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During his first Diaspora engagement with Nigerians living in France, President Bola Tinubu criticized the financial system under the suspended Governor of the Central Bank of Nigeria, Godwin Emefiele, stating that it was “rotten” and allowed a few people to make away with the country’s money while impoverishing the majority of Nigerians.
“The financial system was rotten. Few people were making away with our money…that is gone now; the man (Emefiele) is in the hands of the authorities,” Tinubu said at his first Diaspora engagement with Nigerians living in France.
Tinubu also mentioned the difficulty in the flow of forex in and out of the country.
He promised to implement further financial reforms in the coming weeks and stated that his administration would change the financial system to work for the people.
He said while addressing Nigerian residents in France, “Then, the financial system was rotten. Few people were making away with our money and then you yourselves, stopped sending money home to our poor parents.
“That is gone now. The man (Emefiele) is in the hands of authorities; something is being done about that; they will sort themselves out.
“We have security challenges in the country. Maybe that is how they are fuelling insecurity; we have to look at everything. We will change the financial system; it will work for you.”
Tinubu also expressed his readiness to work with the Republic of Benin towards economic prosperity, emphasizing the need for both countries to recognize that they need each other, especially on issues of trade, security, and border controls.
This article was updated 11 months ago
