Naira Redesign: Emefiele Should Resign – Basorun

Second Republic Secretary to Lagos State Government (SSG) Olorunfunmi Basorun yesterday asked Central Bank of Nigeria (CBN) Governor Godwin Emefiele to resign for taking Nigeria for a ride.

He said the CBN policy of currency swap had crippled commercial activities and unleashed further hardship on Nigerians.
Basorun, who retired as CBN deputy director, said in a statement that if the oppressive directive was not withdrawn in the next 48 hours, people might rise and compel the government to reverse it.
His statement is titled: ‘Nigeria is making a dangerous history by the grace of almighty Emefiele, Governor of Central Bank of Nigeria (CBN)’.

It said: “Today at 10am, I was at the Ayangbure Street, Ikorodu branch of Guaranty Trust Bank (GTB) to withdraw cash for payment of my workers’ salaries at Romo Nigeria Co. Ltd and my church, Gospel Church of C&S.
“On presentation of the Romo cheque, the most senior officer at the branch told me there was no cash. I went down to the ATM section where over 50 people crowded the hall. I was told the ATM was not dispensing cash, either old or new.
“I just read online a directive from the CBN governor that banks should pay a maximum of N20,000.00 to customers on presentation of teller.
“It is clear that the CBN governor is making a dangerous and destructive history for Nigeria. Since CBN was established in 1959, and I was a foundation worker, no CBN governor has taken Nigeria for a ride as Emefiele. The multiplier effect of his rather evil directive is to close down all businesses in Nigeria and further add to the hardship Nigerians are experiencing in recent times.

“I make bold to say that unless this oppressive directive is withdrawn within the next 48 hours, the masses will have no choice but to rise and compel the government to take positive action to reverse it.
“I sincerely call on Emefiele to voluntarily resign now or face the wrath of the Nigerian masses. Enough is enough.”