Experts Say Emefiele Should Resign To Preserve CBN’s Credibility 

The Governor of the Central Bank of Nigeria,  Godwin Emefiele, has been urged to resign by economic experts in order to preserve the integrity, credibility, independence, neutrality, and professionalism of the apex bank.

According to them, the partisan disposition of the CBN governor had cast doubts over the credibility, independence, neutrality, and professionalism of the bank.

A statement by the Chief Executive Officer, CPPE, Dr Muda Yusuf, said, “The partisan disposition of the Central Bank of Nigeria Governor, Godwin Emefiele, has cast a dark cloud over the credibility, independence, neutrality and professionalism of the Central Bank of Nigeria.

"It is a troubling development because of the huge reputational risk to the Central Bank of Nigeria and the wider implications for the Nigerian economy.“

He further argued that Nigeria’s economy is under severe strain due to the pandemic, the war in Ukraine and some policies of the CBN.

He therefore urged the CBN governor to do the most respectable thing, which is to resign for the good of the bank and the country’s economy.

“In these circumstances, the most respectable course of action for the Central Bank Governor is to resign in order to preserve the integrity, credibility, independence, neutrality, and professionalism of the CBN. 

"This is also imperative to ensure the trust and confidence of stakeholders in the Central Bank of Nigeria,” Yusuf said.