Friday, 4 March 2016

Empty Treasury: Buhari to sack CBN governor





Empty Treasury: Buhari to sack CBN governor

Central Bank of Nigeria (CBN) governor, Godwin Emefiele, may be the next top profile government official to lose his job

Top presidential aides confided on Monday that the dragnet is drawing closer to Emefiele, who was appointed as head of the nation’s apex bank by former President Goodluck Jonathan on June 3, 2014.

Emefiele replaced Mallam Lamido Sanusi, the Emir of Kano, who was controversially suspended and fired by Jonathan for alleged insubordination.

But the CBN chief has been in the eye of the storm lately following revelations that the nation’s treasury was practically emptied to fund the failed re-election bid of Jonathan in 2015.

Emefiele, investigators alleged, granted government officials unfettered access to the treasury during the electioneering period and even printed new currencies when the vault was drained.

Many people expected President Muhammadu Buhari to have fired the bank’s chief following his alleged involvement in the infamous Dansukigate scandal, but a top presidential aide said Buhari decided otherwise, to strike at the best time.

Reporting GWD…………………….

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