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Adeosun, Emefiele must resign now, Reps demand



The Minister of Finance, Mrs Kemi Adeosun and the Governor of Central Bank of Nigeria, Godwin Emefiele, have incurred the wrath of members of the House of Representatives.

The House adhoc committee on bailout funds extended to states, have called for the immediate resignation of both ministers over their handling of the nation’s economy, and also failing to appear before them to explain certain government policies.

The panel, which accused them of mismanaging the nation’s economy, made the call after Adeosun, Emefiele and the Director General of the Debt Management Office, DMO, Abraham Nwankwo failed to appear before it to answer questions on the disbursement and management of the over N700 billion extended to states as bail-out by the administration of President Muhammadu Buhari.

At the committee’s sitting on Thursday, Adeosun failed to appear or send any representative, while Emefiele and Nwankwo sent representatives who were rejected by the committee.

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Angered by the development, the Chairman of the committee, Rep Sadiq Ibrahim (APC, Adamawa), 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 also condemned the attitude of the government officials, just as the committee directed them to personally appear before it with relevant documents.

By Timothy Enietan-Matthews….



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  1. Roland Uchendu Pele

    November 4, 2016 at 8:37 am

    It’s very clear that Minister Adeosun and the CBN governor are only interested in taking loans from international banks, with no intentions of explaining to Nigerians how the money we already have is being spent. The Reps must do what they got to do.

    • Amaka Okoro

      November 5, 2016 at 9:30 pm

      You think so then what happen to the loan my dear our government are sleeping now and can never wake up because they are dead

  2. yanju omotodun

    November 4, 2016 at 9:14 am

    Sincerely they need resign now because they are not performing.

    • Joy Madu

      November 5, 2016 at 9:23 pm

      What makes you think they are not performing or you don’t know what to say because you lack brain


    November 4, 2016 at 10:10 am

    Those reps always take themselves so high. How many times have the executives call to appear before them. Their power needs to be curtailed self . that’s how sometimes they will tell the president to appear before them . nonsense.

  4. john peters

    November 4, 2016 at 1:39 pm

    The ministers were angry,because the senators refused to approve the $30bL loan for sharing.

    • Nonso Ezeugo

      November 5, 2016 at 9:12 pm

      They should go to hell and look for where to pure there anger why should the senators approve the $30bl loan share when they are all criminal

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