Politics
Nigerians React As Kingsley Moghalu Criticizes Godwin Emefiele’s Performance As CBN-Governor (Details)
Kingsley Moghalu, the former deputy governor of the Central Bank of Nigeria (CBN), has expressed his criticism of Godwin Emefiele, the embattled ex-CBN Governor. In a detailed post on Saturday via his verified handle, Moghalu outlined the reasons why he considers Emefiele the worst CBN governor in Nigeria’s history….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

Moghalu raised concerns about a report, purportedly from a CBN investigation appointed by President Bola Tinubu, that became public without a signature and without the President or his administration commenting on it. He cited Emefiele’s incompetence, performance regarding the stability of the naira exchange rate and inflation, the “brazen illegal” provision of Ways and Means lending to the government, Emefiele’s “illegal” attempt to run for president, and the “incompetent” handling of the naira redesign policy as factors contributing to his conclusion.
While acknowledging that the report’s authenticity is uncertain, Moghalu criticized its leakage to the public before a review by the President, describing it as a media trial that prejudices the rights of individuals named. He emphasized that the central bank is a sensitive institution, and confidence in it has practical consequences for Nigeria’s economy.
Moghalu called for a holistic approach to combating corruption, suggesting that other sensitive entities such as the Nigerian National Petroleum Corporation (NNPC) should also undergo rigorous scrutiny. He stressed the need for a complete overhaul of Nigeria’s political leadership culture and governance, emphasizing that the current approach to Emefiele’s case is not the optimal path when scrutinized closely.
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