Some “housecleanings” are underway at the Central Bank of Nigeria (CBN), the apex bank President Bola Tinubu described as the “den of malfeasance” during his October 1 national broadcast.
Platforms Africa reports that the President made this unusual assertion during his 63rd anniversary broadcast to the nation, declaring inter alia, “I pledged a thorough housecleaning of the den of malfeasance the CBN had become. That housecleaning is well underway.”
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He said further, “A new leadership for the Central Bank has been constituted. Also, my special investigator will soon present his findings on past lapses and how to prevent similar reoccurrences.
“Henceforth, monetary policy shall be for the benefit of all and not the exclusive province of the powerful and wealthy.”
Tinubu’s reference to the CBN as a a den of malfeasance was a palpable reiteration of the President’s anger with the apex Bank.
Upon assuming office, the CBN Governor Godwin Emefiele suspended and later arrested by the DSS.
The President also appointed a special investigator Jim Obazee to look into the books of the CBN while the probe by DSS goes on.
A new CBN Governor has been appointed.He is Yemi Cardoso.
