The Special Adviser to President Tinubu on Information and Strategy, Bayo Onanuga, on Tuesday debunked an online medium’s news that President Bola Tinubu had ordered the Central Bank Governor, Mr. Yemi Cardoso, to tender his letter of resignation based on poor performance.
The online medium had reported that the President gave the order before his recent trip to China.
It reported: “Almost a year in the saddle, President Bola Tinubu has ordered Olayemi Cardoso to resign his appointment as the Governor of the Central Bank of Nigeria (CBN) owing to his inability to stop the poor performance of the economy, most especially, the free fall of Nigeria’s currency, the Naira.
“The president gave the marching order to Cardoso before he left Nigeria for China, rebuffing the pleas and pressure from the acclaimed Yoruba Elders who had risen to Cardoso’s support to save his job. Cardoso, who reportedly secured the nomination for the plum job through the Yoruba Elders, allegedly lacks the knack to turn around the troubled institution and the poor economy he inherited.
“Cardoso’s undoing, according to insiders, is his inability to live up to the promise he made to President Tinubu in January to salvage the Naira and return it to between N700 and N900 to $1 before May 29, 2024, and also, save the economy from the ruins it currently lays”, it claimed.
However, Onanuga, who debunked the news on Tuesday in a post via his account on the X platform, maintained: “It’s all lies. President Tinubu has not asked Yemi Cardoso to resign.”
