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The Rise And Fall Of Godwin Emefiele:video and pictures - Politics - Nairaland

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The Rise And Fall Of Godwin Emefiele:video and pictures by Nobody: 7:39am On Jun 11, 2023
The Rise and Fall of Godwin Emefiele: From Central Bank Governor to Political Failure, to a detainee in DSS custody.
Godwin Emefiele, once hailed as a beacon of hope for Nigeria's economic stability, has experienced a dramatic rise and fall in his political career.
As the former Governor of the Central Bank of Nigeria (CBN), Emefiele was tasked with steering the country's monetary policies and safeguarding the financial well-being of its citizens. However, his tenure was marred by controversies, mismanagement, and allegations of corruption, ultimately leading to his suspension and detainment. This article delves into the tumultuous journey of Godwin Emefiele and sheds light on how his actions made life difficult for the Nigerian people.

The Rise of Godwin Emefiele:
Godwin Emefiele's journey to the top began in 2014 when he was appointed as the Governor of the CBN by former President Goodluck Jonathan. Emefiele promised to prioritize the stabilization of the Nigerian economy, combat inflation, and promote sustainable growth. Initially, he received praise for implementing measures to protect the Nigerian naira and boost foreign reserves.

Emefiele's policies, such as restrictions on access to foreign exchange and the establishment of import substitution initiatives, were aimed at stimulating local industries. These efforts gained him support from sectors advocating for economic self-sufficiency. However, as time progressed, it became evident that his policies had adverse effects on the average Nigerian citizen.

The Fall of Godwin Emefiele:
Emefiele's tenure was marked by a series of missteps and allegations of corruption. One of the most significant controversies was the "forex crisis" that unfolded during his time as Governor. The CBN, under Emefiele's leadership, implemented strict foreign exchange controls, resulting in a scarcity of dollars and a thriving black market. This led to an astronomical rise in the exchange rate, negatively impacting businesses, stifling investment, and causing skyrocketing prices for essential commodities.

Moreover, Emefiele faced accusations of mismanagement, financing terrorism,and lack of transparency in the banking sector. Several financial institutions experienced distress, with some even collapsing under his watch. The failure of these banks left depositors in financial ruin, with little to no recourse for their losses. These incidents exposed the fragility and inadequacies of the regulatory system overseen by Emefiele.

Political Foray and Detainment:
Emefiele's controversial tenure as the CBN Governor led to a loss of confidence from both the public and the government. Despite the mounting criticisms, he decided to venture into politics, seeking to contest in Presidential primary election under the ruining (rulling) APC while retaining his position as the CBN governor. However, his political aspirations were met with disdain from the Nigerian populace, who saw him as a symbol of economic mismanagement and elitism.
Following his suspension as the CBN Governor, Emefiele was detained and faced charges of financial impropriety and abuse of office. The allegations against him included diverting funds meant for economic development, manipulating foreign exchange rates for personal gain, and engaging in unethical practices during bank rescues.

Impact on Nigerian Citizens:
Emefiele's tenure and subsequent actions made life increasingly difficult for the Nigerian people. The forex crisis resulted in high inflation, reduced purchasing power, and an increase in the cost of living. Small and medium-sized enterprises struggled to access foreign exchange, hampering their ability to import essential goods and raw materials. The banking sector's instability under Emefiele's watch caused significant losses for depositors, further eroding trust in the financial system.
The emergency and deceptive confiscation of masses deposit under the guise of swapping old currency for a new one with aim of preventing vote buying and curtailing kidnapping and ransome payment by bandits. This was the straw that broke the camel back. No Nigerian would ever forgive Emefiele and the expired BUHARI government of the punishment this policy caused Nigerians. Naira was so scarce and the drivers of the Nation's economy was totally paralyzed. People were using Naira to buy Naira, people could not pay for goods and services in the informal sectors. Curses were rained on Emefiele on daily basis. Some governors took the CBN and the failed president to court and the supreme court gave a verdict that the old currency remains a legal tender, despite this rulling, Emefiele was reluctant to implement the court rulling.
It took a rebuttal by the presidency to deny Emefiele publicly that the Daura general was not a party to the disobedience of supreme court ruling before Emefiele could comply with the said judgement.
Finally:
The rise and fall of Godwin Emefiele serve as a cautionary tale of the consequences of mismanagement, corruption, and a lack of accountability in the leadership of a central bank. While Emefiele initially promised economic stability and growth, his policies and actions led to his utmost fall 🍂🍁.
Indeed, absolute power is transient, the mighty are falling.
Next on the falling mighty list is Abubakar MALAMI, Mele Kyari, Hadi Sirika, Isa Ali Pantami, Hameed Ali. These individuals really dealt a death blows on Nigerians.
Congratulations to all Nigerians that survived their wicked and inhumane policy, the 8 years of the destructive locusts, the 8 years of pandemic grasshoppers, the 8 years of herdsmen killing caterpillars, the 8;years of cankerworms from the Sadeast.
May this PBAT administration favour us and our families and restored the glory of our Nation. Amen.
May the calamity of O-bidiot the pathological liar never befall us in Nigeria, Amen.
May the calamity of Atiku the kleptomania whom all the oil wells in Nigeria cannot satisfy his appetite for wealth and stealing of our resources never befall our nation again, Amen.
In vain shall the Obi-diots labour at the tribunal and supreme court.
In sorrow and tears shall the fraudulent petition of Atiku end, Amen.



https://www.youtube.com/watch?v=XlltuAdPED8

1 Like

Re: The Rise And Fall Of Godwin Emefiele:video and pictures by Khallicopyro: 7:47am On Jun 11, 2023
After you write good thing finish you come chose to end am with yeyeness. You fall my hand. I for no settle down read am if I no say na so e go end

1 Like 1 Share

Re: The Rise And Fall Of Godwin Emefiele:video and pictures by osmosis101(m): 8:01am On Jun 11, 2023
E pain me
Re: The Rise And Fall Of Godwin Emefiele:video and pictures by machote: 8:12am On Jun 11, 2023
People lost their businesses, jobs, lives, sanity because of this man's policies. I would say he had this coming. Still like any soldier, he was still following orders in some ways.

