Labour Party Reacts to Emefiele’s Suspension, Issues Strong Statement

The leadership of the Labour Party (LP) has reacted to the suspension of the Central Bank Governor, Godwin Emeifele, by President Bola Tinubu.

According to the opposition party, Tinubu’s action is vindictive and unconstitutional.

This was disclosed by the acting National Publicity Secretary of the party, Obiora Ifoh.

He said the Labour Party is disturbed by the decision of Tinubu to suspend/sack Emefiele without seeking the permission of the National Assembly.

However, he noted that Tinubu has the right to ask the CBN governor to resign; in the same way, Nigerians have the right to ask him or anyone to resign.

He said the president should have done it according to the country’s law.

The LP Spokesman further said:

 “Most Nigerians will not forget in a hurry the famous Naira redesign policy initiated by Emefiele primarily to check vote buying in the last general election.

“A noble policy which a particular candidate then, unfortunately, believed was targeted at him.

“To him, it was a mortal sin which cannot be forgiven and must be punished. Labour Party believes that Emefiele, a fall guy, is paying for his sin"