Bailout Fund: PDP Governors Warn CBN Against Partisanship

                                                           CBN governor, Mr. Godwin Emefiele,

Onyebuchi Ezigbo in Abuja

Governors elected on the platform of the Peoples Democratic Party (PDP) has cautioned the Central Bank of Nigeria (CBN) against becoming a tool in the hands of the ruling All Progressives Congress in the release of bailout funds to states that deserve them.

The advice came against the background of allegations of failure of the apex bank in releasing the bailout fund for Kogi State, even when  other states mostly of the APC states have received theirs.

In a press statement in Abuja on Friday,
the coordinator of the PDP Governors Forum, Earl Osaro Onaiwu, accused the CBN of allowing itself to be dictated to by the ruling APC on which states to get the bailout fund despite Kogi having fulfilled all the requirements.

Osaro urged the CBN to insulate itself from politics and the control of the ruling party if it does not want to create political and financial crises in the country.

“How come almost all APC states that applied for bailout have gotten theirs but states like Kogi that have fulfilled all the requirements have been denied theirs with no explanation from the CBN?

“The CBN governor, Mr. Emefiele, has to insulate the apex bank from the shenanigans of politicians to avoid serious political and economic dislocation in the country.
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