CBN Failed: Pastor Bakare calls for arrest of CBN Governor Godwin  Emefiele

pastor tunde bakare called for arrest of CBN governor Emefiele2
Pastor Tunde Bakare

Tunde Bakare on Arrest of CBN Governor

Pastor Tunde Bakare is the founder and general overseer of The Latter Rain Assembly church  in Lagos who has always been  involved in airing his opinion on topical political issues in Nigeria and this time,  he has called for the arrest and trial of the CBN governor , Godwin Emefiele in connection with the ongoing Dasuki saga.

He said this in state of the nation address which he titled: ”Roadmap to successful change”.

Sambo Dasuki , the former National Security Adviser to Former President Goodluck Jonathan, is standing trial for alleged squandering of over $2.1 billion meant for purchase of arms to fight the insurgents in the north east.

The investigation so far has torched so many highly placed men across the country.

The Cable reported that Bakare said the central Bank management contributed to the economic woes bedeviling the country today. Had the Governor handled the affairs properly, the misappropriation alleged about the former NAS wouldn’t have been possible.

When ask if the CBN governor’s job was on the line and this is what he had to say  “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.

CBN governor Godwin Emefiele
CBN governor Godwin Emefiele

“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.”

Pastor Tunde Bakare contested the 2011 presidential election as the running mate to Mohammdu Buhari under the platform of  Congress for Progressive Change (CPC).

Many have supported his call demanding that the CBN Governor Godwin Emefielie should be called to explain certain issues concerning the alleged misappropriation investigation as he released the monies in question.

However, there are opposing views that  the governor’s duty was to  release funds based on the approval by the appropriate authorities.

Bakare talked on several other  vital national issues  Read full note here


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