PRESS RELEASE: N500BN Deal: CWAI Drags Emefiele To Court, Insists Confirmation Illegal

After a critical analysis, observations and speedy tacit endorsement given by the Senate in confirming the Central Bank of Nigeria (CBN) Governor Mr Godwin Emefiele, the Citizens Watch Advocacy Initiative (CWAI) has come to the stark realization and conclusion that Nigeria is not ready to either reap or join the comity of nations.

CWAI reasons that the Nigerian Senate, by this singular act of confirming Emefiele for a second term, has failed Nigerians. This was done irrespective of the clarion call by Nigerians that justice must be done, due process and rule of law must be followed in order to get to the root of the alleged infractions.

CWAI has decided to take up the gauntlet from those corrupt few “who have held us by the jugular as hostage in our own country to seek redress in the re-appointment and subsequent speedy confirmation of Mr Emefiele, whose tenure as governor has witnessed a tumultuous event of alleged financial infractions and the nose-diving of the economy since he assumed duties as the head of the apex bank.

In a press release signed by the Executive Secretary of CWAI, Omoba Kenneth Aigbegbele, and Head Media Relations, Comrade James Okoronkwo, the organization said Nigeria is operating a democratically elected government and, as such, it should be seen in all aspects of the nation. CWAI therefore reasons that Mr Emefiele must not continue to remain in that office after so many years of alleged cases of misconduct and infractions as if we are still in a military regime, knowing fully well that we have capable Nigerians who can occupy the seat out of the over 200 million Nigerians.

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