The Central Bank of Nigeria (CBN) has been advised against becoming a tool in the hands of the ruling All Progressives Congress in the release of bailout funds to states that deserve them.
The advice is coming on the heels of the failure of the apex bank in releasing the bailout fund for Kogi State, while other states mostly of the APC states have received theirs.
In a press statement in Abuja on Friday, Earl Osaro Onaiwu, coordinator of the PDP Governors’ Forum, accused the CBN of having allowed itself to be dictated to by the ruling APC on which states get the bailout fund despite Kogi having fulfilled all the requirements.
Osaro urged 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.
“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. 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 Kogi to ease the suffering of the common people in the state,” Osaro stated.
