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Buhari explains why he didn’t sack CBN Governor over his political ambition

President Muhammadu Buhari has given reasons for not sacking the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over his interest in politics.

Speaking during an interview with Bloomberg on Tuesday, Buhari said the Governing Board of the CBN has the power to determine if the governor erred or not.

Recall that Emefiele was widely criticized some weeks ago after a group purchased the N100 million presidential expression of interest and nomination form of the ruling All Progressives Congress (APC) for him.

In the interview, Buhari said Emefiele faced allegations of “partisanship” because of his “unorthodox” approach to the economy.

He said, “The CBN governor is appointed by the President. But this appointment is subject to confirmation by the Nigerian Senate. Ultimately, it will be for the CBN’s board of directors to determine whether a CBN governor’s actions have fallen foul of the laws in place to ensure he can most effectively carry out his duties.

“But there is a subtext to the accusations. Because the governor follows a model outside of the economic orthodoxy, he is labelled political. But the orthodoxy has proved wrong time and again.

“Instead, the governor is following an alternative economic model that puts people at the heart of policy. Nigeria should be free to choose its development model and how to construct our economy, so it functions for Nigerians.”

Source:rootstv
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