The Presidency has denied a report that President Bola Ahmed Tinubu told the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, to resign as a result of the continued fall of naira in the foreign exchange market.
Some online reports claimed that President Tinubu had ordered Cardoso to resign his appointment as the CBN governor owing to his inability to stop the poor performance of the economy, most especially, the free fall of country’s currency, the Naira.
The reports said that several Yoruba elders intervened but that the President stood his ground.
The report claimed that Cardoso’s sin was his inability to live up to the promise he made to President Tinubu in January to salvage the Naira and return it to N700-N900 to $1 before May 29, 2024, and also, save the economy.
However, the Special Adviser to President Tinubu on Information and Strategy, Bayo Onanuga refuted any such order to resign.
“It’s all lies. President Tinubu has not asked Yemi Cardoso to resign,” Onanuga wrote.