Missing N500bn allegation: Don't confirm Emefiele, Frank urges Senate

Missing N500bn allegation: Don't confirm Emefiele, Frank urges Senate

- The Senate has been asked by Timi Frank to withhold the confirmation of Godwin Emefiele's second term as CBN govenor

- The former APC chieftain said that the CBN governor must first explain how N500 billion disappeared under his watch

- Frank also asked the EFCC to look into the matter and that his nomination must be withdrawn by President Buhari

Timi Frank, a political activist and former deputy national publicity secretary of the All Progressives Congress (APC), has asked the Senate to hold the confirmation of Godwin Emefiele for second term as the governor of Central Bank of Nigeria.

According to the press release made available to Legit.ng, the political activist said the reason is that the CBN governor has some explanations to do over the leaked audio exposing the missing N500 billion under his administration.

Frank said that it would be very bad for the nation if Emefiele confirmation goes through without the public knowing how such big amount of money went missing.

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“Emefiele must come clean on this audio as well as other issues as it bothers on alleged corrupt practices under his watch. I am happy with the dispatch with which the CBN responded to the leaked audio conversation.

“However, I did not expect anything less than the denial. It is trite that ‘one can not be a judge in his own case’. Therefore, Let the relevant agencies of government as well as the National Assembly investigate these allegations with great in-depth.

“If the CBN is saying the beginning part of the conversation was omitted, can they provide Nigerians with the full and authentic audio conversation in the interest of transparency and good governance,” he said.

He also added that in as much as Emefiele is a public servant, he needs to explain the whereabouts of the disappeared money, while also asking the Economic and Financial Crimes Commission (EFCC) to investigate the matter.

"I also call on the EFCC to quickly act on these revelations as they have done in the case of Saraki, the president of the Senate by inviting Emefiele to explain his role in the leaked audio as well as other allegations against him that are now in public domain. If all these figures and amount is confirmed, it will be the mother of all corruption in recent times.

“I implore the EFCC to approach this particular case the same way they are approaching Saraki’s case. Where properties that were subject of litigation up to the Supreme Court level (where Saraki was discharged and acquitted) are being investigated all over again,” he said.

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He also called on President Muhammadu Buhari to withdraw the nomination of the CBN governor so that a thorough investigation can be done.

Recall that Legit.ng earlier reported that Buhari nominated Emefiele for a second term as governor of CBN.

Senate president Saraki also confirmed receiving the letter for the renewal Emefiele's tenure from President Buhari.

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Source: Legit

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