Hardship: Sack CBN gov, Cardoso – Bwala tells Tinubu how one can resolve foreign exchange disaster

A former spokesman of the Atiku-Okowa presidential marketing campaign council, Daniel Bwala, has urged President Bola Tinubu to sack the Governor of the Central Financial institution of Nigeria, CBN, Yemi Cardoso.

Bwala stated Tinubu ought to substitute Cardoso with somebody with out historical past of financial institution government function who can be ruthlessly dedicated to reforms.

He made the decision whereas figuring out how one can cope with the Foreign exchange disaster within the nation.

Posting in X, Bwala wrote: “The important thing to dealing blow to Foreign exchange disaster towards the naira is a bit just like the Enron Scandal within the US; which additionally require robust political resolution.

“Merely sack all of the financial institution execs; they’re the one non-public sector gamers posting income with out loss since 2015 so far.

“Make them account for the FX they’ve been receiving from CBN 2015-2024.

“Power them to pay up all loans (if any) obtained from FGN in a single week or seize their property to get well similar,

“Exchange them with CBN grievance execs.

“Appoint a brand new CBN governor with out a historical past of financial institution exec function who can be ruthlessly dedicated to this reform (if the current CBN governor will not be ready for that) Cardoso seems to be dancing across the elephant within the room.
@officialABAT should succeed together with his reform agenda.”