A former presidential aspirant and former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has described embattled former CBN Governor, Godwin Emefiele, as the most damaging in the history of those who have led the apex bank.
Moghalu, in a lengthy post on X Saturday via his verified handle, raised a concern about a report purported to be that of a CBN investigated appointed by President Bola Tinubu, made it to the public without a signature appended to it nor the President and his administration speaking about it.
He cited Emefiele’s incompetence, performance regarding the stability of the naira exchange rate and inflation, the “brazen illegal” provision of Ways and Means lending to the government, his “illegal” attempt to run for president, and the “incompetent” manner in which the naira redesign policy was handled as connected to why he has concluded him to be the worst and damaging CBN gov.
“The foregoing notwithstanding, my views on Emefiele’s performance as CBN Governor have been a matter of record even when many now opining on the matter of his performance on the job were mute, he said. “He is, without debate, the worst and most damaging Central Bank Governor in Nigeria’s history- incompetent and ill-prepared for the role, and from all available information from his actions, doubtlessly severely challenged with integrity.
“Four things make this clear; his performance regarding the STABILITY of the Naira exchange rate, as well as inflation; the brazen illegal provisions of Ways & Means lending to @NigeriaGov; Emefiele’s illegal attempt to run for President, in clear contravention of Section 9 of the CBN Act of 2007, which precludes the Governor and Deputy Governors from engaging in activities outside their functions; and he incompetent manner in which the Naira Redesign Policy was handled, and its consequent negative, indeed disastrous impact on Nigeria’s economy,” he noted.
