Emefiele not sacked as CBN governor – Spokesman

Central Bank of Nigeria Governor, Godwin Emefiele
CBN Governor, Godwin Emefiele

The Central Bank of Nigeria (CBN) has debunked rumour that its governor Godwin Emefiele has been sacked.

The rumour followed the decision of the CBN to increase interest rate from 11.5% to 13%, citing rising inflation and the need to avoid a lack of demand for Nigeria’s bonds.

There have been calls for Emefiele’s resignation or sack over his presidential aspiration.

However, reacting to fresh rumour on Wednesday that Emefiele had been relieved of his duties, CBN spokesman Osita Nwanisiobi told Nairametrics that “he is not aware of any sack of the CBN governor.”

It was also learnt that Emefiele is in Davos on official assignment.

The CBN governor had approached a federal court seeking to restrain the bank’s board, the attorney general of the federation and the Independent National Electoral Commission (INEC) from hindering him from running for the office of the president.

Since backing off from his presidential ambition, Emefiele has withdrawn the suit from the court.