Fly the Emefiele kite – By: Gambo Dori
Jhe name of Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) began to appear in the political firmament as a likely candidate for Nigeria’s presidency in February.
This coincided with the meeting of the 2022 Committee whose work caused something of an earthquake in the political discussion groups. The 2022 Committee is an amorphous group of prominent business people, former and former state governors, media, other political and civil society leaders who gathered in Lagos and were welcomed into the opulent Eko Hotel by Babajide Sanwa-Olu, the Governor of Lagos State.
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The group came together in a non-partisan retreat to, among other things, chart a new course for the country and chart a new consensus for a national renaissance which they believe should help pull the country back from the brink. .
Before the Lagos summit, the group would have had a meeting with the president and would have obtained his adhesion to this national project. The group pushing such an altruistic agenda were hailed across the country until the story spread that they were advocating for Emefiele’s emergence as a consensus presidential candidate. 2023 presidential election.
Of course, they quickly distanced themselves from these insinuations. A statement signed jointly by co-organizers, Kashim Ibrahim Imam and Nduka Obaigbena, finally put an end to these stories, disassociating the high-minded group from Emefiele’s presidential aspirations. The rumor turned out to be nothing more than a messy political kite exercise for those who started it.
The Emefiele kite string pullers, however, would not be discouraged. Soon, advertisements in the choice pages of the best-selling national newspapers began to flood the media space. The advertisements, while showcasing the immense attributes of the principal, still left the reader uncertain whether he was a potential contestant or not.
Someone who understands these shenanigans explained to me that these gadgets are only subterfuge. That you don’t spend that kind of money on advertising unless you have serious intentions of running for office.
The case, however, refused to go away. More and more sponsored ads appeared and in one of them, the CBN Governor reportedly answered a question about his political intent where he said he would not push for the position and that since it is God who anoints the leaders, he will leave his fate firmly in God’s hands. But it’s neither here nor there.
Emefiele should have come out to state clearly or not. Deploying masked men on what appears to be a blitzkrieg trail, chanting his name from this newspaper to this FM radio station, while he sits pretty tight on our common heritage is not the best way to campaign for the highest office in the country.
There is no doubt that the CBN Governor, Godwin Emefiele, has every right under the constitution to seek and run for any elected office to be filled. However, holding a nominative position and in particular that of the post of governor of the CBN requires Emefiele to keep a distance from the tumult of political engagements.
This is backed up by the law governing the business of the bank, CBN Act 2007, which states that: “The Governor and Deputy Governors shall devote their entire time to the service of the bank and, while in office, shall not s engage in any full or part-time activity or vocation, whether paid or unpaid, except for such personal or charitable causes as may be determined by the Commission and which do not conflict with or interfere with their duties full time “.
But anyone who had kept tabs on how overloaded CBN had become over the past few years would have seen that there was more to all those flagellated interventions. Suddenly, the CBN had taken responsibility for the government by improperly involving itself in funding everything from education, health, infrastructure, agriculture, etc., beyond the mandate of n’ any central bank in the world.
In my view, such a strange and unprecedented role is capable of undermining governance, breeding corruption and negating true fiscal federalism. As a result, the CBN has somehow gone off the rails and is unable to perform its statutory role of safeguarding the national currency, managing inflation and fostering genuine and inclusive economic development.
Under Efiele’s leadership, the CBN became a juggernaut, the most powerful and widespread independent government body. Someone told me that this kind of unfortunate situation was never experienced even in the last days of Zimbabwe under Mugabe.
The CBN Governor’s reported presidential aspiration is unprecedented and immoral. He should leave if he wishes to join the fray.
From my mailbag: a warm welcome to the new electoral law
“Giving assent to the election act by the President is a good and welcome commitment to cleaning up and strengthening electoral processes and practices. We observed what the bad eggs among the ad hoc and permanent staff of INEC did to manipulate the elections, with the help of the state apparatus, the power in place, the money and the brutality. Assent to the law is not enough, but its judicious, freest and fairest implementation in the interests of the nation, Nigerians and democracy. Comrade Abubakar Mr. Abubakar, Ningi, Bauchi State”