FIJ
“This is the only country in the world where a Central Bank Governor can have the backing of the president and still be on the run,” Shehu Sani, a former senator of the Federal Republic of Nigeria, wrote on Tuesday.
The central bank governor Sani is referring to here is Godwin Emefiele, Nigeria’s apex bank head.
Emefiele has been at the centre of a number of controversies in the last few months of his central bank governing.
FIJ highlights four of the controversies.
HE WANTED TO BE PRESIDENT
On May 5, 2022, Emefiele asked a federal high court to rule in favour of his eligibility to contest in the 2023 presidential election. The Central Bank of Nigeria (CBN) chief’s request was contained in suit FHC/ABJ/CS/610/2022.
Whether a CBN governor could participate in partisan politics became the question of the day.
On May 6, 2022, the Socio-Economic Responsibility and Accountability Project (SERAP) cited reports that Emefiele paid N100 million for the All Progressives Congress (APC) presidential nomination form. SERAP asked Emefiele to resign as CBN governor “in line with Section 9 of the CBN Act”.
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