CBN principles Emefiele violated
After his suspension, Emefiele was arrested by operatives of the Department of State Security (DSS) for investigation and questioning.
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After his suspension, Emefiele was arrested by operatives of the Department of State Security (DSS) for investigation and questioning.
Thus while the Nigerian Navy is known around the world to be useful in combating illegal fishing in their country’s territorial waters, they are not known for combating illegal pumping of their country’s crude oil through illegal pipelines to vessels on the ocean.
Nigerians encountered challenges with the apex bank policy, with failed transactions, poor network and lack of cash dotting the country’s landscape between January and March.
The CBN Governor, Godwin Emefiele, might have relied on Buhari’s body language to create one of the worse cash crisis in Nigeria’s recent history. But a statement by the presidential spokesman, Garba Shehu, on Monday, might have jolted him, according to a market analyst, Ike Ibeabuchi, who spoke with Dataphyte at night.
The CBN has failed to implement the referenced Supreme Court judgment which nullified the policy and declared it as an affront on the 1999 Constitution.
Several politicians had claimed that Emefiele’s hurried introduction of the naira redesign policy and his watertight implementation were meant to frustrate Tinubu and ensure he did not win the presidential election
At the launch of the rice pyramid yesterday, at Abuja, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele disclosed that 2,160 metric tonnes of rice was imported into the country in 2021.