• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, August 4, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Emefiele Managed Monetary Policy, Not Economy, Lawyer Replies Akpabio

by Leadership News
1 year ago
in News
Senator Godswill Akpabio, Senate President

Senator Godswill Akpabio, Senate President

Share on WhatsAppShare on FacebookShare on XTelegram

A Constitutional Lawyer, Obe Agu, Esq., has berated the President of the Senate, Godswill Akpabio, the latter’s weekend’s comment on the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, saying the immediate-past apex banker managed monetary policy and not Nigeria’s economy as erroneously portrayed by the number three citizen.

Advertisement

Agu, in his reaction to Akpabio’s allegation against Emefiele at Ikot Ekpene Stadium over the weekend, said Emefiele was saddled with the
responsibility of managing exchange rate and inflation as Head of monetary policy but not the economy.

Recall that the Senate President while addressing his kinsmen from Akwa Ibom North-West Senatorial District of Akwa Ibom State during an homecoming reception, had accused the former CBN governor of leaving behind a “foamy economy”, insisting Emefiele had “left a very big hole in the national treasury. I still stand by my position.”

But, the Constitutional lawyer in a statement said Akpabio, who is a lawyer, should be learned enough to make distinction between who manages monetary policy and the economy and if he does not know, he should rather learn than bringing the noble profession and office he holds as head of lawmaking institution to disrepute by such comments.

Agu said: “The CBN Act of 2007 charges the Bank (hence its Governor) with the overall control and administration of the monetary and financial sector policies of the Federal Government.

RELATED

NCC, Civil Defence Corps Align To Tackle Telecoms Crimes

NCC Set To Introduce Stiffer Sanctions Against Errant ICT Operators

36 minutes ago
Nigeria’s Textile Import Bill Rises By 100.3% To N365.5bn

Stakeholders Advise Federal Gov’t On How To Revive Textile Sector

38 minutes ago

“Going by the Act, the objects of the CBN are to ensure monetary and price stability; issue legal tender currency in Nigeria; maintain external reserves to safeguard the international value of the legal tender currency. Promote a sound financial system in Nigeria…

“Consequently, as the CBN Governor, Emefiele was in charge of exchange rate and inflation, while the Fiscal authorities managed the economy. When Emefiele was removed, the official exchange Rate was N500/$1 and parallel market rate was N750/$. Today exchange Rate is N1,491/$.

“When Emefiele was removed inflation was 21 percent, today inflation is above 32 per cent. Nigerians know better.

“Given the present economic realities, former Central Bank of Nigeria Governor Godwin Emefiele’s performance arguably puts him as the best central bank governor in the history of Nigeria.

“To this extent Akpabio should learn, hide his head in shame and face his ordeal of being able lead the Senate as its President and the National Assembly as the Chairman. Honestly, the National Assembly under Akpabio is yet to come clean on the allegations of budget padding, amongst others.

“That Nigerians are keeping quiet because they are confronting other challenges facing them does not imply they are convinced about the issue swept under the carpet with the suspension of Senator Abdul Ningi who raised the alarm. Therefore, he mind the way he talk thinking Nigerians are don’t know that the legislature he leads is adding salt to their injury.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Godswill AkpabioGodwin Emefiele
SendShareTweetShare
Previous Post

Kanu’s Wife Hails Ubah For Facilitating Her Visit To Husband In DSS Custody

Next Post

Latest vivo V30 Lite Is Now Available In Nigeria At NGN 299,900

Leadership News

Leadership News

You May Like

NCC, Civil Defence Corps Align To Tackle Telecoms Crimes
Business

NCC Set To Introduce Stiffer Sanctions Against Errant ICT Operators

2025/08/04
Nigeria’s Textile Import Bill Rises By 100.3% To N365.5bn
Business

Stakeholders Advise Federal Gov’t On How To Revive Textile Sector

2025/08/04
Oduwole’s Reappointment As Presidential Aide Excites Investors
Business

Nigeria, Benin Republic Agree On Trade Framework

2025/08/04
Ex-CITN President Seeks Tax Policy Overhaul to Fight Poverty and Inequality
Business

Ex-CITN President Seeks Tax Policy Overhaul to Fight Poverty and Inequality

2025/08/04
Power Generation Rose By 30% In 2024 – Adelabu
Business

Electricity Distribution: Loss Levels Exceed Regulatory Limits, Adelabu Laments

2025/08/04
Baro Port: Nigeria’s Wasted Potential
Business

Multibillion-naira Baro Port Contract Predated Oyetola – Spokesman

2025/08/04
Leadership Conference advertisement

LATEST

NCC Set To Introduce Stiffer Sanctions Against Errant ICT Operators

Stakeholders Advise Federal Gov’t On How To Revive Textile Sector

Nigeria, Benin Republic Agree On Trade Framework

Ex-CITN President Seeks Tax Policy Overhaul to Fight Poverty and Inequality

Electricity Distribution: Loss Levels Exceed Regulatory Limits, Adelabu Laments

Multibillion-naira Baro Port Contract Predated Oyetola – Spokesman

Ekiti Assembly Caucus Hails Cavista Holdings’ Agriculture, Tourism Investments

Agency Intensifies Tree Planting To Fight Desertification In Yobe

West Africa Emerging As Global Hotspot For Virtual Asset Adoption – SEC

Stop Purchasing Stolen Rail Equipment, NRC MD Warns Metal Companies

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.