Sunday, November 6, 2016

Recession Palava!! Reps Want Adeosun, Emefiele To Resign

A House of Representatives panel yesterday called on Nigerians to demand for the resignation of the minister of finance, Kemi Adeosun, and Central Bank of Nigeria (CBN) governor, Godwin Emefiele, for mismanaging the country’s economy.

Chairman of the ad-hoc committee set up to investigate the N700 billion bail-out funds given to some state governments by the federal government, Rep Sadiq Ibrahim (APC, Adamawa) made the call yesterday following failure of the duo to personally appear at the committee’s session.

The committee also called for the resignation of the Director General of the Debt Management Office (DMO), AbrahamNwankwo.

Adeosun did not send any representative, but Emefiele delegated an executive director in the apex bank, Umar Abubakar, to represent him, while the DG of DMO was represented by Oladele Afolabi. But the lawmakers rejected the representatives.

“The attitudes of these top government officials show who is mismanaging the economy of the country. Nigerians shouldrise up and call for their resignation immediately,” the lawmaker said.

The lawmaker added that “If it is to bring virement, they would rush down, but now that they are to come and explain to Nigerians how the bail-out fund running into over N700bn was disbursed, they are sending representatives; they are only interested in borrowing. This has to stop.

”Other members of the committee who spoke at the session lamented the absence of the trio, describing it as unacceptable in view of the quantum of money given out to states as bail-out.

The committee therefore directed the three officials to physically appear before it and provide all relevant documents on the bailout funds.
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