Presidency Accuses Emefiele of Stealing billions from Nigeria’s foreign reserve without approval

By Miracle Ogunde

The Presidency has accused the immediate past Central Bank of Nigeria, (CBN) governor, Godwin Emefiele, of stealing billions from the country’s foreign reserve without seeking the approval of former President, Muhammadu Buhari.

Presidential spokesperson, Ajuri Ngelale, disclosed this in an interview with TVC, saying Emefiele was unchecked because he was in charge of most of CBN’s operations.

According to him, Emefiele succeeded in depleting Nigeria’s foreign reserve because he was the then CBN governor and the chairman of the apex bank’s board of trustees.

Ngelale said: “What was done concerning the expenditure of billions of dollars from the foreign reserves was done largely without the approval or knowledge of President Muhammad Buhari and President Bola Tinubu.

“Yes, that might seem hard for some people to believe, but I want to explain how that could have happened.

“We have one of the few Central Banks in the world where the day-to-day CEO was the governor of the Central Bank and was also the chairman of the board of directors. He was essentially overseeing himself.”