Emefiele Sacked? CBN Governor Sacked Here’s what we know

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Has CBN Gov, Emefiele, been sacked? Here’s what we know

There have been speculations that Emefiele , the has been sacked by President Mohammed Buhari, hours after the CBN chief headed the Monetary Policy Committee (MPC) meeting of the financial regulator.

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Osita Nwanisiobi, the Central Bank’s head of corporate communications, has told Ejes Gist Newspaper that rumors about the Governor of the Central Bank, , being sacked are not true.

In a phone chat with Ejes Gist Newspaper , Osita disputed the rumors, saying that “he is not aware of any sacking of the CBN Governor.” Ejes Gist Newspaper also learns that the Governor of the Central Bank of Nigeria is at Davos on official business.

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Several online media blogs have reported on the alleged dismissal of the Governor of the Central Bank of Africa’s largest economy, with some stating that “it was unverified” before publishing.

Ejes Gist Newspaper also checked with additional sources close to the presidency and the governor of the Central Bank of Nigeria to see if the rumors were accurate. All our sources claim no knowledge of a purported sack.

Since declaring his interest in running for President of the Federal Republic of Nigeria, the CBN Governor has come under fire.

Emefiele had petitioned the court to prevent the Nigerian Central Bank Board, the Attorney General of the Federation, and the Independent National Electoral Commission (INEC) from preventing him from running for president.

Following an ex parte action filed by one Nkwo Augustine Eddiego against the Board of the Central Bank of Nigeria and INEC seeking a restraining order, the judge granted the injunction.

However, sources say the Presidency was dissatisfied with his actions, chastising him for dragging INEC to court on a non-existent issue.

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Mr. Emefiele has now dropped his lawsuit against INEC and the Attorney General for excluding him from running for President.


The CBN recently raised the interest rate from 11.5 percent to 13%, citing growing inflation and the need to avert a shortage of demand for Nigerian bonds.

President Goodluck Jonathan suspended Emefiele’s predecessor, Sanusi Lamido Sanusi, when he was governor of the Central Bank of Nigeria.



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