Tunde Bakare to FG: Emefiele must not be made scapegoat

The Serving Overseer of the Citadel Global Community Church, Pastor Tunde Bakare said the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele must not be made a scapegoat by the Federal Government over the monetary policies made by the apex bank under his leadership.

Bakare stated this during a State of the Nation Broadcast, themed, “Vice, Virtue & Time: Three Things That Never Stand Still,” delivered at the church at Ikeja, Lagos on Sunday.

He noted that even though Emefiele may have made wrong judgment in the management of Nigeria’s monetary policy, he must not be made a scapegoat by the Federal Government.

According to him, considering the provisions of the CBN Act 2007, there is every possibility that the erstwhile CBN governor did not act without presidential authorization.

Bakare said Emefiele should be prosecuted if found guilty of any crime, noting that the events before the 2023 presidential election points to the direction of political vendetta against the suspended CBN governor.

He said, “Mr Godwin Emefiele may have made the wrong judgment calls in the management of Nigeria’s monetary policy, but he must not be made a scapegoat.

“In the provisions of the central bank of Nigeria, CBN Act 2007, there is every possibility that the erstwhile central bank governor did not act without presidential authorization.

“If Emefiele is found liable for any crime, by all means he should be prosecuted. However, considering the dynamics of the pre-election environment and the then candidate Bola Tinubu’s public allegation…

“… that the naira redesign policy was targeted at him, the optics of the president targeting Emefiele for prosecution after winning the election and being sworn in as the president could be interpreted as a form of vendetta far beneath such a distinguished office,” Bakare said.

The cleric, however, knocked the Department of State Services (DSS) for their role in Emefiele’s arrest and detention, saying that their actions have raised concerns over professionalism and adherence to the rule of law.

“Considering the claims of the DSS that its actions were in reaction to order from above, handling of Emefiele case has sent a signal to the world that the current president disposition to the war against corruption is primarily motivated by the clampdown on the perceived political adversaries, while various other enemies of Nigeria remain untouched,” he said.

Recall that the embattled CBN governor has been in the custody of the DSS following his arrest on June 10 hours after he was suspended by President Tinubu.

Emefiele is being prosecuted by the Federal Government on two counts of illegal possession of firearms and ammunition.

After the court granted Emefiele bail, the Federal Government had on Aug 3rd filed an application seeking leave to appeal against the order granting bail to the suspended CBN governor.