- President Bola Ahmed Tinubu recently suspended Godwin Emefiele, accusing him of enriching a few individuals while Nigerians became poorer
- Tinubu also described the financial system under Emefiele as rotten and unorthodox, despite breaking the record as the longest-serving CBN governor since 1999
- The direct nature of Tinubu’s comments raised eyebrows, but data obtained from multiple sources indicate that the president is correct
President Bola Ahmed Tinubu has explained why he suspended former Central Bank of Nigeria (CBN) governor Godwin Emefiele a few days after resuming office.
Speaking with Nigerians in Paris, France, on Friday, June 24, 2023, Tinubu noted that Emefiele made a few connected people wealthy while Nigerians became poorer.