Thursday 18 February 2016

President Buhari May Fire CBN Governor 'Any Moment from Now'.



CBN Governor, Godwin Emefiele

Central Bank of Nigeria (CBN) governor, Godwin Emefiele, may be the next top profile government official to lose his job, Ripples can authoritatively confirm.
Top presidential aides confided on Monday that the dragnet is drawing closer to Emefiele, who was appointed as head of the nation’s apex bank by former President Goodluck Jonathan on June 3, 2014.
Emefiele replaced Mallam Lamido Sanusi, the Emir of Kano, who was controversially suspended and fired by Jonathan for alleged insubordination.
But the CBN chief has been in the eye of the storm lately following revelations that the nation’s treasury was practically emptied to fund the failed re-election bid of Jonathan in 2015.

“What people don’t know is that the President has made up his mind Emefiele must go. But he only wants to do it at the best time. He believes he should get as much information as possible from the CBN chief before dispensing with him. If he just sacks him, it will not benefit the nation.”

Though Emefiele’s appointment is for a five-year renewable tenure that ends in 2019, it was learnt that Buhari is determined to have a complete economic team to fix the nation’s dwindling economic fortunes.
Emefiele, it was gathered, is the only puzzle the President has to remove to have his complete economic team. Besides, sources said the President has prioritised immediate resuscitation of the ailing economy as topmost in the next one year.

Buhari was said to have resisted the pressure to guard against having a politically-exposed person as CBN’s helmsman. Yet, he is said to have sanctioned the sack of Emefiele, which is expected to become public knowledge ‘any moment from now’.

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