Akpabio Not Ready To Stop ‘Yorubanisation’ Of The Financial System – Northern Senators

Fresh reports have indicated that the controversy trailing Senate President, Godswill Akpabio is the suspicion of his incapacity to checkmate what some northern senators are calling the ‘Yorubanisation’ of the country’s financial system and economy.

CityNews Nigeria understands that there have been various conspiracy theories claiming that some senators are plotting Akpabio’s downfall.

However, the Senate refuted the report, maintaining that the lawmakers are united behind Akpabio’s leadership.

Despite the denial, fresh details emerging from Daily Sun have claimed that some senators are angry with the senate leader because of his inability to checkmate the domination of the Yoruba in the financial ecosystem and also deal with some powerful interest groups, particularly some petrol importers and the electricity distribution companies on some proposed financial deals bordering on 40 percent electricity tariff hike and payment of outstanding money to fuel importers.

Among the senators who are alleged to have regrouped with a mission of standing up to Senator Akpabio are some former governors drawn from the North and at least one from the South-South.

The group has now formally come out by presenting Senator Elisha Abbo, APC, Adamawa North, as the face of the group.

Over the weekend, Abbo, in newspaper interviews, accused Akpabio of marginalising his rivals in the leadership contest and their supporters in the distribution of the committee positions.

Sources within the group told the aforementioned publication that “The main issue is our fear that Akpabio cannot check this Yorubanisation of the financial system that is going on now.”

The source, who spoke on the basis of confidentiality, alluded to the appointments at the Central Bank of Nigeria (CBN), Federal Inland Revenue Service, Customs, among others that have recently been infused with Yoruba leadership.

“Yes, the reason why you can see that Northerners are mostly involved is that most of those being removed and replaced with Yoruba are northerners,” the source further revealed.

It was further gathered that the aim of the senators is to enthrone a senate president the group believes can checkmate President Bola Tinubu.