Piqued by fraudulent activities that   littered  his headship   of the Central Bank of Nigeria,  the immediate past  Governor of  CBN, Godwin Emefiele, the Presidency said  he would have faced a firing squad if he were from China.

President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, said Emefiele and his gangs committed egregious misappropriation that would not be allowed in China.

Onanuga, who was reacting to the Special Investigation on CBN and Related Entities, Chargeable Offences report said that the immediate past Governor of Central Bank committed “egregious misappropriations in China, they will by now be facing the firing squad for high treason.”

Jim Obazee’s report indicted Emefiele of misappropriating funds while he was CBN governor.

The report claimed that the former CBN governor opened bank accounts without the approval of the apex bank’s Board of Directors and Investment Committee.

According to the report, Emefiele illegally lodged billions of naira in about 593 bank accounts in the United States, United Kingdom, and China.

Obazee disclosed that Emefiele deposited £543,482,213 in fixed deposits in UK banks alone without authorisation

Posting on X, Onanuga wrote: “If Godwin Emefiele and his gang had committed these egregious misappropriations in China, they will by now be facing the firing squad for high treason.”