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Home»Business/Economy/Banking & Finance»Currency swap: Group urges CBN Governor to resign, or…
Business/Economy/Banking & Finance

Currency swap: Group urges CBN Governor to resign, or…

Abdallah el-KurebeBy Abdallah el-KurebeFebruary 3, 2023Updated:February 4, 2023No Comments2 Mins Read
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ASHENEWS reports that a group of Concerned Citizens of Sokoto State (CCSS) has called on Mr. Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), to resign within 72 hours or face legal action.

The group made the call in a letter dated February 2, 2023, signed by its national coordinator, Abubakar Abdullahi, and obtained by ASHENEWS on Friday.

According to the letter, the group took the decision after reviewing the whole episode of Emefiele’s meeting with members of the House of Representatives in Abuja.

“Our reason for coming to this conclusion is when a member of the Assembly committee referred you to Section 20 of the CBN Act.

“You admitted that the Act exists. Which means you might not know about the Act until your attention was called.

“So, if that’s the case, it means you are not suppose to lead an institution which rules and regulations you are not conversant with,”  the letter reads.

The group faulted Emefiele’s stance after failing to acquaint himself with the full provisions of the CBN Act, and if he did, deliberately failed to draw the attention of President Muhammadu Buhari and the public.

If he knew, the group posited, then it “is an act of sabotage to the leaders and citizens.”

CBN governor Concerned Citizens of Sokoto State Currency swap
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