The presidency has dismissed a viral report claiming that President Bola Tinubu asked Central Bank of Nigeria (CBN) Governor Yemi Cardoso to resign.
An online business publication had alleged that the President requested Cardoso’s resignation due to his failure to revive the economy and stabilize the naira, a year after assuming the role.
The report further stated that Cardoso had allegedly promised to shore up the value of the naira to a range of N700 to N900 per dollar by May 2024, a target that was not met, leading to Tinubu’s purported disappointment.
However, Bayo Onanuga, Special Adviser to President Tinubu on media and strategy, refuted the claims on his X (formerly Twitter) handle, calling them a “bundle of lies.”
Onanuga posted, “It’s all lies. President Tinubu has not asked Yemi Cardoso to resign.”
This denial comes amidst increased scrutiny of Nigeria’s economic challenges and the CBN’s ongoing efforts to stabilize the naira and improve the country’s financial standing under Cardoso’s leadership.