Lawyers Demand CBN Governor’s Immediate Sack


Lawyers under the aegis of Arewa Young Lawyers Forum (AYLF) have called for the immediate sack of the Central Bank of Nigeria (CBN) governor, Godwin Emefiele over his “lackadaisical style of management”.

In a statement released to journalists by the AYLF President, Barrister Abubakar Sadiq Ilelah, the Forum allege that things have continued to fall apart in the country since the appointment of Emefiele as the head of the apex bank.

They therefore called on President Muhammadu Buhari to disengage Godwin Emefiele within 14 days, as failure by the government to comply will lead to further actions by the Forum. Hear them;

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“Mr. Emefiele is rated low in the performance index compared to his predecessors. He has drastically failed in promoting monetary policies to stem the continuous free fall of the Naira, halt the rising debt profile of Nigeria and poor management of the country’s foreign exchange.

“Against this background, we are hereby giving President Buhari 14 days ultimatum to take action that will save the Nigerian economy by disengaging and removing Mr. Emefiele as the governor of CBN.”

Nation's Economy

Last month, the CBN Governor suggested that government imposes a telecoms tax for phone call conversations above 3 minutes as a means of providing an alternative to source of revenue for the government and also suggested the introduction of a tax on properties.

Emefiele said this at the annual Bankers Committee Dinner where he was a keynote speaker. He suggested that government introduces a negligible telecom surcharge to be entirely borne by the initiator of a call, which could be structured to only take effect after the third minute of talk, in order to protect the poor and vulnerable.

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This surcharge will mainly be borne by middle and upper-class people. He added that some analyses have indicated that government could earn about N100 billion per annum from this alone.