Uneasy calm at CBN as officials grapple with integrity issues | The Guardian Nigeria News - Nigeria and World News Emefiele Naira DSS CBN Nigeria
• CBN, DSS downplay, dismiss Emefiele’s arrest saga as speculative
Other sources at the bank and the Department of State Services also downplayed the ordeal facing the CBN boss, describing the information in public space as speculations. Also, a CBN official, who spoke to The Guardian on condition of anonymity, said no official of the bank was grilled, adding that all senior staff were at their duty posts.
“Look, the CBN has a bigger fish to fry than respond to news items that lack ingredients of good journalism and ethics. The inflation figures came down a bit as shown in the National Bureau of Statistics report that was released on Monday. That, for the CBN, is the focus and that should be the focus of the media and Nigerians,” the source said.
The expert, who has been extremely wary about the conduct of the CBN governor in recent months, said it would take some time before confidence returns to the market and the CBN. “The assumption is that the government is up in arms against itself. It creates confusion, which affects the financial market, exchange rate market, stock market and the entire economy. People begin to lose faith in the economy. It will take a long time before confidence returns to the economy and the CBN itself. This is because people have got away with the impression that the bank has badly run the economy. It does not matter whether it is true or not.
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