How Emefiele Resigned as CBN Governor, Paved Way for Cardoso

How Emefiele Resigned as CBN Governor, Paved Way for Cardoso

  • Godwin Emefiele, the suspended governor of the CBN, has been reported to have tendered his resignation letter in August
  • It was disclosed that his resignation paved the way for the nomination of Olayemi Cardoso by President Bola Tinubu
  • The CBN did not respond to questions on the resignation of Emefiele, while the president's spokesperson, Ajuri Ngelale, declined to comment on the resignation of the suspended CBN governor

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FCT, Abuja - Fresh development has revealed that the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, resigned his appointment as the apex bank governor in August before President Bola Tinubu appointed Olayemi Cardoso as his replacement.

According to Reuters, some government sources disclosed that the suspended CBN governor resigned and paved the way for Cardoso to be successfully appointed to take over.

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“It’s reckless, Emefiele has not resigned”: Lawyer reacts as Tinubu nominates Cardoso as new CBN gov

Olayemi Cardoso/Godwin Emefiele/Bola Tinubu/CBN
Emefiele resigns, pave way for Cardoso as CBN Governor Photo Credit: Bola Ahmed Tinubu
Source: Twitter

President Tinubu suspends CBN Governor Emefiele

Emefiele was suspended by President Tinubu in June, barely one month after he took over from former President Muhammadu Buhari.

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The suspended CBN governor had since then been arrested and detained by the Department of State Service (DSS). The secret police have charged him with procurement fraud he is currently facing another legal charge from the DSS.

According to Ajuri Ngelale, the spokesperson to President Tinubu, the names of Cardoso and four other nominees as deputy governors of the apex bank were forwarded to the Senate for screening and confirmation.

President Tinubu appoints Cardoso, four others CBN governor, deputies

The statement reads in part:

"The President expects the above listed nominees to successfully implement critical reforms at the Central Bank of Nigeria, which will enhance the confidence of Nigerians and international partners."

Read also

BREAKING: Tinubu nominates Yemi Cardoso as new CBN Governor

However, the CBN did not respond to the request on whether the suspended CBN governor and his deputies resigned and the President's spokesperson, Ngelale, declined to comment on the development.

Godwin Emefiele: DSS arrests Fakunle, CBN finance director earlier reported that the DSS has arrested a top finance director, Benjamin Fakunle, at his retirement party in Abuja on Wednesday.

Fakunle was arrested in connection with his role in the published seven-year accounts of the CBN audited, which did not follow the stipulated guidelines.

The outgoing director was expected to explain how and why N401 million was used for the publication without following the international standard.


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