" ITREALMS: N500m gift to LP: Emefiele refutes The Nation's allegation, says its false, malicious - ITREALMS

Monday, March 13, 2023

N500m gift to LP: Emefiele refutes The Nation's allegation, says its false, malicious - ITREALMS

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The Central Bank of Nigeria (CBN) has on Monday, March 13, 2023, refuted The Nation's allegation of the apex bank pumping some N500 million to boost the campaign of the Labour Party (LP) candidate in Lagos State in the bid to chase away Asiwaju Bola Ahmed Tinubu (BAT), reports ITREALMS.
N500m gift to LP: Emefiele refutes The Nation's allegation, says its false, malicious - ITREALMS
The Nation, ITREALMS recalled had claimed in today's edition of the paper that CBN released the sum of N500 million in new banknotes to shore up the campaign of the Labour Party (LP) in Lagos State on the night of Sunday, yesterday.


The Nation also alleged Emefiele in his determination to influence the outcome of the March 18 governorship election in Lagos State against the ruling All Progressives Congress (APC) took that decision.

"It was learnt that the N500 million windfall was mobilised through high-level CBN agents in Lagos. It was described as “Oga’s own contribution to the takeover-Lagos-from- Tinubu’s-influence, now that he has become the president-elect and will be relocating to Abuja”.

The Nation also claimed it learnt that Emefiele had worked to ensure that Tinubu did not emerge as presidential candidate and president-elect. Sources said the cash bonanza is intended to give undue advantage to the LP candidate, Mr. Gbadebo Rhodes-Vivour, over the two other major contestants – incumbent Governor Babajide Sanwo-Olu of the APC and Mr. Olajide Adediran of the Peoples Democratic Party (PDP), whose campaign and mobilisation have been seriously affected by the cash squeeze caused by Emefiele’s Naira redesign policy.

The Nation equally claimed that Emefiele, who hails from Delta North, is an enthusiastic promoter of the “Igbo agenda” to install “our own in Alausa come May 29”.

A press statement made available to ITREALMS on Monday, March 13, 2023, by the CBN's Acting Director, Corporate Communications, Dr. Isa Abdulmumin, described as false and malicious the report of The Nation.

Emefiele was quoted as saying that he has never met Rhodes-Vivour either in person or by proxy, insisting that CBN Governor does not engage in politics.


Remmy Nweke/DoP

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