President Bola Ahmed-Tinubu has given reasons why the embattled former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele was suspended.
The President, while speaking with Nigerians residing in France, said in an interactive session that the country’s financial system was rotten under Emefiele.
He said it was difficult for many living outside the country to send money to their parents and relatives due to the multiple exchange rates.
Tinubu, however said “that is gone now”.
“Then the financial system was rotten. Few people made bags of money and then you yourself, you stopped sending money home to our poor parents. Several windows. But that is gone now.
“The man is in the hands of the authorities. Something is being done about that. They will sort themselves out.
“We have security challenges in the country. Maybe that is how they are fuelling insecurity; we have to look at everything. We will change the financial system; it will work for you,” Tinubu said.
Tinubu on June 9 suspended Emefiele and ordered relevant agencies to investigate into some allegations leveled against him.
Emefiele was arrested in Lagos and flown to Abuja, by the Department of State Services (DSS), where he is being interrogated.
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