Did President Tinubu Ask CBN Gov Cardoso To Resign?

The presidency has refuted reports alleging that President Bola Tinubu had asked Yemi Cardoso to resign from his position as the Governor of the Central Bank of Nigeria (CBN).

The report claimed that the president ordered Cardoso to resign following his inability to stop the poor performance of the economy, most especially, the free fall of the Naira.

Also, the report alleged that Tinubu gave the order to Cardoso before departing Nigeria for China.

However, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, has countered the report suggesting that Tinubu ordered Cardoso’s resignation.

The presidential spokesman spoke via his X handle, describing the report as a “bundle of lies.”

“It’s all lies. President Tinubu has not asked Yemi Cardoso to resign,” Onanuga said while dismissing the report.

Cardoso was nominated as CBN Governor by President Tinubu on September 15, 2023, and assumed office as CBN Governor on September 22, 2023.

He and his deputies were cleared by the National Assembly days before he took over from acting CBN Governor, Folashodun Shonubi.

Cardoso has been under heavy pressure to address the ongoing economic challenges and stabilise the Naira.