The Peoples Democratic Party (PDP) demands the immediate resignation and prosecution of the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, going by allegations by the All Progressives Congress (APC) that he superintended over massive looting of funds in the CBN.

The PDP made the call in a statement signed by its National Publicity Secretary, Kola Ologbondiyan and made available to newsmen on Thursday.

“Our party calls on the Economic and Financial Crimes Commission (EFCC) to immediately invite Emefiele for questioning over allegations by the National Secretary of the illegal APC National Caretaker Committee, Senator John Akpan Udoedehe, that the CBN governor supervised over the pillaging of the nation’s vaults under his watch.

“Nigerians were shocked when Senator Akpan Udoedehe, on Channels TV programme “Politics Today” of Wednesday, September 15, 2021, revealed that the CBN governor supervised over the stealing of money in the apex bank, a development for which he must be investigated by the EFCC and if found wanting, prosecuted,” the statement reads.

It further stated that the party waited for a week for Senator Akpan Udoedehe to recant on his statement or for Emefiele to repudiate the APC National Secretary.

“Our party insists that beyond Akpan Udoedehe’s allegation, the tenure of Emefiele as CBN governor under the APC administration has witnessed colossal failures of monetary and fiscal policies, requiring him to vacate the office and hand himself over for investigation.

“It is instructive to note that when Emefiele took office as CBN Governor in 2014 the naira exchanged for N164 to a dollar. Today, in the hands of Emefiele and the APC, the naira has tumbled to near N600 to a dollar, putting the nation’s economy on its knees.

“Painfully, under the leadership of Emefiele, the CBN has failed in its core mandate of managing the economy and took a dive into propaganda, with claims that do not reflect the harsh economic reality on the ground.”

The PDP therefore urges the EFCC not to allow this revelation to be swept under the carpet as it borders on serious economic sabotage which sanctions are clearly spelt out under our laws.