The 29 May 2023 inauguration of a new set of power wielders highlighted once again the transient and ephemeral nature of political power. Political power is
said to be transient because, like a candle in the wind, it is fleeting and impermanent. It is there one moment with all its glow and beauty, and gone the next twinkle of an eye. It is ephemeral because its duration is quite short. Even if you were to hold an office for 20 years, it will one day come to an end, and the period in which the office is held will seem insignificant in the scheme of things.
Perhaps the recent suspension and detention of Godwin Emefiele, the CBN Governor from 4 June 2014 until he was relieved of the position by President Tinubu on 9 June 2023, dramatizes the transient nature of power. Emefiele became the first public official from the Buhari era that the Tinubu government went after.
There is a general belief that Emefiele committed a number of infractions while in office, including taking over functions that should ordinarily be performed by the Ministries of Agriculture and Water Resources in a bid to ingratiate himself to some power brokers from the North. He particularly annoyed many Nigerians when he tried to take part in the APC’s presidential primaries while still clinging to his office as CBN Governor.
Two, it will be difficult for Emefiele’s suspension not to be linked to vendetta. During the campaigns, there was a general belief by supporters of Bola Tinubu, that Emefiele’s Naira re-design policy was targeted at Tinubu who was believed to have the heaviest war chest for vote buying.
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