Emefiele: Tinubu breaks silence, reveals main reason CBN gov was fired

Tinubu Defends Suspension and Arrest of Emefiele

President Bola Tinubu has defended the suspension and subsequent arrest of former Central Bank of Nigeria (CBN) Governor Godwin Emefiele.

Tinubu, who spoke during an interactive session with Nigerians residing in France and neighboring countries on Friday, said the financial system was “rotten” under Emefiele.

He said that many Nigerians living outside the country were unable to send money to their families due to the multiple exchange rates, but that this is now “gone.”

Tinubu also said that Emefiele was suspended to allow for an investigation into allegations of financial impropriety. He said that the investigation is ongoing, and that Emefiele will be “held accountable” if he is found to have broken the law.

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He said: “Then the financial system was rotten. Few people made bags of money and then you yourself, you stopped sending money home to our poor parents. Several windows. But that is gone now. It’s gone.

“The man is in the hands of the authorities. Something is being done about that. They will sort themselves out.”