Guard Change at CBN..PDP warns against Tyranny

This evening a breaking story emanating from the Presidential Villa nominating a new CBN governor and four Deputies via a press statement was released. While it is not within my purview to censure the actions of Mr. President as regards his rights to appoint whosoever he wishes I however as a citizen have a right to express a grave concern over the proprietary or otherwise of these appointments. The CBN Governor enjoys statutory protection.

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Both the CBN Act 2007, CBN Amendment Decree 1998, and the 1999 constitution are clear and unambiguous as to the appointment and removal of the CBN governor. For clarity, I reproduce section 11 of the CBN act as a precursor to this argument. Disqualification 11. (1) A person shall not remain a Governor, Deputy Governor, or Director if (A ) he is removed by the President: Provided that the removal of the Governor shall be supported by a two-thirds majority of the Senate praying that he be so removed. Emefiele is yet to be removed as provided for in our extant laws and the Deputy Governors were unilaterally removed without recourse to the National Assembly. When GEJ suspended SLS as the CBN Governor it was on the recommendation of the Financial Reporting Council of Nigeria, He remained suspended until his tenure elapsed. A lady deputy Governor acted in such a capacity until the coming of Emefiele. Has the law changed to allow the President to remove them without recourse to the Senate or what is happening?


Umar Sani..spokesman PDP Presidential Campaign council 2019

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