President Bola Tinubu has stated that the country’s financial system was “rotten” while Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN), was in charge.
Tinubu had suspended the CBN governor earlier this month and ordered an investigation into his office.
Emefiele has been in the custody of the Department of State Services (DSS) since then.
The president stated at an interactive session with Nigerians in Paris, France, that steps are being made to resolve the alleged irregularities committed by Emefiele.
“Then the financial system was rotten,” Tinubu said.
“Few people make bags of our money and then you yourself, you stopped sending money home to our poor parents. Several windows… but that is gone now, is gone.
“The man is in the hands of authorities, something is being done about that, they will sort themselves out.”
Tinubu stated that the petrol subsidy should be eliminated since it was enriching a few people.
“They thought it was the joke of the century until I called NNPC. We are tired of feeding smugglers, making a few people rich, and subsidising the next-door neighbour,” President Tinubu said.
“I met with the president of the Benin Republic today. Everybody is equal now, we are friends. We are conjoined twins joined by the hips, how we will separate each other is with this fuel subsidy.
“Let us see whether we will survive or not but we are going to survive you.
“You want money to increase palliative, transportation. What are you protesting about? Are you sharing part of the subsidy? If you protest, I will join you and protest against it. And they stopped. No protest,” he said.
“Palliative we will get but we have to save the money in order to embark on a palliative [measures].”
