Tinubu Finally Sacks Emefiele
President Bola Ahmed Tinubu has eventually sacked Godwin Emefiele as governor of the Central Bank of Nigeria.
It was also reported that he fired all deputy governors of the Central Bank of Nigeria.
President Tinubu had already suspended Godwin Emefiele as CBN Governor in June instructing him to immediately transfer his duties to Folashodun Adebisi Shonubi, the deputy governor of operations directorate who was to serve during the investigation and subsequent reforms.
In his stead, president bola Ahmed tinubu nominated former commissioner for Economic planning and budget in Lagos State, Dr. Olayemi Cardoso, to lead the Central Bank of Nigeria for the next five years.
Dr. Olayemi Cardoso is ready to take over from Emefiele who was suspended by Tinubu in June and subsequently detained by the Country’s State Security Agency.
Recall that Emefiele was reappointed by former president Muhammadu Buhari for a second term of five years as the Central Bank of Nigeria, Governor in 2019.
The president’s special adviser on media and publicity, Ajuri Ngelale, made this clear in a statement that the appointment adheres to section 8 (1) of the Central Bank of Nigeria Act, in 2007.
