CBN under Buhari was den of corruption; I’ll expose it: Tinubu

President Bola Tinubu on Sunday vowed to expose the rot in the Central Bank of Nigeria (CBN), describing the apex bank under former president Muhammadu Buhari, as a den of corruption.

Buhari, was president between May 28, 2015 to May 29, 2023, with Godwin Emefiele serving as his CBN governor.

“I pledged a thorough housecleaning of the den of malfeasance the CBN had become. That housecleaning is well underway,” Tinubu said in his Independence day broadcast.

According to Tinubu, a new leadership of the apex bank was constituted and they would make public finding on the rot in the CBN.

“A new leadership for the Central Bank has been constituted. Also, my special investigator will soon present his findings on past lapses and how to prevent similar reoccurrences,” Tinubu said.

Tinubu’s statement comes months after he sacked Emefiele and ordering a probe into the ousted CBN governor’s leadership.

Emefiele spent over two months in detention before he was charged for illegal possession of fire arms after Tinubu’s government came under criticisms for detaining him illegally.

Speaking in a meeting with Nigerians in Diaspora, days after he fired Emefiele, Tinubu said the ousted CBN governor oversaw a “rotten financial system” in which a few persons made “bags of money.”

“The financial system was rotten. Few people making 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, he said.”

“The man [Emefiele] is in the hands of authorities, something is being done about that, they will sort themselves out.”