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By Emman Ovuakporie
The drama over the unilateral printing of money by the apex bank, the Central Bank of Nigeria, CBN and allegedly shared by the three tiers of government took a new dimension as the leader of the PDP Caucus in the House of Representatives, Rep. Kingsley Chinda insist that the Federal Government should apologize to the Governor of Edo State, Godwin Obaseki.
TheNewsGuru.com, TNG recalls that the Edo State Governor had alleged that the last allocation was printed by the apex bank but this was initially denied by the CBN.
But the bank within 48hours claimed that the N60bn in question was a loan which must be returned.
This response has led to many unanswered questions such as who ordered such printing of money and was the money appropriated and was the National Assembly consulted?.
Apparently reacting to this, the PDP caucus leader queried the move by the apex regulator and demanded for an unreserved apology to Obaseki who meant well for Nigerians.
Chinda said” this government is fond of reprobating and approbating as they are full of paradoxes: They are consistently inconsistent in policies, actions and words: They are irresponsive to the yearnings of the people and in totality an irresponsible government.
” It was under rulers like Late Gen Idi Amin that we heard of such lame, cripple and ignoramus economic policies, where a government prints its currency at will.
” I’m not surprised because under Buhari, anything goes and nothing happens. Nigerians have shown their limitless level of gullibility under this government.
“The Federal Government should apologise to Gov. Obaseki and hide their heads in shame for once again trying to deceive Nigerians.
“It is clearly unlawful for CBN to unilaterally and capriciously print currency at will for any reason whatsoever. It is not supported by our laws.
“This is another pointer to the fact that our economy has collapsed and is standing on one of the three legs and ready to crumble any moment.
“Some of the consequences is gallopping inflation, which is at its highest level ever and likely to get worse as the value of Naira by the deliberate action of government continues to nose dive.
“Government is living in self denial, the unfortunate thing is that the masses will bear the brunt of government’s ineptitude and recklessness.
“In a sane clime, the Minister of Finance and CBN Governor ought to resign without delay but as is usual of Nigeria of today, they will rather be promoted.