Nigeria’s Central Bank Governor, Emefiele Bribes, Silences National Assembly Members With Bureau de Change Licences
Godwin Emefiele, the Governor of the Central Bank of Nigeria, is currently currying favor with the National Assembly’s upper echelon by granting them Bureau de Change licenses.
According to SaharaReporters, Emefiele granted the licenses to key and vociferous members of the National Assembly so that they could take a break from the numerous investigations into CBN infractions and misappropriations.
According to SaharaReporters, some politicians used third-party firms to secure CBN licenses, while others who lacked the required financial deposits were helped by the CBN governor to obtain government loans.
Top sources familiar with the incident bemoaned the CBN’s blunders, claiming that Emefiele’s administration is jeopardizing the bank’s operations after his administration was indicted for alleged mismanagement by the Nigerian Incentive-Based Risk Sharing Systems for Agricultural Ending (NIRSAL) Microfinance Bank and the diversion of public funds.
The CBN governor apparently agreed to a’settlement’ after the National Assembly attempted to investigate the CBN NIRSAL claims
An insider source said, “The latest in these probes is the settlement of the principal and vocal members of the National Assembly with Bureau de Change licence by the CBN governor who is under investigation for several infractions before the same Assembly.
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“The governor has issued the licences to these legislators through the companies of their choice and many used third party companies. Some of the legislators who claimed to lack the required financial deposits were also assisted to access loans by the CBN governor.”
Other sources listed infractions involving the CBN governor and his role in diverting the traditional agricultural insurance responsibility of the government insurance company to private companies in which his family members have an interest.
“The 9th Assembly of National Assembly under Senator Ahmad Lawan and Femi Gbajabiamila can better be described as a compromised and silenced legislative arm of government under the current dispensation. No thanks to free access to contracts, cash, and patronage from strategic revenue-generating agencies under the legislative supervisory power of the legislators.
“The legislators and their principal officers have graduated from constituency project implementation to allocation of slots in employment, where the current Minister of Humanitarian Affairs also settled them with N-Power and conditional Cash Transfer slots contrary to principles guiding the projects,” another source stated.
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