Emefiele: The tortoise wants to marry the King’s daughter | TheCable

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[OPINION BY FESTUS ADEDAYO] Emefiele: The tortoise wants to marry the King’s daughter | TheCable

Yoruba Awurebe music maestro, Alhaji Dauda Epo Akara. The malady is unexampled for its cunning. In it, Central Bank of Nigeria governor, Emefiele, seeks to disadvantage others in the scramble for Nigeria’s number one office, simply because he holds the key to the Nigerian vault and opens it at will to President Muhammadu Buhari, his home and a coterie of hangers-on.

In the last two weeks, politics, with Buhari superintending, has faced a major deconstruction. The jostle for the presidential office examples this. Though you will say that the shenanigan of political office is as old as Nigerian politics, what Nigerians have witnessed in the last few weeks is weird, grim and combined, have deconstructed the highest office in the land as a hub of dirty and petty intrigues.

In saner societies, Buhari, with constitutional powers to sanction his ministers for being in possession of unexplained money and unexampled lust for power, especially with the ministers’ nil cognizable track record of performance, should have been the first to wield the big stick against those appointees.

Emefiele’s economic and financial strategy which he self-tags as ‘heterodox’ or homegrown, has worsened the fate of the naira as against other foreign currencies. Today, the naira is struggling to be at par with the worthlessness of the Zimbabwean dollar. He holds views on exchange rate policy and command economics that have individually benefitted a tiny strand of Buhari’s powerful kitchen cabinet.

 

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