Business
Has CBN Gov, Emefiele, been sacked? Here’s what we know
The Central Bank of Nigeria (CBN) has denied reports that President Muhammadu Buhari has sacked the apex bank governor, Godwin Emefiele, on Wednesday, after eight years in charge.
There have been speculations that President Buhari relieved Emefiele of his duty, hours after the CBN chief headed the Monetary Policy Committee (MPC) meeting of the financial regulator.
However, CBN Communications Director, Osita Nwansibe, in a phone conversation with Ripples Nigeria, said the speculation was false, and he did not have knowledge of such decision by President Buhari, “I’m not aware.” he said.
Read also :Emefiele withdraws suit against INEC, Malami on presidential bid
Speculation of Emefiele’s ouster follows his decision to contest in the Presidential election, taking the Independent National Electoral Commission (INEC) and Attorney-General of the Federation to court over his ambition.
He became the first CBN governor to express interest in an elective position while still serving as the head of the financial regulator. Emefiele’s political ambition was trailed by criticism, considering INEC stores sensitive election materials with the CBN.
Emefiele has however withdrawn his suit against INEC and the AGF following President Buhari’s order that any of his political appointees interested in elective position should resign or drop their political ambition.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...