Coalition of CSOs Calls For Resignation of CBN Governor Over Rising Poverty, Insecurity

Coalition of CSOs Calls For Resignation of CBN Governor Over Rising Poverty, Insecurity

A coalition of thirty five civil society organization has called on the Nigeria’s Central Bank Governor (CBN), Godwin Emefiele to tender his resignation over rising poverty and insecurity in the country.

In a statement Thursday signed by heads of the organization and sent to Arewa Agenda, the group says it made the call following a careful review of Mr. Emefiele’s tenure as head of Nigeria’s bank of banks.

Full Text:

The Nigeria Citizens Action Group (NCAG), a coalition of Thirty Five (35) Civil Society Organisations is constraint to lend its voice with that of numerous other concerned Nigerians that have been calling on Mr Godwin Emefiele, the Nigeria’s Central Bank Governor (CBN) to resign with immediate effect to save the country from total collapse, which is imminent.

This call became necessary following the extensive review of the the tenure of the Mr Godwin as the head of our nation’s Apex Bank, which we have come to the sad conclusion that he should humbly step aside and allow a more competent person to step in, to save our country from total collapse. We understand that it will be difficult for him and his hangers on to reason with us, but we wish to beg on them to put on their garment of patriotism and save our country.

If fellow Nigerians have not forgotten:

It was during the formative stage of the first tenure of Mr Godwin that monies meant for the procurement of arms to fight Boko Haram terrorists and budding bandits in other parts of the Country were converted to Campaign funds and some given to “prayer warriors”. Many prominent Nigerians are facing trials for benefitting from that bazaar, we wonder why Mr Emefiele is still enjoying total freedom till date?

When Mr Adedoyin Salami, a member of the Country’s monetary policy in 2017 cautioned the CBN Governor against the excessive funding of the Federal Government which was Twenty fold higher than approved Threshhold, he refused to take correction. Many sound Economists described the Mr Emefiele’s Monetary Policy as “reckless and illegal” which will set the Nigeria economy for a “Big Fall”. Indeed! The Big Fall is here, $1 is currently equivalent to over $545.

The Group noted that the CBN acted in error and guided by Copy and Paste policy when its included food stuff in import prohibition lists despite having the fore knowledge that we largely depend of subsistence farming which was under serious threat by bandits, terrorists and farmers/herders crisis in various part of the country. Currently, Nigerians have been thrown to a state of acute hunger, which is contributing to the rising insecurity in the country.

The Group further stressed that the CBN under the watch of its incumbent Governor claimed to have reeled out several interventions running into Trillions of Naira whose impact can only be felt on papers not in real life. Many of the failed and corruption challenged programs of the CBN is not limited to Anchor-Borrowers program; AGSMEIS etc

Just recently, United Arab Emirates government arrested, convicted and blacklisted some Bureau de Change Operators of Nigerian Origin who have been fingered in financing terrorism globally. The monies have been passing through the ineffective eyes of the CBN unnoticed into the hands of terrorists. It took the intervention of foreign government to block such channel, as the CBN under Mr Godwin is more concerned with frivolities rather than general well-being of the country.

It is on the strength of the above that the coalition wish to call on:
1) The Central Bank Governor of Nigeria to resign with immediate effect to allow independent and hitch free to probe his tenure.

2) Federal Government to delist Rice and some food materials from import prohibition items. This will help to reduce the prices of food that is beyond the reach of common Nigerians.

3) Anti-graft agencies to arrest Mr Emefiele with immediate to ascertain the level of his involvement in the arms procurement scandal and other programs that failed under his watch due to growing corruption.


Comrade Isah Abubakar
The Nigeria Citizens Action Group (NCAG)

Comrade Abdulsalam Mohd Kazeem
Unified Nigerian Youth forum

Mallam Ibrahim bature
Concern Northern forum

Comrade Emmanuel Gabriel
Igbo unity forum of Nigeria

Ochekwu Morgan
Federation of Idoma Youths

Henry Njoku
Igbo Youth Assembly

Agbateyinero weyinm

President, Itsekiri National Youth Council


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