1,Ngozi Iweala,4,NIA,4,Nicki Minaj,2,Niger Delta,29,Nigerai,1,Nigeria,407,Nigeria News,790,Nigeria's Economy,20,Nigerian Army,39,Nigerian Banks,9,Nigerian Governors,7,Nigerian Job,7,Nigerian Jobs,118,Nigerian Judge,13,Nigerian Judges,3,Nigerian Lawmakers,18,Nigerian Lawyers,23,Nigerian News,66,Nigerian police,42,Nigerian Senate,155,Nigerian Soldiers,53,NIMC,1,NIS,1,NLC,3,NNPC,2,Nollywood,6,North,7,Notorious Armed Robber,5,Notorious Armed Robbers,2,Nuhu Ribadu,2,NYSC,21,OAU,2,OBA,2,Obanikoro,10,Obasanjo,45,Oge Okoye,2,Ogun,3,Olympics,1,Omotola Jalade,7,Ondo,7,Ondo Polls,40,Oodudua,1,Ooni Of Ife,8,Opinion,161,Opinions,10,Ortom,77,Osinbajo,94,Osun State,23,Overweight,1,Oyo,6,PanamaPaper,1,Pastor E.A. Adeboye,3,Pastor Tunde Bakari,2,Paul Unongo,4,Paul Unongu,2,PaulEnenche,1,PDP,135,PDP Crisis,48,Police Brutality,1,Police Recruitment,5,Politician,102,Politicians,300,Politics,2688,Politics Osinbajo,6,Politics PDP,7,Politics.,377,Politics. Interviews,228,Pope,7,Power Supply,2,Pre-wedding photo,6,Predictions,1,Premier League,1,president,2,President Buhari,444,President Trump,16,Press Release,17,Princess Diana,1,Professor Stephen Onah,1,Prophesy,2,Prophet,3,prophetic,1,QueeDoosh.com,1,Queen Elizabeth II,2,R Kelly,3,Racism,3,rap,7,Rape,5,Rapper,10,Relationship,324,Relationship Tips,18,Religion,293,Rihanna,1,Rio Olympic,5,Rita Dominic,2,Rivers,75,Robert Mugabe,5,Rochas Okorocha,14,Romance,52,Royals,11,Rusia,2,Russia,1,Samsung,1,Samuel Ortom,110,sanitation,1,Saraki,84,Sasha Obama,3,Saudi Arabia,2,Scam,5,Scandal,30,Science,5,Senate,63,Sex & Relationship,288,Sex &Relationship,2,Sex Crime,20,Sex Education,2,sex offender,10,Sexy Mama,20,Sheriff,12,Sira Kante,1,Skills,1,Social Media,11,South Africa,17,Sport,552,Sports,389,SSG,1,Stephen Kershi,1,Style,29,Sucide,9,Suicide,8,Supermodel,12,Suswam,35,Tambuwal,1,Tanzania,1,Taraba State,3,Technology,13,Terkimbi Ikyange,2,Terrorism,76,Terrorist,110,Terwase Akwaza,15,The Voice UK,1,Theft,27,TIV,27,Tiv Culture,13,Tiv Tradition,34,Tiwa Savage,19,Toe Tiv,1,Toke Makinwa,14,Tompolo,2,Tone Makinwa,1,Tony Elumelu,1,Tor Tiv,33,Tor Tiv Stool,25,Tragedy,258,Tragedy Boko Haram,4,Tribunal,1,Tsunami,1,Turkey,1,UEFA,6,Ugbokolo Polytechnic,2,UK,26,UK Parliament,5,UN,1,UNILAG,3,US Election,41,USA,6,Usain Bolt,8,Violence,34,Visa,2,WAEC,4,War of Words,13,Wedding,4,Weird News,5,Wike,24,Wole Soyinka,10,World,6,World News,1183,Writer,10,Writer Opinion,19,Writers Opinion,22,WWE,1,yahoo,1,Yemisi Suswam,2,Yoruba,17,Yusuf,1,Zahra,32,Zimbabwe,1,
ltr
item
Queen Doosh : Why CBN Governor, Godwin Emefiele's Must Be SACKED Now...
Why CBN Governor, Godwin Emefiele's Must Be SACKED Now...
https://1.bp.blogspot.com/-Re4ZNooFQ2o/WA2XKgMozVI/AAAAAAAAIOM/s9-HKTiEQA0bDXI-Z11pbIjcE3Nhk_6DQCLcB/s1600/emefiele44.jpg
https://1.bp.blogspot.com/-Re4ZNooFQ2o/WA2XKgMozVI/AAAAAAAAIOM/s9-HKTiEQA0bDXI-Z11pbIjcE3Nhk_6DQCLcB/s72-c/emefiele44.jpg
Queen Doosh
http://www.queendoosh.info/2016/10/why-cbn-governor-godwin-emefieles-must.html
http://www.queendoosh.info/
http://www.queendoosh.info/
http://www.queendoosh.info/2016/10/why-cbn-governor-godwin-emefieles-must.html
true
7858411382873119497
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy