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PDP governors demand urgent streamlining of CBN functions

Governors elected on the platform of the Peoples’ Democratic Party (PDP) have called for immediate streamlining of the functions and processes of the Central Bank…

Governors elected on the platform of the Peoples’ Democratic Party (PDP) have called for immediate streamlining of the functions and processes of the Central Bank of Nigeria (CBN) in order for the apex bank to be constitutionally compliant.

The governors under PDP Governors Forum made the demand during their meeting at the Bayelsa State Government House in Yenagoa on Monday said the apex bank is operating as an  ‘alternate government and a government within a government.’

The communique at the end of the meeting read by the vice-chairman of the forum and governor of Abia State, Okezie Ikpeazu, said the governors also reviewed the state of the nation and the readiness of the PDP to rescue the nation from APC misrule in 2023.

They urged President Muhammadu Buhari to immediately sign the Electoral Act Amendment Bill into law, saying if there is any misgiving on any aspect of the bill, it may be amended in the future.

They also welcomed the decision of the court on Police Trust Fund deductions from the Federation Account, a suit at the instance of Rivers State and urged the federal government to stop similar unconstitutional deductions from the Federation Account.

He said: “The forum once again deplored the way and manner the CBN is being run as an alternate government.

“It is indeed, a government within a government. It is time to streamline its functions and processes to be constitutionally compliant.”