Ohanaeze Youths Movement, an Igbo socio-cultural group, has criticised CBN‘s Governor Yemi Cardoso’s blame game against Godwin Emefiele, describing it as childish and aimed to distract from his inability to stabilise the economy.
The youth group suggested it was a deliberate diversion from Cardoso’s perceived lack of capacity to stabilise Nigeria’s economy.
On Thursday, Cardoso attributed the ongoing Naira scarcity in certain regions to his predecessor, Godwin Emefiele.
In response, the Ohanaeze Youths, through leaders Nwabueze Obi, Ekwem Eucharia, and Ndukaku Chris, urged Cardoso to apologise to former CBN Governor Godwin Emefiele and leverage his wealth of experience and knowledge to avert a worsening of the current economic crisis. 
The group said, “The blame game on Godwin Emefiele by Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, is childish and a plot by him to divert attention from the fact that he lacks the capacity to stabilise Nigeria’s economy. Yesterday, Cardoso squarely blamed the ongoing naira scarcity in some parts of the country on the shoulders of his predecessor, Godwin Emefiele.
“The CBN raised the alarm recently over the circulation of fake Naira notes dominating the country’s markets. The apex bank alerted banks and Nigerians to beware of counterfeit bank notes, especially higher denominations now spent in food markets and other commercial hubs in the country. Is that also Emefiele fault?
“Cardoso should stop the blame game and pay a visit to his predecessor in Kuje Prison so as to learn the secret of Naira stability before the current economic crisis takes a turn for the worse. He needs Emefiele’s wealth of knowledge to turn the economy around. On his assumption of duty in 2014, Emefiele immersed himself in the job with patriotic zeal and a good understanding of the vision and mission of CBN.
“It was evident from his maiden speech that he had a good understanding of modern concepts of central banking, global best practices and the challenges, complexities and peculiarities of the Nigerian economy. In the face of severe challenges, Emefiele remained focused and demonstrated determination to safeguard the health of the financial system and economy.
“Emefiele ensured the stability of the financial system, which is germane. Thus, the financial system had been very stable under his leadership as CBN Governor. In recognition, Forbes New York noted that ‘the CBN Governor was able to regulate Nigerian banks and evolved policy measures to stabilise the economy in the face of global imbalances.
“CBN under Emefiele held a forte in the economy during the six-month period before President Buhari appointed and assigned portfolios to his ministers. And beyond that, the former CBN boss evolved innovative policies which helped to pull the economy out of recession in 2016.”
The post Naira Scarcity: ‘Blaming Emefiele Is Childish, You Lack Capacity’ — Ohanaeze Youths To Cardoso appeared first on Naija News.
