Emefiele’s Ambition: CBN Board Is To Determine If Laws Were Broken – Buhari
Written by on June 22, 2022
President Muhammadu Buhari says it’s not in his place to determine if the political ambition of Central Bank Governor, Godwin Emefiele, infringes on any laws that affects his productivity.
Buhari stated this on Tuesday during his interview with Bloomberg.
There have been debates around the central bank’s independence following the governor showing interest in running for presidency, however, Buhari was of the opinion that his is to appoint and the appointment is subject to confirmation by the Nigerian Senate.
According to the president, “Ultimately, it will be for the CBN’s board of directors to determine whether a CBN governor’s actions have fallen foul of the laws in place to ensure he can most effectively carry out his duties”.
President Buhari, however, asserted that there is a subtext to the accusations, stressing that “because the governor follows a model outside of the economic orthodoxy, he is labelled political”.
He further argued that the orthodoxy has proved wrong time and again.
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