By ABUBAKAR YUNUS,Abuja
The Coalition of Northern Group,CNG has called for for the immediate unconditional resignation of Emefiele from the position of the Governor of Central Bank of Nigeria and an unreserved apology to Nigerians.
This is as the group also call on the National Assembly in the alternative to initiate the immediate process of removing Emefiele from the position of the Governor of Central Bank of Nigeria, order for his probe and consequent prosecution.
CNG Spokesperson ,Abdul-Azeez Suleiman made the call during press briefing yesterday in Abuja.
He said we strongly and unequivocally back the National Assembly’s resolve to compel Emefiele to suspend the implementation of this policy and hold him to account for his roles in causing the dwindling value of the Naira, rising inflation, oil theft, ballooning foreign debt, and getting millions of Nigerians into poverty realm.
He said the group embark on the mobilization of Northerners for a massive protest to resist the attempt by Emefiele or any other authority to place more misery on Nigerians at a time when businesses are groaning under the burden created by not-well-thought-out Government policies.
Speaking further, he said the CNG is resolved to taking further necessary actions to stop Emefiele and the CBN from going ahead with the implementation of this and other manifestations of inconsistencies and misalignments between the fiscal and monetary policies of the Government.
This is because it is embarrassing that the CBN has been making announcements without any regard to the constitution and other relevant laws on the national economy and complete defiance of the Money laundering Act.
According to him ,Section 2 of the Money Laundering Act, 2022 for instance, provides as follows: “2. (1) No person or body corporate shall, except in a transaction through a financial institution, make or accept cash payment of a sum exceeding (a) N5,000,000 or its equivalent, in the case of an individual or (b) N10,000,000 or its equivalent, in the case of a body corporate.
“(2) A person shall not conduct two or more transactions separately with one or more financial institutions or designated non-financial businesses and professions with intent to (a) avoid the duty to report a transaction which should be reported under this Act and (b) breach the duty to disclose information under this act by any other means.”
He said the action by the CBN amounts to a brutal violation of the fundamental right to property under Section 44 (1) of the 1999 Constitution of the Federal Republic of Nigeria (as amended).
“We therefore hold the draconian decision by Emefiele unacceptable as it is in clear breach non-negotiable fundamental right of Nigerians that cannot be derogated from under Section 45 of the Constitution; and to that extent, absolute.
