Emefiele worst CBN gov in Nigeria’s history – Moghalu

A former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu, has described Godwin Emefiele as the worst governor of the apex bank.

Moghalu said Emefiele failed to maintain Naira stability, illegal lending practices, an unauthorised presidential campaign, and mishandling the Naira redesign policy.

In a post on X, Moghalu said Emefiele was ill-prepared for the role of the CBN governor.

According to Moghalu: “The foregoing notwithstanding, my views on Emefiele’s performance as CBN Governor have been a matter of record even when many now opining on the matter of his performance on the job was mute.

“He is, without debate, the worst and most damaging Central Bank Governor in Nigeria’s history- incompetent and ill-prepared for the role, and from all available information from his actions, doubtlessly severely challenged with integrity.”

His comment follows an investigative report on the CBN which indicted Emefiele of misappropriation of funds.