A former spokesperson of Atiku Abubakar’s presidential campaign in the 2023 elections, Mr Daniel Bwala, has called on President Bola Tinubu to remove Dr Olayemi Cardoso as the Governor of the Central Bank of Nigeria (CBN) over the foreign exchange crisis in the country.
Bwala also urged the President to remove top bank executives adding that they belong to the private sector whose primary objective is to make profits.
The Peoples Democratic Party chieftain who has been meeting Tinubu since the assumption of the office made this known on his X account on Friday.
Bwala implored Tinubu to appoint a new apex bank governor who has no bank executive role experience, saying Cardoso “appears to be dancing around the elephant in the room”.
Bwala stated: “The key to dealing blow to Forex crisis against the naira is a bit similar to the Enron Scandal in the US; which also require tough political decision;
“Simply sack all the bank execs; they are the only private sector players posting profits without loss since 2015 to date.
“Make them account for the FX they have been receiving from CBN 2015-2024.
“Force them to pay up all loans (if any) obtained from FGN in one week or seize their assets to recover same.
“Replace them with CBN complaint execs.
“Appoint a new CBN governor without a history of bank exec role who would be ruthlessly committed to this reform (if the present CBN governor is not prepared for that) Cardoso appears to be dancing around the elephant in the room. President Bola Tinubu must succeed with his reform agenda.”
Nigeria battles critical economic conditions resulting from different policies and reforms of the president, but the CBN governor and the economic team have reiterated that the economic programmes will yield results.
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