Connect with us

news

Why I didn’t sack Emefiele over alleged political ambition – Buhari ~ Prestige News

Published

on

President Mohammadu Buhari and CBN Governor, Godwin Emefiele

 

Access2022

ADVERTISEMENT

 

“…Ultimately, it will be for the CBN’s board of directors to determine whether a CBN governor’s actions have fallen foul of the laws in place to ensure he can most effectively carry out his duties.”

 

President Muhammadu Buhari has given reasons for not sacking the Governor of the Central Bank, Godwin Emefiele, over his partisan activities.

 

In an interview with Bloomberg, Mr Buhari said the Governing Board of the CBN has the power to determine if the governor erred or not.

 

Mr Emefiele came under fire in May after a group procured the N100 million presidential expression of interest and nomination form of the ruling All Progressives Congress (APC).

 

The CBN governor later rejected the presidential forms, noting that should he heed the call to run for the presidency, he would use his “own hard-earned savings from over 35 years of banking leadership to buy my own Nomination Forms.”

 

Despite the outcry against his partisanship, Mr Emefiele also sued the Independent National Electoral Commission (INEC) and Attorney General of the Federation and Minister of Justice over his eligibility.

 

FBK

ADVERTISEMENT

 

He asked the court to stop INEC from disqualifying him from participating in the primary election of his preferred political party.

 

Amidst all these, Mr Buhari refused to call the CBN boss to order or relieve him of his position.

 

PREMIUM TIMES, in an editorial, called on Mr Emefiele to resign and pursue his political ambition, if he had any, or publicly distance himself from groups clamouring for him to contest.

 

Also, the governors of Ondo and Sokoto State, Rotimi Akeredolu and Aminu Tambuwal, had called for the resignation of the CBN boss.

 

Interview

 

In the interview, Mr Buhari said Emefiele faced allegations of “partisanship” because of his “unorthodox” approach to the economy.

 

“The CBN governor is appointed by the President. But this appointment is subject to confirmation by the Nigerian Senate. Ultimately, it will be for the CBN’s board of directors to determine whether a CBN governor’s actions have fallen foul of the laws in place to ensure he can most effectively carry out his duties.

 

“But there is a subtext to the accusations. Because the governor follows a model outside of the economic orthodoxy, he is labelled political. But the orthodoxy has proved wrong time and again.

 

“Instead, the governor is following an alternative economic model that puts people at the heart of policy. Nigeria should be free to choose its development model and how to construct our economy, so it functions for Nigerians.”

 

Mr Emefiele supported the policy of shutting down land borders to protect the local rice farmers in the country.

 

The bank also invested billions in the agro sector through the Anchor Borrowers Programme.

 

 

ADVERTISEMENT

 

MAKE $1K-$5K+ MONTHLY SELLING BOOKS ON AMAZON EVEN IF YOU ARE NOT A WRITER.

 

…. BEGINNER FRIENDLY, NO START UP CAPITAL AND GUARANTEED WAY TO BUILD PASSIVE MONTHLY CONSISTENT INCOME WITH ZERO PRIOR KNOWLEDGE…..

 

 

CLICK THE LINK HERE FOR DETAILS:

 

https://app.expertnaire.com/product/7259956958/7174445834

 

 

Click to comment

Leave a Reply

Your email address will not be published.

Latest Edition of Prestige Intl. Magazine

Ad

Ad

Ad Codes Widget

Ad Code

Trending

Share