Why President Tinubu Can’t Remove Emefiele As CBN Governor- Human Rights Lawyer, Effiong Reveals

Why President Tinubu Can’t Remove Emefiele As CBN Governor- Human Rights Lawyer, Effiong Reveals

Written By Oshiobugie Omo-Ikirodah

Popular human rights lawyer, Inibehe Effiong has revealed why President Tinubu can’t remove the embattled Governor of the Apex Bank, Godwin Emefiele. CONTINUE READING

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On Friday, Emefiele was suspended by President Tinubu as revealed by an insider of the Aso Rock. DSS also apprehended him and currently, he is facing ten heavy allegations.

Inibehe Effiong revealed why Tinubu can’t remove Emefiele immediately. CONTINUE READING

In his words, he said; 

“Godwin Emefiele corrupted the CBN and made nonsense of our exchange rates and forex market. The fiscal and monetary policies of the CBN under him did not help the country. However, Mr. Tinubu cannot remove him by virtue of Section 11 of the CBN Act without recourse to the Senate.”

“I’m aware of a subsisting judgment of the Federal High Court in Sanusi’s case, where it was held that while the President cannot remove the CBN Governor unilaterally, he can exercise disciplinary control over him, which includes suspension. That judgment is the law on the issue.”

“My view is that since the CBN Act does not envisage the suspension of the Governor by the President, and given the need for institutional independence of the CBN which cannot be guaranteed without security of tenure of the governor, the President shouldn’t be able to suspend.”

“This is however my personal view and is subject to the subsisting judgment of the Federal High Court. As a citizen, I do not see Emefiele as a fit and proper person to lead the CBN. He should render account of his stewardship and be thoroughly held accountable for his misdeeds.”

Source: Bushradiogist