Home Business CBN Governor’s Job Not Threatened, Say Presidency Sources

CBN Governor’s Job Not Threatened, Say Presidency Sources


The job of Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, is not threatened in any way, some sources within the Presidency have said.

The clarification came against the backdrop of reports in some online media to the effect that Emefiele had been sacked.

The reports have caused intense confusion and unease within the banking sector in the country and beyond.

But WESTERN POST Correspondent spoke with some Presidency officials who said the CBN governor’s job is not threatened in any way.

They said the CBN governor is believed to be good on his job and at present enjoys the best of relationship with President Muhammadu Buhari not only because of his core banking and regulatory duties but also because of his interventions that have ensured tremendous success within the agriculture value chain.

They particularly mentioned the Anchor Borrowers’ Programme, which has led to a revolution in rice production and the consequent massive reduction in rice importation.

The sources, however, pleaded not to be named because they were not authorised to speak.

However, when contacted for his reaction to the unfounded story of Emefiele’s sack, the Director Corporate Communications of the CBN, Isaac Okoroafor, said: “The governor is in his office working. I don’t know what they are talking about.”

Another official of the CBN said: “There is nothing like that, the governor is here, his tenure expires in June.

“In fact he has various functions to attend, one of which is to meet with stakeholders in the cotton value chain on Tuesday, March 5, 2019.”

The apex bank governor’s appointment is for a five-year renewable tenure that ends in May this year. Emefiele was appointed by former President Goodluck Jonathan in 2010 when he shove aside Mallam Sanusi Lamido Sanusi who is now the Emir of Kano. President Buhari, however, retained Emefiele when he took over in 2015.

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