Indications have emerged that the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele moved billions of dollars from the country’s foreign reserves without the knowledge of former President Muhammadu Buhari.
President Bola Ahmed Tinubu’s spokesperson, Ajuri Ngelale, dropped this bombshell in a recent interview.
He pointed out that the former president did not authorize the bulk of the expenditures from the foreign reserves, amounting to billions of dollars.
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The spokesperson for the president mentioned that the majority of the apex bank’s operations are directly managed by the CBN governor, who also holds the position of chairman on the bank’s board of directors.
“What was done concerning the expenditure of billions of dollars from the foreign reserves was done largely without the approval or knowledge of President Muhammad Buhari and President Bola Tinubu.
“Yes, that might seem hard for some people to believe, but I want to explain how that could have happened.
“We have one of the few Central Banks in the world where the day-to-day CEO was the governor of the Central Bank and was also the chairman of the board of directors. He was essentially overseeing himself,” Ajuri explained.