Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has been nominated for another five-year tenure by President Muhammadu Buhari.
But a ‘spoiler’, in the name of Dr. George Uboh, has emerged making grave allegations against the banker.
In a letter to the Senate President, Bukola Saraki dated May 8th, 2019, Buhari said that the reappointment followed the expiration of Emefiele’s first tenure.
The letter read on the floor of the Senate by Saraki on Wednesday goes thus: “In view of the expiration of the first tenure of the current Governor of the Central Bank of Nigeria on June 2, 2019, and pursuant to the provisions of Section 8 (1) and (2) of the Central Bank of Nigeria Act 2007, I hereby present for confirmation by the Senate Mr. Godwin I. Emefiele for re-appointment as Governor of the Central Bank of Nigeria for a final term of five (5) years.
“It is my hope that the Distinguished Senate will consider and confirm the nominee in the usual expeditious manner.
“Please accept, Mr. Senate President, the assurances of my highest consideration.”
The letter comes as a renowned whistle-blower began a campaign to stop Emefiele, issuing a statement that contained damining allegations against the country’s number one banker.
It is believed that the allegations are intended to initiate action in the Upper Chamber of the National Assembly, but with just less than four weeks available to the senior lawmakers, insiders say the allegations “will go nowhere”.
In his allegations through a press release, Dr. George Uboh wrote:
“Calling on Nigerians on the homeland and in the Diaspora to ask Emefiele to account for and return $2.5 Billion USD to Treasury Single Account in line with President Buhari’s TSA policy rolled out in 2015, and security agencies to arrest Emefiele within 72 hrs:
“On Wednesday, April 3, 2019, I, Dr. George Uboh, the undersigned, in my capacity as Chairman George Uboh Whistleblowers Network (hereinafter GUWN), wrote Godwin Emefiele a letter with reference no. GUWN/CBNEMEFIELE/030419/01, captioned: “REQUEST TO REMIT OVER $2,564,000,000 FEDERAL GOVERNMENT FUNDS MISSING UNDER YOUR WATCH TO TSA”
“In the above referenced and captioned letter supported with over 100 pages
of documents, I posited:
“We are a Non-Governmental and Civil Society Organization interested in the
way and manner Federal Government funds are being expended at MDAs
pursuant to the Fiscal Responsibility Act, 2007, and in the interest of the public and whistleblowers within and beyond the CBN who have furnished us information germane to the CBN. Below please find a synopsis of funds missing under your watch supported with 3 attachments:
1) that in 2017 alone, the CBN under your watch under-declared and underremitted $760,000,000:00 USD exchange gains which accrued from BDCs to Federation account through Lagos, Kano, Abuja and Awka.
Please see attached;
2) That the CBN under your watch conspired with NNPC to divert $24,263,008.56 USD in 2015 expected to be shared through FAAC in January 2016 to the three tiers of government; and,
3) That the CBN under your watch in collusion with NNPC denied the three
tiers of government revenue from crude oil and gas from May 2015 to June 2016 (14 months), but diverted over $1.78 billion USD through fake accounts. Please see attached.
‘”The aggregate of the above funds missing under your watch in a fraudulent
manner is over $2,564,000,000 USD.” I asked Emefiele to remit the funds to
TSA in 7 days.
“Due to Emefiele’s refusal to deny or respond to the allegations, on Monday,
May 6, 2019, I felt compelled to grant a press conference to TV, Print, Radio
and online media houses during which time the supporting 100-page
documents/exhibits were shown to the media houses, while a 7-page synopsis
of the above trio of alleged fraudulent charges were given to the media houses.
“Again, since the May 6, 2019 press conference, Emefiele has kept mute on my allegations that $2.5 Billion USD was missing under his watch thus Emefiele
has acquiesced or conceded to my allegations. In the face of the foregoing, I
call on all Nigerians on the homeland and in the Diaspora whose funds are kept
in trust at the Central Bank of Nigeria (CBN), to jointly and severally ask
Emefiele to account for the $2.5 Billion USD at bar and compel him to return
the $2.5 Billion USD to the Treasury Single Account (TSA) in line with President Buhar’s TSA policy rolled out in late 2015.
“Any Nigerian anywhere in the world who reads the entirety of this press release, sights the caption of this press release or hears of this press release through people who have read this press release and refuses to call on Emefiele to account for and/or return the $2.5 Billion USD to TSA is part of this hydra headed monster called corruption plaguing our dear country Nigeria.
“A man holding the hallowed and revered position of CBN governor who should
enforce the President’s TSA policy, who should strive to increase the funds
that go into FAAC (shared by the three tiers of government monthly), is the
same person diverting TSA/FAAC-bound funds. With such leaders and office
holders in Nigeria, do we conclude that Nigeria is indeed cursed with bad
leaders or cursed with the masses who cannot and have not been able to drag
looters through the mud to account for looted funds. I call on all security
agencies in Nigeria to, in a joint effort, arrest Emefiele within 72 hrs….”