Some few weeks ago, the social media was awash with the news of the impending disengagement of Mr. Godwin Emefiele by the President, Muhammadu Buhari. The news went so viral that the traditional media also caught the bug and gave it another coloration, with various headlines speculating on those that would succeed him. The fake news, as disturbing as it was, temporarily unsettled the polity and financial world, a reminiscence of what happened five years ago when the former President, Goodluck Jonathan, suspended the former Governor of the Bank and now Emir of Kano, Sanusi Lamido Sanusi.
While the international community held its breath, it however took about 48hrs for a senior aide in the Presidency, Femi Adesina, to dispel the fake news. Relief however came when Godwin Emefiele himself spoke during a meeting with Textile and Garment Manufacturers in his office where he announced the suspension of access to forex from the inter-bank forex window for the importation…
