CBN Denies Launching Plot Against Tinubu
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News - March 13, 2023

CBN Denies Launching Plot Against Tinubu

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has rebuffed claims that he launched a fresh plot against the president-elect, Asiwaju Bola Ahmed Tinubu. 

In a statement signed by the bank’s Acting Director, Corporate Communications, Isa Abdulmumin, the CBN also denied the allegation that Emefiele made a certain amount of money available to the gubernatorial candidate of the Labour Party in Lagos State, Gbadebo Rhodes-Vivour.

The bank warned members of the public to discard the story as it is fake and malicious. It added that the governor has never met or even spoken with Mr Gbadebo Rhodes-Vivour either in person or through proxy.

The apex bank also reiterated that Emefiele does not take part in politics. The statement further urged anyone willing to prove the Governor wrong to come forward with solid information.

Addressing reports, the CBN told the media to allow the Governor and the CBN team to focus on their assigned job with a view to achieving the statutory mandates of the Bank.

Reports on CBN’s attack against Tinubu

Earlier, a media platform reported that N500 million windfall was mobilised through high-level CBN agents in Lagos State. The report added that the money was described as Emefiele’s contribution to the takeover-Lagos-from-Tinubu’s-influence campaign since he has become the president-elect and will be relocating to Abuja.

Recall that the naira redesign policy was earlier described as a calculated attempt by the CBN to ridicule the ruling All Progressives Congress, APC, and its presidential candidate, Asíwájú Bola Tinubu in the 2023 presidential and parliamentary elections.

The plot which according to APC party faithful failed was introduced by the apex bank to reduce the portion of money in circulation outside the banking system, increase the supply of clean notes, make monetary policy more efficacious, limit counterfeiting of the Naira, deepen the cashless policy and support the security forces in fighting terrorism and ransom taking.

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