Former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has described Godwin Emefiele as the worst governor of the central bank.
Emefiele failed to assure Naira stability, engaged in unlawful lending activities, ran an unapproved presidential campaign, and bungled the Naira redesign strategy, according to Moghalu.
In a post on X, Moghalu argued that Emefiele was unprepared for the office of CBN governor.
According to Moghalu: “The foregoing notwithstanding, my views on Emefiele’s performance as CBN Governor have been a matter of record even when many now opining on the matter of his performance on the job was mute.
“He is, without debate, the worst and most damaging Central Bank Governor in Nigeria’s history- incompetent and ill-prepared for the role, and from all available information from his actions, doubtlessly severely challenged with integrity.”
His comment follows an investigative report on the CBN which indicted Emefiele of misappropriation of funds.