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Forex crisis: Tinubu’s solution is to sack CBN governor, says ex-spokesman

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Daniel Bwala, who used to be the spokesperson for the presidential campaign of Atiku-Okowa, has called on President Bola Tinubu to fire the CBN Governor, Yemi Cardoso.

 

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He suggested that Tinubu should appoint a new governor who has no background in banking and who would pursue reforms with determination.

 

He gave this advice as he analysed how to solve the Forex problem in the nation.

 

Posting in X, Bwala wrote: “The key to dealing blow to Forex crisis against the naira is a bit similar to the Enron Scandal in the US; which also require tough political decision.

 

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“Simply sack all the bank execs; they are the only private sector players posting profits without loss since 2015 to date.

 

“Make them account for the FX they have been receiving from CBN 2015-2024.

 

 

“Force them to pay up all loans (if any) obtained from FGN in one week or seize their assets to recover same,

 

“Replace them with CBN complaint execs.

 

“Appoint a new CBN governor without a history of bank exec role who would be ruthlessly committed to this reform (if the present CBN governor is not prepared for that) Cardoso appears to be dancing around the elephant in the room.

@officialABAT must succeed with his reform agenda.”

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Written by
Tare Magbei -

With more than five years of covering different topics, Tare Magbei is a versatile journalist.

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