Presidency Denies Sacking Emefiele as CBN Governor
Presidency has reportedly denied alleged sacking of
the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The Cable
reports that sources in the presidency on Monday evening, February 4, said
Emefiele still remains the CBN governor.
the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The Cable
reports that sources in the presidency on Monday evening, February 4, said
Emefiele still remains the CBN governor.
Legit.ng
gathered that it was reported by some media organisations that Emefiele
reportedly received a letter from the office of president Muhammadu Buhari to
vacate his office. The online news medium said that sources within the
presidency described the report as false and misleading.
gathered that it was reported by some media organisations that Emefiele
reportedly received a letter from the office of president Muhammadu Buhari to
vacate his office. The online news medium said that sources within the
presidency described the report as false and misleading.
“The president does not have the power to sack the
CBN governor without the approval of the National Assembly,” one of the persons
familiar with the matter was quoted to have said.
CBN governor without the approval of the National Assembly,” one of the persons
familiar with the matter was quoted to have said.
According to the news medium, when likened the
matter to the suspension of Muhammad Sanusi II, the former CBN governor, the
source said: “Suspension is different from sack, and Emefiele has not done
anything wrong to be suspended or asked to proceed on terminal leave.”
matter to the suspension of Muhammad Sanusi II, the former CBN governor, the
source said: “Suspension is different from sack, and Emefiele has not done
anything wrong to be suspended or asked to proceed on terminal leave.”
Section eight
of the CBN Act of 2007 says a CBN governor can be removed by the president
“provided that the removal of the Governor shall be supported by two-thirds
majority of the Senate praying that he be so removed”.
of the CBN Act of 2007 says a CBN governor can be removed by the president
“provided that the removal of the Governor shall be supported by two-thirds
majority of the Senate praying that he be so removed”.
Emefiele’s tenure as CBN governor is expected to
come to an end on June 3, 2019 — five years after his appointment. Another
source said: “The rumour mill is grinding so fast, seeing its exactly three
months to the expiration of his tenure.” It was gathered that Emefiele was in
his office on Monday and no such letter was received by the office of the
governor.
come to an end on June 3, 2019 — five years after his appointment. Another
source said: “The rumour mill is grinding so fast, seeing its exactly three
months to the expiration of his tenure.” It was gathered that Emefiele was in
his office on Monday and no such letter was received by the office of the
governor.
The Nation reports that the Central Bank of Nigeria
(CBN) has dismissed claims that its governor, Godwin Emefiele has been sacked.
Speaking on the purported sack, the director corporate communications of the
CBN, Isaac Okorafor told The Nation that “the governor is in his office
working. I don’t know what you’re talking about.”
(CBN) has dismissed claims that its governor, Godwin Emefiele has been sacked.
Speaking on the purported sack, the director corporate communications of the
CBN, Isaac Okorafor told The Nation that “the governor is in his office
working. I don’t know what you’re talking about.”
Another official of the CBN was quoted to have said
that, “there is nothing like that, the governor is here, his tenure expires in
June. “In fact he has functions to attend to tomorrow, one of which is to meet
with stakeholders in the cotton value chain on Tuesday March 5, 2019.” Emefiele
can be reappointed as the CBN governor based on the discretion of the president
and the approval of the National Assembly.
that, “there is nothing like that, the governor is here, his tenure expires in
June. “In fact he has functions to attend to tomorrow, one of which is to meet
with stakeholders in the cotton value chain on Tuesday March 5, 2019.” Emefiele
can be reappointed as the CBN governor based on the discretion of the president
and the approval of the National Assembly.
Section 10 of the CBN Act prescribes that “the
Governor and Deputy Governors shall be appointed in the first instance for a
term of five years and shall each be eligible for re-appointment for another
term not exceeding five years”.
Governor and Deputy Governors shall be appointed in the first instance for a
term of five years and shall each be eligible for re-appointment for another
term not exceeding five years”.
The act is silent on terminal leave, but it was
learnt that CBN governors do not go on terminal leave due to the sensitivity of
the job
learnt that CBN governors do not go on terminal leave due to the sensitivity of
the job
