No Result
View All Result
Vision Update
  • Home
  • News
  • Politics
  • Business
  • Lifestyle
  • Health
  • Metro
  • Sports
  • Law and Order
  • Home
  • News
  • Politics
  • Business
  • Lifestyle
  • Health
  • Metro
  • Sports
  • Law and Order
No Result
View All Result
Vision Update
No Result
View All Result
Home News

Proposed Amendments To CBN Act, Recipe For Leadership Crisis – Arewa Youths

admin by admin
September 29, 2022
in News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

KADUNA – The Arewa Consultative Youths Movement (ACYM) has described the move by the Senate to amend the law setting up the Central Bank of Nigeria (CBN) as a recipe for leadership crisis in the apex bank.

The Senate had on Tuesday moved against the CBN Governor, Godwin Emefiele, by passing a Bill for second reading.

The Bill seeks to whittle down the CBN Governor’s powers and remove him as Chairman of the Board of Directors of the Central Bank.

The group, in a statement on Wednesday by its President, Kabiru Yusuf, said the development was capable of plunging the bank into a serious crisis if unchecked.

It said it was, therefore, important for the Senators to drop the idea.

The statement reads, “We make bold to say that the CBN has been enjoying stability under its Governor, Godwin Emefiele.

“It is therefore surprising that our senators, being funded from taxpayers money, will wake up and take decisions that will end up destabilizing the bank.

“This amendment is a clear road to perdition and as ethnic youth leaders across the country, we are calling on our lawmakers to drop the idea.

“The need to drop the idea is in the interest of the nation’s economy.”

 6 total views,  1 views today

Previous Post

Federal Govt Okays N580.5m For NDLEA Armoured Vehicles

Next Post

Exposed! Finance Minister Awards Contract For Collecting Revenue To Foreign Company Under Probe

admin

admin

Next Post

Exposed! Finance Minister Awards Contract For Collecting Revenue To Foreign Company Under Probe

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

KARA TRADERS CRY FOR HELP, ALLEGE PLANS TO BURN DOWN MARKET  

1 day ago
Ensure Adequate Publicity of Government Activities, Policies. -CPS Charges Information Officers

Ensure Adequate Publicity of Government Activities, Policies. -CPS Charges Information Officers

3 days ago

Trending

No Content Available

Popular

No Content Available
Facebook Twitter Instagram Pinterest Youtube
Vision Update

Vision Update is a product of a dedicated Journalist and a public analyst.

Registration No

BN: 2025986

ISSN: 0795-0659

Follow Us

Copyright © 2022 Vision Update - Designed by CYBERWARRIOR. BN: 2025986 ISSN: 0795-0659

No Result
View All Result
  • Home
  • News
  • Politics
  • Crime
  • Sports
  • Education
  • Lifestyle
  • Entertainment
  • Contact Us
  • Advertise With Us
  • About Us

Copyright © 2022 Vision Update - Designed by CYBERWARRIOR. BN: 2025986 ISSN: 0795-0659