The two-count charge levelled against the suspended Governor of the Central Bank of Nigeria, Mr Godwin Emefiele by the Department of State Service have been described as a political witch-hunt targeted at him for his implementation of the naira redesign policy that almost frustrated the campaign of the then presidential candidate of the All Progressives Congress, Bola Tinubu during the last election.
Many senior government officials including President Tinubu, and some governors in the All Progressives Congress, have in the build up to the last general election faulted some of the monetary policies of the CBN under Emefiele particularly the naira redesign policy.