President Bola Tinubu on Friday has opened up on why he suspended Godwin Emefiele as the Governor of the Central Bank of Nigeria (CBN).
Tinubu spoke during an interactive session with Nigerians resident in France and neighbouring European countries.
The President said the country’s financial system under Emefiele was rotten.
He said the system allowed few people to make money illegally while Nigerians in the diaspora were unable to send money home because of multiple exchange rates.
President Tinubu however said such happenings have now become things of the past as the person responsible for such is in the hands of the law enforcement agents.
He said: “Then the financial system was rotten. Few people making bags of our money and then you yourself, you stopped sending money home to our poor parents. Several windows… but that is gone now, is gone.
“The man is in the hands of authorities, something is being done about that, they will sort themselves out.”
DAILY GIST reported that Emefiele was suspended “sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy” according to a statement issued by the Secretary to the Government of the Federation, George Akume.
Emefiele, has since been detained by the Department of State Services, DSS following his suspension.