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Nigeria News

Nigeria’s Financial System Was Rotten, President Tinubu Speaks On Emefiele’s Arrest

Emmanuel Atseyinku
Last updated: June 25, 2023 9:01 am
By Emmanuel Atseyinku
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President Bola Tinubu says the country’s financial system in the hands of Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN), “was rotten”.

Earlier in the month, Tinubu suspended the CBN governor and ordered a probe of his office.

Since then, Emefiele has been in the custody of the Department of State Services (DSS).

Speaking at an interactive session with Nigerians in Paris, France, the president said measures are being taken to address the alleged irregularities done by Emefiele.

“Then the financial system was rotten,” Tinubu said.

“Few people make bags of our money and then you, you stopped sending money home to our poor parents. Several windows… but that is gone now, is gone.

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“The man is in the hands of authorities, something is being done about that, they will sort themselves out.

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