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Why the hunt for Godwin Emefiele? by Yemi Saka



Naira Redesign: Falana asks FG to prosecute Emefiele, CBN management

By Deyemi Saka

It is sad that this Buhari-led administration has demonstrated it’s very good at destroying the credentials of persons especially those in the forefront of executing its policies and also have taken heat on many occasions for the government.

They are held responsible for the clumsiness and rudderlessness of the administration as a result of blackmail and imbecilic narratives pushed forward by supporters of Major-General Muhammadu Buhari(retd.) in a bid to shield him from taking responsibility of his failures and chronic knowledge-gap of governance.

The first instance is Walter Samuel Nkanu Onnoghen GCON, the former Chief Justice of Nigeria who was removed from office, but not without causing extensive damage to his reputation in public domain. That was the first time in my life I heard of “naira domiciliary account”(something gleefully syndicated by their unintelligent vuvuzelic supporters) and also when a CJN was removed from office with an ex parte order.


The second instance was the unceremonious removal of Ibrahim Magu from office as the chair of Economic Financial Crimes Commission, EFCC.

Magu was charged and found guilty in public court. He was accused of corrupt enrichment and other sundry matters. Just as it was in the case of Walter Onnoghen, due process was not followed and again, their successors are worse off.

Again, cases against these two were dropped and a sort of apology and appeasement were offered to these two men. Magu was recently promoted.

While CJN Ariwoola and DG Pen Com, Aisha Dahir-Umar is on the waiting list, their latest victim is the Governor of Central Bank of Nigeria, Godwin Emefiele.

I’m wondering why the onslaught on Emefiele? Please do not get it twisted, I am not a fan of his, but Emefiele was retained and reappointed by Buhari because he was doing his bidding.


Every of the CBN’s policy under Emefiele’s leadership was in line with Buhari’s agenda.

True to his (Buhari’s) nature as being the greatest self preservationist known to mankind, he has demonstrated his resolve to throw Emefiele under the bus. He did for his deputy, Yemi Osinbajo.

I must say again that the replacement they have in mind is not to serve the internet of Nigerians through innovative monetary policies initiatives, it is to do their bidding.

The politicians needs cash to spend during the forthcoming elections. We all have it on tape when the Minister of Aviation Hadi Sirika recently at an event boasted “they have a lot of money”


And for DSS, I’m wondering when they will follow up the warning on marketers of petroleum products who they accuse of economic terrorism and also when will they charge the former DG (Lawal Daura) of the agency to court for treason over the invasion of National Assembly during the days of Senator Bukola Saraki as president of the Senate?

I’m forced to ask, why the hunt for Emefiele?

Deyemi Saka a Lead Partner, Lambert and Curtis writes from Abuja, Nigeria

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