SAN FRANCISCO, May 15, (THEWILL) – The confirmation of the Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, for a second term in office Wednesday received the full support of all the members of the senate committee on banking, insurance and other financial institutions.
Emefiele has been under orchestrated attacks in the social media by fifth columnists and cartels, who are opposed to his Agricultural and Industrial revolution policies.
The committee’s Chairman, Senator Rafiu Adeebayo Ibrahim described the allegations of N500 billion theft in the CBN as false and mischievous saying it was orchestrated to bring down a good person. “You, Emefiele are a good person. We will not let them bring you down. Now, we know the reason why there are some videos on social media because in Nigeria, once you are a good person, some people will always try to bring you down. We will expeditiously take a report to the chamber for consideration. You can take a bow,” he said.
Emefiele had in his presentation revealed that the pathetic situation of the Nigerian economy makes him cry each time he travelled abroad and saw developments overseas.
“Distinguished Chairman of the Committee and members, I must tell you that each time I travel abroad and see developments there and remember my own country, I weep.
“Some of the Asian tigers that we started together have developed past Nigeria.”
He however, vowed to implement the CBN’s policies to the latter in his second tenure, stating that the apex bank would sanction those who breach the laws irrespective of their status in the society.
Emefiele said Nigeria has workable policies but “implementation has been neglected because we see sabotaged activities.”
“CBN will ensure that those who seek to undermine the policies of Nigeria will be brought to book. Pray for us because the road ahead is tough.
“We have started looking at Palm oil. The price of a barrel of palm oil is more than a barrel of crude oil. We will grow that market again. After palm oil, we will focus on cocoa in the south-west,” he said.
In a well-attended screening committee sitting, senators took turns to commend him over reforms he carried out during his first tenure.
Emefiele is expected to be formally approved next when the committee formally presents its report.