The presidency says President Bola Tinubu didn’t ask Yemi Cardoso, governor of the Central Financial institution of Nigeria (CBN), to resign.
Based on a report on Tuesday, the president reportedly requested Cardoso to resign from his place owing to his incapability to cease the poor efficiency of the financial system, most particularly, the free fall of the naira.
The report additionally alleged that Tinubu instructed Cardoso to step down earlier than his departure to China, regardless of alleged efforts by outstanding Yoruba leaders to retain him within the position.
“Cardoso, who reportedly secured the nomination for the plum job by the Yoruba Elders, allegedly lacks the knack to show across the troubled establishment and the poor financial system he inherited,” the report stated.
“Cardoso’s undoing, based on insiders, is his incapability to reside as much as the promise he made to President Tinubu in January to salvage the Naira and return it to between N700 and N900 to $1 earlier than Might 29, 2024, and in addition, save the financial system from the ruins it presently lays.”
Addressing the declare through his X deal with, Bayo Onanuga, particular adviser to the president on data and technique, known as the report false.
“It’s all lies. President Tinubu has not requested Yemi Cardoso to resign,” Onanuga stated.
Cardoso was appointed by Tinubu in September 2023.
