The House of Representatives ad-hoc committee set up to investigate the N700 billion bail-out funds given to some state governments by the federal government yesterday called on Nigerians to demand for the resignation of the minister of finance, Kemi Adeosun, and Central Bank of Nigeria (CBN) governor, Godwin Emefiele, for mismanaging the country’s economy. The chairman of the ad-hoc committee,Hon. Sadiq Ibrahim (APC, Adamawa) made the call yesterday following failure of the duo to personally appear at the committee’s session. The committee also called for the resignation of the Director General of the Debt Management Office (DMO), Abraham Nwankwo.
Adeosun did not send any representative, but Emefiele delegated an executive director in the apex bank, Umar Abubakar, to represent him, while the DG of DMO was represented by Oladele Afolabi. But the lawmakers rejected the representatives. Hon Ibrahim 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.” The committee has directed the three officials to physically appear before it and provide all relevant documents on the bailout funds.