“It’s All Lies” – Tinubu Has Not Asked Cardoso To Resign As CBN Governor – Onanuga

The presidency has denied a report that claimed President Bola Tinubu asked the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, to resign.

The Special Adviser to President Tinubu on Information and Strategy, Bayo Onanuga, issued the denial on Tuesday in a post via his account on the X platform.

According to the presidential aide, the claim is a lie.

“It’s all lies. President Tinubu has not asked Yemi Cardoso to resign,” he wrote.

The denial is a direct reply to a report by an online medium (not Naija News), which claimed the President asked Cardoso to resign as the CBN Governor following his inability to stop the poor performance of the economy, including the naira’s poor performance.

The said report had claimed President Tinubu gave the directive before his trip to China.

The report claimed that; “Almost a year in the saddle, President Bola Tinubu has ordered Olayemi Cardoso to resign his appointment as the Governor of the Central Bank of Nigeria (CBN) owing to his inability to stop the poor performance of the economy, most especially, the free fall of Nigeria’s currency, the Naira.

“The president gave the marching order to Cardoso before he left Nigeria for China, rebuffing the pleas and pressure from the acclaimed Yoruba Elders who had risen to Cardoso’s support to save his job. Cardoso, who reportedly secured the nomination for the plum job through the Yoruba Elders, allegedly lacks the knack to turn around the troubled institution and the poor economy he inherited.

“Cardoso’s undoing, according to insiders, is his inability to live up to the promise he made to President Tinubu in January to salvage the Naira and return it to between N700 and N900 to $1 before May 29, 2024, and also, save the economy from the ruins it currently lays.”

However, Onanuga on Tuesday, categorically denied such claims.