Presidency denies rumors of President Tinubu asking CBN Governor Cardoso to resign over Naira's decline. Special Adviser Bayo Onanuga refutes claims on social media.
Recent reports suggesting that President Bola Tinubu had requested the resignation of Central Bank of Nigeria (CBN) Governor Yemi Cardoso have been firmly denied by the presidency. The speculation arose amidst concerns over the sharp decline in the value of the Naira.
Bayo Onanuga, Special Adviser on Information and Strategy to President Tinubu, took to social media platform X (formerly Twitter) to address the rumors. In a concise statement, Onanuga declared, "It's all lies. President Tinubu has not asked Yemi Cardoso to resign."
The rumors had gained traction earlier in the day, with various sources claiming that the President had called for Cardoso's resignation due to the currency's poor performance. However, the swift denial from the presidency aims to put these speculations to rest.
The Naira has been under pressure in recent times, leading to increased scrutiny of the central bank's policies and leadership.
The CBN, under Cardoso's guidance, has been working to stabilize the currency and manage inflation. However, external factors and domestic economic pressures continue to impact the Naira's value.
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