Bailout: Don’t allow APC control you, PDP Govs tell CBN

Governors elected on the platform of the Peoples Democratic Party, PDP, Friday, counselled the Central Bank of Nigeria, CBN, not to become a tool in the hands of the ruling All Progressives Congress, in the releasing bailout funds to states that deserve them.

The governors, in a statement signed by its Coordinator, Osaro Onaiwu, said the advice came on the heels of the alleged failure of the apex bank in releasing the bailout fund for Kogi State, while other states, mostly of the APC states, have received theirs.

The PDP governors berated the CBN of allowing the bank to be dictated to by the APC to determine the states that should get the bailout, wondering They why Kogi State was not given despite having fulfilled all the requirements.

The statement called on 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.

The statement said: “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. Godwin Emefiele, has to insulate the apex bank from the shenanigans of politicians to avoid serious political and economic dislocation in the country.

“It is important and urgent that the CBN releases the N50billion bailout due to Kogi to ease the suffering of the common people in the state.”
Timothy Enietan-Matthews

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