The presidency has debunked the report that President Bola Tinubu has ordered Yemi Cardoso, the governor of the Central Bank of Nigeria (CBN), to resign immediately......See Full Story>>.....See Full Story>>
Bayo Onanuga, the president’s special adviser on information and strategy, quoted the report and said the claim was untrue, adding that the president never made such a statement.
Why Tinubu orders Cardoso to step down
According to a newspaper report, not Legit, Tinubu has ordered Cardoso to step down as governor of the apex bank due to his inability to address Nigeria’s economic struggles, particularly the sharp decline of the Naira.
The medium notes that sources reveal that Cardoso, who was nominated for the position with the support of the Yoruba Elders, failed to deliver on his promise to stabilize the Naira and revitalize the economy. Specifically, he had pledged to return the Naira to between N700 and N900 to $1 by May 29, 2024.
However, under Cardoso’s leadership, the Naira experienced a historic fall, dropping from N950/$1 at his appointment to N1645.626/$1 as of September 12, 2024 – a 117.41% decline. This downward spiral began immediately after his nomination and has persisted throughout his tenure.
Yoruba elders begs Tinubu over CBN governor
The report further added that despite pleas from the Yoruba Elders to retain Cardoso, President Tinubu issued the directive before departing for China. Cardoso’s removal is seen as a response to his inability to address the economic challenges facing Nigeria.
But Onanuga, in a tweet on Tuesday, September 17, said the claim is a lie. His tweet reads:
“It’s all lies. President Tinubu has not asked Yemi Cardoso to resign.”
PDP chieftain calls for Cardoso, Edun’s sack
This comes as the chieftain of the Peoples Democratic Party (PDP), Rilwan Olanrewaju, asked President Tinubu to sack Cardoso and the minister of finance, Wale Edu.
In an exclusive interview with Legit.ng, Olanrewaju said they were appointed because of their personal relationship with the president. His comment reads:
“Mr Cardoso and Wale Edun are two confused people who found their way into power because their godfather rigged his way into Aso Rock, not because they are truly qualified. It’s sad that Tinubu continued from where Buhari stopped. The government of Padi Padi.”
See Onanuga’s tweet here:
Naira vs Dollar: Reno Omokri tackles Binance
Legit earlier reported that Reno Omokri, a PDP chieftain and former presidential aide, has condemned Binance’s allegation that officials in NSA Nuhu Ribadu’s office demanded a bribe from the cryptocurrency company.
Omokri said the allegations were a ploy to escape the prosecution for their criminality because Binance had just admitted to money laundering and other dishonest acts in the US.
The former presidential aide then challenged the cryptocurrency company to name names of the officials who demanded the $150 million bribe at the NSA office.