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.
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Emefiele has however withdrawn his suit against INEC and the AGF following President Buhari’s order that any of his political appointees interested in elective position should resign or drop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.
FEATURE: Ogun residents, waste collectors trade blames, as refuse litter environment
TIJANI ABDULKABEER, a journalist from the University of Ibadan, during a recent trip to Sango Otta, Ogun State took a look...
INVESTIGATION: How online fraudsters siphon victims’ funds through ‘SportyBet’ platform
As Nigeria transits into a cashless society, the evolution also creates opportunities for internet scammers to take advantage of unsuspecting...
SPECIAL REPORT: Enugu govt watches as waste takes over state, threatens public health, environment
In this report, Arinze Chijioke looks at how delays in evacuation of waste in Enugu State encourages indiscriminate waste disposal, its health implications, and how...
SPECIAL REPORT: Illegal miners degrade Ekiti community, engage in child labour
The activities of illegal miners in a community in Ekiti State have caused degradation of the environment, as miners engage...
SPECIAL REPORT: Inside the illegal trading of forest woods in Cross River community
“With a N20,000 bribe, an external buyer can influence the youth in host communities , Cross River State, to cut...