HURIWA Seeks Removal of CBN Cardoso For Naira Crisis Handling

HURIWA Seeks Removal of CBN Cardoso For Naira Crisis Handling

The Human Rights Writers Association of Nigeria (HURIWA) has demanded the immediate removal of Central Bank of Nigeria (CBN) Governor Olayemi Cardoso due to his poor handling of the ongoing Naira crisis.

HURIWA in a statement by its national coordinator, Comrade Emmanuel Onwubiko, stated that Cardoso failed in his duties as CBN Governor, which include safeguarding the Naira and upholding its value as Nigeria’s national currency adding that under his leadership, the Naira has depreciated significantly, causing economic sabotage requiring urgent attention.

The right group criticized Cardoso’s alleged incompetence during a recent session with a Senate committee where he struggled to explain Nigeria’s economic challenges coherently. The organization questioned his suitability for the role of CBN Governor, citing his reliance on prepared scripts and inability to articulate clear economic policies.

HURIWA also accused Cardoso of prioritizing political pursuits over his duties as CBN Governor by relocating CBN departments from Abuja to Lagos in violation of constitutional provisions.

The group called on Nigerians to unite against what it perceives as arrogance from public officials like Cardoso and emphasized the importance of upholding laws governing the CBN.

The right group referenced international examples such as monetary policy adjustments and foreign exchange interventions used by countries like China, Russia, UK & USA while highlighting measures required for maintaining currency stability.

HURIWA reiterated its call for President Tinubu to remove Cardoso from office immediately due to violations committed under various functions assigned by law including defending Naira and serving as Banker to Government Federation among others.

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