Former presidential candidate of the Young Progressive Party (YPP) in the country’s general election in February 2019, Kingsley Moghalu has reacted to the arrest and suspension of Governor of the Central Bank Of Nigeria (CBN), Godwin Emefiele.
Moghalu, in an interview with Arise News on Thursday, stated that Emefiele “crossed the line” when he bought the presidential ticket of the All Progressives Congress (APC) and contested for the presidency.
The former CBN Deputy Governor revealed that contesting for the presidency made Emefiele unfit to continue as the governor of the apex bank.
Moghalu, however, said he has the highest minimal regard for Emefiele’s performance as the CBN governor. He added that the bank’s performance on its core mandates has not been impressive under Emefiele.
READ MORE: Emefiele Got Me Detained For Over 100 Days Because I Exposed Forex Scam – Whistleblower
He said: “We have seen the consequence of not being careful in appointing people for such a sensitive role. They make decisions and are just trying to achieve some self-interest at the particular time but are not weighing the consequence on the masses of an economy. There are lessons to be learned from what we have seen over the last several years.
“You cannot substitute political mandates for statuary mandates of the Central bank. I think it has been sidetracked. What we are seeing today is not a surprise at all.
“I have the highest minimal regard for Godwin Emefiele’s performance as the governor of CBN. The bank’s performance on its core mandates has not been impressive.
“Especially, going to contest for the presidency while sitting on the governorship seat of the bank. I think that just crossed the line and made him unfit to continue.”
