Governors Will Abuse State Police - Shehu Sani
Shehu Sani

Emefiele Suspension: Engage Independent Auditors For CBN ‘House Cleaning’, Shehu Sani Tells Tinubu

11 months ago
1 min read

Following the suspension of Godwin Emefiele as governor of the Central Bank of Nigeria (CBN), a former Senator representing Kaduna Central District, Shehu Sani, has urged the Tinubu led-Federal Government to engage the services of independent auditors, to probe activities of the apex bank during Buhari’s administration.

READ ALSO: Tinubu’s Suspension Of CBN Governor Sparks Controversy, Mixed Reactions

Sani made this submission in a statement on his Twitter handle on Saturday morning, while reacting to the suspension of Emefiele as CBN governor.

Emefiele was officially suspended from his office on Friday, 9 June by President Tinubu. A statement signed by Wilson Bassey, a director of Information at the office of the Secretary to the Government of the Federation (SGF), had directed him to hand over to Folashodun Adebisi Shonubi with immediate effect.

Emefiele’s suspension is pending the conclusion of investigations on issues about his office.

Prior to the appointment of Mr Shonubi, he was Deputy Governor, CBN Operations.

READ ALSO: 6 Quick Facts About New CBN Acting Governor, Folashodun Adebisi Shonubi

Sani, who commended the suspension of Emefiele said the action is not enough. According to him, the CBN needs thorough house cleaning and that can only be done by engaging auditors from outside the apex bank.

He alleged that the CBN was high-jacked by a cabal of elites who used it as a cash cow to enrich themselves.

He said: “The eviction of Emefiele is commendable. The appointment of Shonubi as acting Governor is commendable.”

“But the House cleaning of the CBN can only be done by engaging a team of auditors from outside of the CBN. Only they can professionally and thoroughly probe the apex Bank and tell the country how the Bank was run under Buhari’s Emefiele.

“The CBN was operated as an ATM of the Cabal, a Canteen and Cash Cow of the parasitic elites of the past administration,” Sani stated.

Victor Ezeja is a passionate journalist with six years of experience writing on economy, politics and energy. He holds a Masters degree in Mass Communication.


MOST READ

Follow Us

Latest from Business

CBN, Fintechs And Money Laundering

CBN, Fintechs And Money Laundering

An important development that occurred in the financial services industry the other week went largely unreported in the press; perhaps because the media is still engrossed in all the corruption dramas of
How Govt Palliative Worsening Food Inflation- CBN Gov

How Govt Palliatives Push Food Inflation – CBN

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that the government’s large-scale purchase of foodstuffs as palliatives is contributing to the country’s rising food inflation. This statement was

Don't Miss

Emefiele Fraud: Court Adjourned Alleged Procurement Case Till June 24

Emefiele Fraud: Court Adjourned Alleged Procurement Case Till June 24

The Federal Capital Territory high court postponed the