CBN Governor obtains secret Court Judgment to stay in office while Contesting APC primary

CBN Governor obtains secret Court Judgment to stay in office while Contesting APC primary

The Governor of the Central Bank, (CBN) Mr Godwin Emefiele has secretly obtained a Court Judgment giving him the green light to contest the 2023 Presidential election while retaining his office.

Reports said Justice DC Maidoh of a Delta State High Court, Kwale has given the nod to the Central Bank Governor, (CBN) Mr Godwin Emefiele to contest the 2023 Presidential election while holding his office portfolio

This appears to run contrary to the directive by President Mohammadu Buhari that any public servant seeking elective post should resign.

Emiefele had through a proxy, Augustine Eddiego approached the court asking, “An order restraining the defendants from treating the provision of section 9 of the Central Bank of Nigeria Act 2007 as amended as a bar on the Governor and Deputy Governor of the Central Bank of Nigeria from seeking political offices pending the hearing and determination of the motion on notice herein in this suit which borders on the interpretation and supremacy of the 1999 CFRN.”
Section 9 of the CBN Act provides that “the Governor and the Deputy Governors shall devote the whole of their time to the service of the Bank and while holding office shall not engage in any full or part-time employment or vocation whether remunerated or not, except such personal or charitable causes as may be determined by the Board and which do not conflict with or detract from their full-time duties.”

Justice Maidoh in a judgement secretly delivered on May 12 granted the order and adjourned the case to May 25.
“In the circumstances, in line with order 39 rule 3 of our rules, this motion is hereby granted. The motion on notice is accordingly adjourned to 25/5/2022 for hearing,” the judge said.

“The applicant is to enter an undertaking if the order sought ought not to have been made.”

Court documents reads, “The court upon reading through the Motion papers and hearing C.N. Ofiah Esq. for the claimants/applicants ordered as follows: I have read the processes in this suit, the applicant has complied with order 39 of our rules.
“Applicants also deposed to an affidavit of urgency. From the processes before this court, I find that the said application at this stage has merit pending the hearing and determination of the Motion on Notice. In the circumstances, in line with order 39 rule 3 of our rules, this motion is hereby granted. The motion on notice is accordingly adjourned to 25/5/2022 for hearing. The applicant is to enter undertaking if the order sought ought not to have been made.”
Last week, a group of supporters said they had purchased the APC presidential form for the CBN boss.

That move ended months of speculation that Emefiele was interested in Nigeria’s exalted position.

Reporrs said armed with the court papers, Emefiele gleefully took them to President Muhammadu Buhari on Thursday after which he stated that Nigerians will die of a heart attack.

Reacting to his controversial presidential ambition which has seen many groups and notable Nigerians call for his resignation to preserve the sanctity of the treasury and national economy on Thursday, Emefiele boasted that he was having fun and cared less about what people had to say.

He met with State House Correspondents after a closed-door meeting with President Buhari at the Presidential Villa in Abuja.

Reacting to a report that the President had asked him to resign after the purchase of the presidential nomination and expression of interest forms of the ruling All Progressives Congress (APC), Emefiele said, “There is no news now, but there will be news. You heard me, I said there is no news but there will be news.”

But when told that Nigerians were anxious about his position, he said: “Let them have a heart attack. It’s good to have a heart attack. I am having a lot of fun.”

Following the development, Senior Advocate of Nigeria (SAN), Femi Falana, argued Emefiele is not qualified to run for the office.
He hinged his argument on the provisions of the Nigerian Constitution.
Falana in a statement he issued on Monday, maintained that “while Mr. Emefiele is awaiting divine intervention it is pertinent to point out that by virtue of the combined effect of section 9 of the CBN Act and Section 18 of the Banks and Financial institutions Act 2020 it is the Board of the CBN that is competent to permit him to engage in politics or any other vocation.
“So far, the Board of the CBN has not authorised him to participate in the primary election of the ruling party. To that extent, he is disqualified from seeking any elective position in the primary election of any political party or in the general election.”source Barristerng.com