Arms Probe Deal: Pastor Tunde Bakare Calls For The Arrest Of CBN Governor

Fiery preacher and general overseer of The Latter Ran Assembly, Lagos, Pastor Tunde Bakare has released his state of the nation address tagged ”Roadmap to successful change”.


Bakare, 61, who was the running mate to President Muhammadu Buhari in the 2011 presidential elections under the banner of the Congress for Progressive Change (CPC), called for the prosecution of the Central Bank of Nigeria (CBN) governor, Godwin Emiefiele, because of the role of the apex bank in the widely publicised ongoing arms probe deal.

According to The Cable, Bakare accused the CBN of contributing negatively to the Nigerian economy, adding that Emefiele should be booted out of office and prosecuted.

He said: “The government must examine carefully, the argument of economists, that sound monetary policy including proper management of the exchange rate regime by the CBN would eliminate the need for subsidies.

“The intricate connection between monetary policy on the one hand and the fuel subsidy debate on the other, makes the management of the CBN a major concern.

“To the discerning, the CBN currently contributes negatively to the Nigerian state in more ways than one. Firstly, the CBN has become a conduit for politicians to drain the nation.

“Otherwise, how can a letter of barely two paragraphs addressed to the current CBN Governor, Mr. Godwin Emefiele, by the then National Security Adviser (NSA), Col. Sambo Dasuki (rtd.), become the Authority to Incur Expenditure (AIE) leading to cash flow of $47 million (US dollars) and several millions of euros? “In decent climes, the CBN Governor cannot continue in office while the NSA is accounting for his alleged misdeeds.”

Bakare also spoke on other sundry issues like National Assembly crisis, minimum wage and the removal of subsidy.

Read the full statement here.