By Nik OgbulieCalculated calmness or what has been described in some quarters as absolute conspiracy may have been the burden of Dr Godwin Emefiele, suspended Central Bank of Nigeria (CBN)Governor, whose replacement was announced yesterday, raising several questions over the nomination and the sincerity of the Tinubu administration over his trumpeted reforms on rule of law.MoneyReport Intelligence can reveal that tacit withdrawal of the governor’s appointment may have been negotiated in exchange for an abeyance of all the alleged infractions standing before him at the court. Our usually reliable sources have indicated that several exit options may have been considered between government and Emefiele without much fanfare so that government would look good before the public and the international financial institutions as new replacement begins to settle down to join the minister of finance as delegates to the World Bank Annual Meetings in Marralesh, Morocco early October.It is believed within top financial circles that the continued suspension of Emefiele without a replacement will further contribute to the conflicting image of the new Nigerian leadership within the premises of the Bretton Woods institutions whose huge credits to Nigeria will be part of the leading discussions between Nigeria and the multilateral institutions.There are strong indications that the World Bank and the IMF are very much aware of the crisis at the CBN and the Nigerian Finance and Economic Ministry as some of the major documents required by the World Bank and IMF and theif agencies in lieu of the global financial conference have not been received.There is a palpable silence that the current development may affect all the economic indexes already in the works which have been pointing south since the last few days in reaction to the conflicting reports about the whereabout of the Treasurer of Africa’s biggest economy and the bogus allegations which have remained largely inexplicable by the Nigerian legal system.Our usually authentic sources are of the belief that the nomination of Yemi Cardoso could not have been made without due reference to the laws based on the fact of the pledge made by the Tinubu administration over rule of law, indicating that a classic resolution may have been achieved . Top Nigerian politicians have kept mum over the development which they noted would result to the country having a new Governor of the apex bank confirmed within the week.A source close to the IMF told MoneyReport that it is not funny that this development is coming at a time the CBN is at the crossroads based on several over-lapping activities relevant to the financial health of one the highly Indebted countries.Looking at the country’s debt to GDP ratio which has risen to about 65% the Nigerian economy is known to have continued to drift since the last twelve years with special reference to very high inflationary trend and sporadic poverty level.It is obvious that all eyes will be on the Nigetian delegates at the next World Bank Meetigs.
