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Bwala Calls For Sack Of Cardoso

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CBN To Tame Inflation Through Conventional Means 

Former spokesperson of Atiku Abubakar’s presidential campaign in the 2023 elections, Mr. Daniel Bwala, has called for the sack of the Governor of the Central Bank of Nigeria, CBN, Dr Olayemi Cardoso, over the foreign exchange crisis in the country, News About Nigeria reports.

He stated this on his handle on X on Friday, asking President Bola Ahmed Tinubu to also remove top bank executives.

He noted that the CBN governor and others belong to the private sector, whose primary objective is to make profits.

According to him, tough political decisions are needed to deal with the forex crisis against the naira.

He therefore proposed measures that should be meted out to Cardoso and others, including sacking all bank executives, forcing them to pay all loans obtained from FGN in one week, or seizing their assets to recover the same, among others.

“The key to dealing blow to Forex crisis against the naira is a bit similar to the Enron Scandal in the US; which also require tough political decision;

“Simply sack all the bank execs; they are the only private sector players posting profits without losses since 2015 to date.

“Make them account for the FX they have been receiving from CBN 2015-2024, force them to pay up all loans (if any) obtained from FGN in one week or seize their assets to recover same, replace them with CBN complaint execs.

“Appoint a new CBN governor without a history of bank executive role who would be ruthlessly committed to this reform (if the present CBN governor is not prepared for that). Cardoso appears to be dancing around the elephant in the room. President Bola Tinubu must succeed with his reform agenda,” he stated.

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