Emefiele’s performance as CBN Governor was not very impressive -Kingsley Moghalu

NAIRAMETRICS

• Former Deputy Governor of the Central Bank of Nigeria, Mr Kingsley Moghalu, criticized the performance of suspended CBN Governor, Mr Godwin Emefiele.
• Moghalu questioned Emefiele’s suitability for the role and highlights the consequences of appointing individuals to sensitive positions without due diligence.
• Moghalu expresses concerns about the new forex policy’s impact on inflation and criticizes the CBN’s contradictory actions in combating inflation while contributing to it through lending to the government.

Mr Kingsley Moghalu, a former Deputy Governor of the Central Bank of Nigeria (CBN), has said that the performance of the suspended CBN Governor, Mr Godwin Emefiele, on the core mandate of the bank has not been very impressive.

Moghalu, who stated this during an interview with Arise Television, monitored by Nairametrics, said that he has the highest minimal regard for Emefiele’s performance and has always doubted his suitability for the role as the CBN Governor.

• “You know, discussing the suspension of Godwin Emefiele is something, to be frank, I have not wanted to dwell on because, first, there are currently some judicial issues and judicial procedure. He is in detention and there are allegations against him. So, I don’t want to comment on the exact allegations against him. But looking at his performance as a governor of the Central Bank over the last several years, my view of his performance has been a matter of record. 
• “I was saying even when he was the Governor that I have the highest minimal regard, for his performance, indeed even his suitability for the role and we have seen the consequences of not being careful in appointing people to such a sensitive role. 

More on Emefiele’s Performance as CBN Governor

He further noted that Emefiele’s alleged failures are the consequences that could arise from appointing individuals to sensitive positions without due diligence.

While acknowledging Emefiele’s efforts, the speaker asserted that the embattled apex bank governor’s focus had been diverted