A former spokesperson of Atiku Abubakar’s presidential campaign in the 2023 election, Daniel Bwala, has urged President Bola Tinubu to oust Dr. Olayemi Cardoso as the Governor of the Central Bank of Nigeria over the foreign exchange crisis in the country.
He also asked the President to remove top bank executives from the private sector whose primary motive is profit.
This was contained in a statement released on Bwala’s official X handle on Friday.
The Peoples Democratic Party chieftain, who has been meeting Tinubu since the assumption of the office, suggested the appointment of a CBN governor who has no bank executive role experience, saying Cardoso “appears to be dancing around the elephant in the room”.
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Bwala wrote: “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 the 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.”