Government & Politics

President Tinubu Criticizes Suspended CBN Governor, Godwin Emefiele, Calling Nigeria’s Financial System “Rotten”

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President Tinubu on Suspended CBN Governor, Godwin Emefiele

In a recent interactive session with Nigerians residing in France and neighboring European countries, President Tinubu made a significant statement regarding the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Tinubu expressed his concerns about the state of the nation’s financial system under Emefiele’s leadership, referring to it as “rotten.”

During the session, President Tinubu highlighted the challenges faced by Nigerians abroad in sending money back home due to the existence of multiple exchange rates. He emphasized that this issue, which had plagued many Nigerians, had now become a thing of the past.

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“Then the financial system was rotten. Few people were making bags of our money, and you yourself, you stopped sending money home to our poor parents. Several windows…but that is gone now, it’s gone,” President Tinubu remarked.

While not delving into specific details, Tinubu indicated that actions were being taken by the relevant authorities regarding the suspended CBN governor. He expressed confidence that the situation would be resolved, saying, “The man is in the hands of authorities, something is being done about that, they will sort themselves out.”

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President Tinubu’s remarks shed light on the concerns and frustrations faced by Nigerians in the diaspora regarding the financial system and the impact it had on remittances. His statement underscores the need for a transparent and efficient financial system that supports the Nigerian diaspora in sending money to their relatives back home without unnecessary obstacles.

The suspended CBN Governor, Godwin Emefiele, has yet to respond to President Tinubu’s criticism. However, the nation eagerly awaits further developments regarding Emefiele’s suspension and the potential reforms that may be implemented in Nigeria’s financial system.

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One Comment

  1. Pingback: CBN Governor Emefiele Faces Criticism as Tinubu Claims He Destroyed Nigeria's Financial System - Allmedia24 News

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