Step Down Now, Buhari Orders CBN Governor Emefiele, Others

May 12, 2022
Godwin Emefiele
Godwin Emefiele

A circular issued by the Federal Government and signed by Boss Mustapha, the Secretary to the Government of the Federation, has just  added the Central Bank of Nigeria Governor (CBN) Godwin Emefiele  to  the list of federal government appointees to resign over their interest in becoming President in 2023.

The directive aligns with both the Electoral Act 2022 and the Guidelines of the ruling All Progressives Congress (APC) stipulating a minimum of 30 days window for appointees seeking elective offices to resign before an election. APC primary elections will take place in a matter of weeks.

Join our WhatsApp Channel

Emefiele had rejected the N100 million which  he said was purchased for him by those pushing for his candidacy under the platform of the ruling party in 2023.  But a suit, which he purportedly filed against the electoral umpire, the Independent National Electoral Commission (INEC), and the Attorney General of the Federation (AGF) Abubakar Malami, asking not to be prevented from participating in the process as a result of his ambition, made its way into the public domain 24 hours after.

Sources told Prime Business Africa on Thursday that the Presidency is ”particularly unhappy with the suit, from which the CBN governor has not been able to successfully extricate himself as far as the Presidency is concerned.”

Recall that President Muhammadu Buhari had, during Wednesday’s Federal Executive Council Meeting, ordered his ministers seeking political offices in 2023 to resign before Monday May 16, 2022.

At least three ministers, including Minister of State for Education Emeka Nwajiuba and Science Minister Ogbonnaya Onu, have  complied with the directive.

Boss Mustapha’s circular addressed to ”Ministers, Heads of Government Agencies, Ambassadors and other Appointees with political ambitions” was dated May 11, 2022, and specifically asked ”all  heads of extra-ministerial departments, Director-general/chief executive officers  of parastatals, agencies and government-owned companies” who have political ambition  ”to tender their  resignation on or before Monday, the 16th of May, 2022.”

Uduegbunam Chukwujama
+ posts

Featured Stories

Why CBN Retained Bencmark Interest Rate At 27.5%

CBN: Curbing Bank Frauds

By Arize Nwobu The Central Bank of Nigeria ( CBN) is in the forefront and in collaboration with other regulatory institutions to

Latest from News

JAMB Clarifies Rules for University Students Sitting UTME

Nigeria’s Joint Admissions and Matriculation Board (JAMB) has said that students currently enrolled in universities are allowed to sit its entrance examination, but must declare their existing admission during registration. In a statement issued on Tuesday, the exams body said some social

Nigeria Senate Defers Debate on Electoral Act Repeal Bill

Nigeria’s Senate has postponed consideration of a bill seeking to repeal and re-enact the Electoral Act, agreeing to study the proposed legislation in more detail before taking a decision. The move followed debate on the report of the Senate Committee on Electoral
CBN Further Raises Benchmark Interest Rate To 27.25%

CBN Allows Use of Expired Drug Licences

Nigeria’s central bank has approved a temporary measure allowing importers to use expired drug regulatory licences to process import documentation, in a move aimed at preventing disruption to trade. The Central Bank of Nigeria (CBN) said licences issued by the National Agency
Emergency Rule In Rivers: Fubara Urges Residents To Remain Peaceful, Law-abiding

Fubara Denies Backing ADC Candidates Ahead of Bye-election

The governor of Rivers State, Siminalayi Fubara, has denied claims that he is supporting candidates from a rival party ahead of a forthcoming state assembly bye-election. Mr Fubara said reports suggesting he was backing the African Democratic Congress (ADC) were false, insisting
Previous Story

U.S. Education Experts Partner Nigerian Varsities On Joint Degree Programmes

Real Reason Indonesia Suspended All Exports Of Palm Oil
Next Story

Real Reason Indonesia Suspended All Exports Of Palm Oil

Don't Miss

NAICOM Urged To Make Claims Flexible

NAICOM Urged To Make Claims Flexible

The Minister of Finance, Hajya Zainab Ahmed has called

We’ll Remove, Punish Compromised INEC Officials – Chairman To RECs

Chairman of the Independent National Electoral Commission (INEC), Prof Mahmood