UPAN Urges FG To Constitute A National Inventory Commission On The CBN Cash Crunch Disaster – Still Ravaging The Economy Till Date

UPAN Urges FG To Constitute A National Inventory Commission On The CBN Cash Crunch Disaster – Still Ravaging The Economy Till Date

While welcoming President Tinubu’s suspension of Godwin Emefiele as Nigeria apex bank Governor, we respectfully urge President Tinubu to constitute a national inquiry to extrapolate the dire impacts of the CBN cash crunch management disaster. Nigerians desire an inquiry that is patterned after the United States of America 9/11 commission – so, across the 36 states and FCT, Nigerians will share variable accounts of the killing spree policy on our economy by the CBN Governor. Small, medium and large scale sectors witnessed a tormentous effect of the heartless project management disaster. It is certainly not a punitive venture to embark on such a wholesale fact finding exercise, at least, it will help the current management of the CBN to be mindful of conceptualizing pseudo partisan political strategy in the guise of a monetary policy management template. In our view, the so-called new Naira notes printing was a fraud, and the timing of the fierce implementation, at a time the DSS was seeking to charge him for terrorism financing raises more questions than answers.

It is ertinent to ascertain as a matter of urgency for the federal government to unravel the can of worms and pure administrative failure that almost put our dear nation into chaos or ruin. Even at this moment with the palliatives and interventionist efforts of government and the law the people are still faced with pockets of the stench of the ignominious policy by the CBN. It is good as a nation to put out the records for ease of reference and for posterity so as to nip in the bud any future occurrence of such disastrous policies.

President Tinubu has by the sack of Godwin Emefiele demonstrated a prolific understanding of macroeconomics intelligence. We urge Mr. President to dispassionately consider our appeal for the setting up a holistic inquiry into Godwin Emefiele’s project management disaster, especially, the consequential loss by most Nigerians.

Amb. Aiyamenkhue Edokpolo,
National Facilitator,
United Patriots Assembly of Nigeria UPAN