Tony Elumelu Debunks News Around His Probable CBN Appointment 

Tony Elumelu, Chairman of the United Bank for Africa Group, has firmly denied recent reports that he is being considered for the position of Central Bank of Nigeria’s governor. These reports surfaced following claims made by Imran Muhammed, a member of the All Progressives Congress (APC), suggesting that President Bola Ahmed Tinubu was contemplating Elumelu’s appointment to the role.

However, Elumelu took to his official social media platform (formerly Twitter) to swiftly respond, categorically labeling the claim as fake news.

However, in response to Muhammed’s claim, Elumelu took to his official social media platform, formerly known as Twitter, and unequivocally declared the assertion as fake news. He said, “LOL. No, please. This is false news!”

Elumelu’s visit to Tinubu

Meanwhile, earlier this week, Elumelu made a courtesy visit to the presidential villa to meet with Tinubu. During their meeting, the prominent business figure commended certain economic choices made by the president and expressed that these decisions have been encouraging for the private sector.

Speaking to reporters after his Tuesday meeting with Tinubu, the founder of the Tony Elumelu Foundation expressed his belief that, over time, Nigerians will reap the benefits of these decisions.

Back story

After the suspension and arrest of Godwin Emefiele as CBN governor in June, Folashodun Shonubi assumed the position in an acting capacity while the chief remains detained by the Directorate of State Security (DSS). Additionally, on July 30, the central bank came under investigation by a special investigator, Jim Obazee, who was appointed by President Bola Ahmed Tinubu.