Naira Redesign: "Emefiele Will Frustrate Us", APC Gov Speaks on Doom for Party, Implication for 2023 Elections

• Governor Rotimi Akeredolu of Ondo state has called on the federal government to sack the CBN's boss, Godwin Emefiele
• Akeredolu made this call on Wednesday, February 15, when he spoke on the hardship caused by the apex bank's naira redesign policy
• The Ondo governor added that the policy is demarketing the APC ahead of the coming general elections

The governor of Ondo state, Rotimi Akeredolu, has claimed that the naira redesign policy of the Central Bank of Nigeria (CBN) is demarketing the All Progressives Congress (APC) in this election season.

Governor Akeredolu noted on Wednesday, February 15, that the fact hardship had been imposed on Nigerians due to the cash crunch, coupled with fuel scarcity, is not good for the APC.

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Akeredolu feels that the CBN's governor, Godwin Emefiele, who contested for the APC's presidential ticket but lost to Asiwaju Bola Ahmed Tinubu, will frustrate the ruling party.

He, therefore, called for Emefiele's sack, insisting that he is not fit for the office, The Cable reports.

His words:

“We have a problem we are facing in this country today. Our rating as a party is not that favourable. Let’s not deceive ourselves. Must it be now that we will have this financial policy?”

“How? Fuel and everything? Things are not easy. This policy is not right at this time. It should be reversed. Reserve it and tell CBN that we are reversing it. Let old and new notes co-exist.

“Okada, taxis, banks are not taking old notes again. There is an injunction and everyone is behaving like there is no injunction. We have said that this man (CBN Governor) should be removed when he contested to be president. The man is not fit for that position. A man who attempted to be president will frustrate us at this time.”

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Naira swap: Jubilation for Emefiele, Malami as court gives verdict on case against CBN’s redesign policy

The Federal High Court, Awka, had dismissed the suit by the Incorporated Trustees of African Initiative Against Abuse of Public Trust seeking to stop the Central Bank of Nigeria (CBN), its governor, Godwin Emefiele, and Attorney General of the Federation (AGF), Abubakar Malami.

The court dismissed the suit seeking to stop the CBN and their agents from taking further steps to enforce the implementation of the naira redesign policy.

According to the court ruling in the Certified True Copy of the enrolled order dated January 31, 2023, the parties asked that the suit be struck out by the trial judge, A. Nganjiwa, after considering the circumstances of the case and arguments.

Source: Legit.ng