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PDP Governors Warn CBN Against Partisanship Over Bailout Funds

By Azimazi Momoh Jimoh,   |   07 November 2015   |   12:32 am  
EMEFIELE-G

Godwin Emefiele, CBN Governor

THE Peoples Democratic Party (PDP) Governors Forum has advised the Central Bank of Nigeria (CBN) against becoming a tool in the hands of the ruling All Progressives Congress (APC) in the release of bailout funds to states that deserve them.

The advice is coming on the heels of the failure of the apex bank in releasing the bailout fund for Kogi State, while other states mostly of the APC states have received theirs.

In a press statement in Abuja yesterday, Earl Osaro Onaiwu, coordinator of the PDP Governors Forum, accused the CBN of having allowed itself to be dictated to by the ruling APC on which states get the bailout fund, despite Kogi having fulfilled all the requirements.

Osaro urged the CBN to insulate itself from politics and the control of the ruling party if it does not want to create political and financial crises in the country. “How come almost all APC states that applied for bailout have gotten theirs but states like Kogi that have fulfilled all the requirements have been denied theirs with no explanation from the CBN?

The CBN governor, Mr. Emefiele, has to insulate the apex bank from the shenanigans of politicians to avoid serious political and economic dislocation in the country.
“It is important and urgent that the CBN releases the N50 billion bailout due Kogi to ease the suffering of the common people in the state,” Osaro stated.

Also yesterday, the PDP leadership declared that it was taking serious steps to rebuild ‎and achieve a generational change for the party.

Inaugurating a planning committee for its national stakeholders’ conference slated for next Thursday in Abuja, the party’s leadership said its plan was to rebrand, refocus and make the party more vibrant.

The 53-member committee to organise the conference, has owner of DAAR Communication, Raymond Dokpesi, as chairman.
‎ Speaking during the inauguration of the committee at the party’s national secretariat in Abuja, the Acting National Chairman, Uche Secondus said the move has become necessary, as the events of the last six months of the APC administration had indicated that the gains of democracy achieved by his party are seriously under threat.



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