Buhari backs Emefiele, says CBN governor following ‘alternative economic model’

Buhari backs Emefiele, says CBN governor following ‘alternative economic model’

President Muhammadu Buhari has finally reacted to calls for the removal of the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over his apparent partisanship.

Mr Emefiele in May disclosed his interest to be the presidential candidate of the ruling All Progressives Congress (APC), even when he had not resigned.

Amid calls for his removal, Mr Emefiele asked a court to declare him fit to seek the country’s top job without leaving office. The lawsuit failed.

Mr Emefiele only backed down after the president subsequently directed all government appointees seeking elective offices to resign first.

In a written response to questions by Bloomberg, Mr Buhari said the removal of the CBN Governor does not rest solely on him.

“The CBN governor is appointed by the President. But this appointment is subject to confirmation by the Nigerian Senate,” he said.

“Ultimately, it will be for the CBN’s board of directors to determine whether a…

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Buhari backs Emefiele, says CBN governor following ‘alternative economic model’

 

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