Your Attempt to Demonise Emefiele will not Cleanse Your Corruption Baggage – Middle belt Youths tell Akpabio

Middle belt Youths Forum (MBYF) has taken a swipe at the President of the Senate, Godswill Akpabio over his comment against former governor of Central Bank of Nigeria, CBN Godwin Emefiele. Akpabio had at the weekend again accused Godwin Emefiele, the embattled former governor of the Central Bank of Nigeria (CBN), of leaving behind a […]

Middle belt Youths Forum (MBYF) has taken a swipe at the President of the Senate, Godswill Akpabio over his comment against former governor of Central Bank of Nigeria, CBN Godwin Emefiele.

Akpabio had at the weekend again accused Godwin Emefiele, the embattled former governor of the Central Bank of Nigeria (CBN), of leaving behind a “foamy economy”.

While urging Nigerians to be patient with President Bola Tinubu’s administration, Akpabio alleged that Emefiele “left a very big hole in the national treasury”.

Reacting, the middle belt Youth in a statement by the director of strategy Caleb Pwok told the Senate President that demonizing Emefiele will not cleanse him of his corruption baggage.

The youth group extolled Emefiele, saying that he defended the Naira very well while at the helm of affairs of the apex bank.

The group noted that the Senate President, who has been summoned by EFCC severally for interrogation over an investigation concerning corruption allegations against him, is just making utterances against Emefiele to gain favour of President Bola Tinubu.

This according to them will avert the hammer of the Economic and Financial Crimes Commission (EFCC) dangling on his head.

According to group, the former CBN Governor had at a time explained that “As a result of our demand management policy, the naira has remained largely stable at the I & E window, particularly since the discontinuation of FX allocation to Bureau De Change operators along with the convergence between the CBN and NAFEX rates.”

They said: “Following these policies implementation particularly the stoppage of FX allocation to Bureau De Change operators, the naira maintained relative stability since 2021, according to the CBN, at N411.50/US$ in August but declined to N414.33/US$ in December. The currency rate was N416.98/US$ in February 2022. For a long time, the CBN has used a controlled float exchange rate regime.”

They added that with the above statement, the Senate President needs no further proof with the current policies and the CBN and exchange rate under the government which Akpabio is an integral part, that he is the one that created a foaming economy.