An ad-hoc committee of House of Representatives set up to investigate the N700 billion bail-out funds given to some state governments by the federal government yesterday called on Nigerians to demand for the resignation of the Minister of Finance, Kemi Adeosun, and Central Bank of Nigeria (CBN) governor, Godwin Emefiele, for mismanaging the country’s economy.
Chairman of the ad-hoc committee Rep Sadiq Ibrahim (APC, Adamawa) made the call following the failure of the minister of finance and the CBN governor to appear personally at the committee’s session.
The committee also called for the resignation of the Director General of the Debt Management Office (DMO), Abraham Nwankwo.
While Adeosun did not send any representative, Emefiele sent an executive director in the apex bank, Umar Abubakar, to represent him while the DG of DMO was represented by Oladele Afolabi. But their representative was rejected by the lawmakers.
The chairman said; “The attitudes of these top government officials show who is mismanaging the economy of the country. Nigerians should rise up and call for their resignation immediately,”.
“If it is to bring virement, they would rush down, but now that they are to come and explain to Nigerians how the bail-out fund running into over N700bn was disbursed, they are sending representatives; they are only interested in borrowing. This has to stop.”
Other members of the committee described the absence of the trio as unacceptable in view of the quantum of money given out to states as bail-out.
The committee directed the three officials to physically appear before it and provide all relevant documents on the bailout funds.