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Tinubu opens up on Emefiele’s suspension, arrest


Tinubu opens up on Emefiele’s suspension, arrest

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President Bola Tinubu, on Friday, opened up on the recent suspension and arrest of the embattled Central Bank of Nigeria Governor, Godwin Emefiele.

Tinubu said that the country’s financial system under Emefiele “was rotten”.

Tinubu earlier June, suspended Emefiele and ordered a probe of his office.

Emefiele has since then been in the custody of the Department of State Services.

The President, who spoke at an interactive session with Nigerians in Paris, France, said measures were being taken to right the alleged irregularities and wrongs done by Emefiele.

Tinubu said, “Then the financial system was rotten.

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

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

He added that fuel subsidy had to go because it was only enriching a few people.

The President said, “They thought it was the joke of the century until I called NNPC. We are tired of feeding smugglers, making a few people rich, and subsidising the next-door neighbour.

“I met with the president of the Benin Republic today. Everybody is equal now, we are friends. We are conjoined twins joined by the hips, how we will separate each other is with this fuel subsidy.

“Let us see whether we will survive or not but we are going to survive you.”

He also disclosed that the Federal Government was working to make provisions that would cushion the effect of the removal of fuel subsidy.

Tinubu said, “You want money to increase palliative, transportation. What are you protesting about? Are you sharing part of the subsidy? If you protest, I will join you and protest against it. And they stopped. No protest.

“Palliative we will get but we have to save the money in order to embark on a palliative [measures].”