Tinubu Cabinet: Sanusi Favored Over Tony Elumelu, Wale Edun As CBN Governor

Sanusi has been reportedly favored over Tony Elumelu and Wale Edun as CBN Governor in Tinubu Cabinet

 

NewsOnline reports that Sanusi Lamido Sanusi will most likely return as the next Governor of the Central Bank of Nigeria (CBN) in Tinubu Presidency, insiders have confirmed.

 

This online newspaper had earlier reported that Asiwaju Bola Ahmed Tinubu, the president-elect of Nigeria is already assembling his cabinet. There are also strong indications that he may not be including any member of President Muhammadu Buhari’s administration in his cabinet.

 

ALSO: Fresh N20 Billion Fraud Scandal Rocks NNPC Under Mele Kyari Leadership

 

This recent development which may come as a surprise to many who are already forecasting the return of some prominent members of Buhari’s cabinet is according to inside sources within Tinubu’s caucus a stand the President-elect has taken in order to play safe.

 

NewsOnline Nigeria had earlier reported that Femi Gabjabiamila (current Speaker of the House of Reps) was being considered to serve as Tinubu’s Chief of Staff. In the report which has now gone viral, we noted that Gbajabiamila has already resumed the role, acting in the capacity as Chief of Staff to the President-elect.

 

Sources further informed this newspaper that another critical role to which Asiwaju Bola Ahmed Tinubu is sentimentally attachment to is the office of the Governor of Central Bank of Nigeria. Reliable information available to ENigeria Newspaper suggests that three names were mentioned, Tony Elumelu, a Nigeria economist, founder of Heirs Holdings and Chairman of United Bank of Africa (UBA); Wale Edun, an astute banker who was a one-time Commissioner for Finance when Bola Ahmed Tinubu held sway as the Governor of Lagos State and Sanusi Lamido Sanusi an ousted Governor of the CBN under President Goodluck Jonathan.

 

Among the three names mentioned, ENigeria Newspaper understands that the later came highly recommended for the job.

Sanusi whose specializes in risk management in banking, also enjoys the blessing of Governor Nasiru El Rufai of Kaduna State who has the ears of the president-elect, the source revealed.

 

Although Tinubu is yet to name his preference, there are very strong indications that Sanusi is likely going to be favourred.

Considered as a credible technocrat with strong character to sanitise the banking/financial sector now left limping following Emefiele’s bungled Naira swap policy. Tinubu camp, believed to be fiercely opposed to Emefiele not only because of the Naira redesign policy alleged to be targeted against the APC in the February 25 presidential poll, hold strongly that the nation’s economy is worse off after Emefiele’s policy as indicators suggest.

 

You would recall that as CBN governor between 2009 and 2014, Sanusi’s strong, independent leadership of the apex bank ensured relative stability of the financial market, especially after the turbulence of the global financial crisis of 2008/2009. Naira’s value stabilised around N155 to $1 for four years.