President Bola Tinubu has given reasons to why he suspended Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN).
Daily Report Nigeria reports that the President gave the disclosure during an interactive session with Nigerians residing in France and other neighbouring European countries.
The former Lagos governor raised concerns over the state of Nigeria’s financial status during Emefiele’s leadership, and described it as rotten.
According to Tinubu, the Emefiele’s style of leading the apex bank allowed a select few to enrich themselves via illegal money-making activities in the face of many difficulties experienced by Nigerians in the diaspora in their attempt to send money back home due to multiple exchange rates.
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READ ALSO: Emefiele Plans To Flee Nigeria — DSS Reveals
Assuring his audience that all of that was in the past, Tinubu said;
“Then the financial system was rotten. Few people making bags of our money and then you yourself, you stopped sending money home to our poor parents. Several windows… but that is gone now, is gone.
“The man is in the hands of authorities, something is being done about that, they will sort themselves out,” Tinubu added.
READ ALSO: DSS Seizes Emefiele’s Passport, Plans Home, Office Search
Daily Report Nigeria recalls that President Tinubu ordered the suspension of Emefiele as CBN governor on June 9, who was subsequently apprehended by the Department of State Services (DSS) while attempting to flee the country through a land border.
Emefiele is currently faces multiple charges including allegations of sponsoring terrorism.
