Emefiele Resigned In August, Says Associate


IF the account of an associate of Godwin Emefiele is anything to go by, the embattled Central Bank of Nigeria (CBN) boss may have resigned his appointment at the apex bank.

The associate, who craved anonymity, claimed Emefiele tendered his resignation letter last month while still in the custody of the Department of State Services (DSS)

The associate was however silent on if the resignation was part of the plea bargain arrangement being negotiated between Emefiele’s team and the government team.

Emefiele had till June 4, next year to serve as governor of the CBN and can only be removed before then if two-thirds of the Senate allows it.

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“In respect of the governor however, Section 11 of the CBN Act lists the only ways he can be removed; and that the President can only remove him with confirmation of 2/3 of the Senate.

However, regarding the deputy governors, by section 11(f) of the CBN Act, the president has the powers to remove them without any requirement for senate confirmation.

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On Friday, President Bola Ahmed Tinubu nominated four replacements for the deputy governors namely: Folashodun Adebisi Shonubi (Deputy Governor Operations/Ag. governor); Aisha Ahmad Deputy Governor (Financial System Stability); Adamu Lamtek Deputy Governor (Corporate Services and Kingsley Obiora (Deputy Governor, Economic Policy).


The replacements are: Emem Nnana Usoro; Muhammad Sani Abdullahi Dattijo; Philip Ikeazor and Bala M. Bello.

Dr. Yemi Cardoso was nominated as the CBN governor.



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