Incompetence and illegality are two major factors pointed at when Kingsley Moghalu described Goodwin Emefiele as the worst CBN governor.
Nigeria is one of the few countries where leaders occupy office without thinking of what will happen to them after leaving such juicy positions.
A former deputy governor of the Central Bank of Nigeria, Kingsley Moghalu, has reacted to the report making the rounds about ex-CBN governor, Godwin Emefiele.
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Moghalu, in his reaction described Emefiele, as the worst the CBN governor ever produced in the history of Nigeria.
The former CBN deputy governor, explained why Emefiele is a square peg in a round hole, when he wrote via his verified X handle.
According to Moghalu, Emefiele’s incompetence, performance regarding the stability of the naira exchange rate and inflation.
The “brazen illegal” provision of Ways and Means lending to the government, his “illegal” attempt to run for president.
Also, the “incompetent” manner in which the naira redesign policy was handled as connected to why he has concluded him to be the worst and damaging CBN gov.
“My views on Emefiele’s performance as CBN Governor have been a matter of record,” he said.
“He is, without debate, the worst and most damaging Central Bank Governor in Nigeria’s history.
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He is incompetent and ill-prepared for the role, and from all available information from his actions, severely challenged with integrity.
“Four things make this clear; his performance regarding the STABILITY of the Naira exchange rate, as well as inflation.
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The brazen illegal provisions of Ways & Means lending to @NigeriaGov.
Emefiele’s illegal attempt to run for President, in clear contravention of Section 9 of the CBN Act of 2007, which precludes the Governor and Deputy Governors from engaging in activities outside their functions.
And the incompetent manner in which the Naira Redesign Policy was handled, and its consequent negative, indeed disastrous impact on Nigeria’s economy,” he noted.