Group Flays Lawyers’ Suit Against CBN On Naira | Independent Newspapers Limited
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Group Flays Lawyers’ Suit Against CBN On Naira

Posted: Apr 25, 2016 at 3:41 am   /   by   /   comments (0)



Nedum Noble



Anti-corruption groups under the auspices of Civil Society Coalition for Change (CSCC) has condemned the action of the 10 constitutional lawyers that took the Central Bank of Nigeria (CBN) to court over the weak naira, corruption and money laundering, saying it would be a futile effort.

Ten constitutional lawyers had filed a suit at the Federal High Court seeking to remove the governor from office and his prosecution on charges of money laundering and other offences.

The group in a statement signed by Comrade Femi Lawson, national co-ordinator of other nine civil society organisations, said Godwin Emefiele, the CBN governor, was one of the best since the establishment of the bank.

It said the several steps taken to cushion the effects of the economic downturn that is not only affecting Nigeria but other countries as well could attest to this.

It said the lawyers should rather channel their efforts at helping the bank with suggestions and information on how Nigeria could overcome its present challenges and not continue in a witch-hunt suggesting personal vendetta rather than a collective interest of the nation.

It said the apex bank’s efforts could be seen in the recent successful agreement Nigerian had with the Peoples Republic of China, adding that the woe should not be blamed on the bank, just as it commended the governor on his employment initiatives urging Nigerians to support him.

“It is an abuse of the court for some people who think that as lawyers they should run to court at every single opportunity they have, instead of helping the management to proffer solutions to the problem that is affecting everyone.

“The governor of Central bank should not be crucified for problem that existed long before he took over the mantle of leadership; we should rather be thinking of way out and that is what the management of the apex bank and the government had been doing. This is not the time for undue distractions in the name of court suit,” the statement stated.

It further noted that the allegation on money laundering is false wondering why Nigerians who should know best deliberately engage in undue persecution of innocent executives as those involved in the Dansukigate are currently facing the criminal court.

“If the CBN or the governor is involved, they should leave the Economic and Financial Crimes Commission (EFCC) to do their jobs as the commission is abreast of more information concerning the case than any outsider. Why are they involving the governor even when his name is not mentioned in the whole case? We are sure that the case will not fly because his name is not mentioned in the arms deal,” it added.