So it's not all his fault.
Re: The Rise And Fall Of Godwin Emefiele:video and pictures by Natajo2021: 8:37am On Jun 11, 2023
Mankindman:
The Rise and Fall of Godwin Emefiele: From Central Bank Governor to Political Failure, to a detainee in DSS custody.
Godwin Emefiele, once hailed as a beacon of hope for Nigeria's economic stability, has experienced a dramatic rise and fall in his political career.
As the former Governor of the Central Bank of Nigeria (CBN), Emefiele was tasked with steering the country's monetary policies and safeguarding the financial well-being of its citizens. However, his tenure was marred by controversies, mismanagement, and allegations of corruption, ultimately leading to his suspension and detainment. This article delves into the tumultuous journey of Godwin Emefiele and sheds light on how his actions made life difficult for the Nigerian people.

The Rise of Godwin Emefiele:
Godwin Emefiele's journey to the top began in 2014 when he was appointed as the Governor of the CBN by former President Goodluck Jonathan. Emefiele promised to prioritize the stabilization of the Nigerian economy, combat inflation, and promote sustainable growth. Initially, he received praise for implementing measures to protect the Nigerian naira and boost foreign reserves.

Emefiele's policies, such as restrictions on access to foreign exchange and the establishment of import substitution initiatives, were aimed at stimulating local industries. These efforts gained him support from sectors advocating for economic self-sufficiency. However, as time progressed, it became evident that his policies had adverse effects on the average Nigerian citizen.

The Fall of Godwin Emefiele:
Emefiele's tenure was marked by a series of missteps and allegations of corruption. One of the most significant controversies was the "forex crisis" that unfolded during his time as Governor. The CBN, under Emefiele's leadership, implemented strict foreign exchange controls, resulting in a scarcity of dollars and a thriving black market. This led to an astronomical rise in the exchange rate, negatively impacting businesses, stifling investment, and causing skyrocketing prices for essential commodities.

Moreover, Emefiele faced accusations of mismanagement, financing terrorism,and lack of transparency in the banking sector. Several financial institutions experienced distress, with some even collapsing under his watch. The failure of these banks left depositors in financial ruin, with little to no recourse for their losses. These incidents exposed the fragility and inadequacies of the regulatory system overseen by Emefiele.

Political Foray and Detainment:
Emefiele's controversial tenure as the CBN Governor led to a loss of confidence from both the public and the government. Despite the mounting criticisms, he decided to venture into politics, seeking to contest in Presidential primary election under the ruining (rulling) APC while retaining his position as the CBN governor. However, his political aspirations were met with disdain from the Nigerian populace, who saw him as a symbol of economic mismanagement and elitism.
Following his suspension as the CBN Governor, Emefiele was detained and faced charges of financial impropriety and abuse of office. The allegations against him included diverting funds meant for economic development, manipulating foreign exchange rates for personal gain, and engaging in unethical practices during bank rescues.

Impact on Nigerian Citizens:
Emefiele's tenure and subsequent actions made life increasingly difficult for the Nigerian people. The forex crisis resulted in high inflation, reduced purchasing power, and an increase in the cost of living. Small and medium-sized enterprises struggled to access foreign exchange, hampering their ability to import essential goods and raw materials. The banking sector's instability under Emefiele's watch caused significant losses for depositors, further eroding trust in the financial system.
The emergency and deceptive confiscation of masses deposit under the guise of swapping old currency for a new one with aim of preventing vote buying and curtailing kidnapping and ransome payment by bandits. This was the straw that broke the camel back. No Nigerian would ever forgive Emefiele and the expired BUHARI government of the punishment this policy caused Nigerians. Naira was so scarce and the drivers of the Nation's economy was totally paralyzed. People were using Naira to buy Naira, people could not pay for goods and services in the informal sectors. Curses were rained on Emefiele on daily basis. Some governors took the CBN and the failed president to court and the supreme court gave a verdict that the old currency remains a legal tender, despite this rulling, Emefiele was reluctant to implement the court rulling.
It took a rebuttal by the presidency to deny Emefiele publicly that the Daura general was not a party to the disobedience of supreme court ruling before Emefiele could comply with the said judgement.
Finally:
The rise and fall of Godwin Emefiele serve as a cautionary tale of the consequences of mismanagement, corruption, and a lack of accountability in the leadership of a central bank. While Emefiele initially promised economic stability and growth, his policies and actions led to his utmost fall 🍂🍁.
Indeed, absolute power is transient, the mighty are falling.
Next on the falling mighty list is Abubakar MALAMI, Mele Kyari, Hadi Sirika, Isa Ali Pantami, Hameed Ali. These individuals really dealt a death blows on Nigerians.
Congratulations to all Nigerians that survived their wicked and inhumane policy, the 8 years of the destructive locusts, the 8 years of pandemic grasshoppers, the 8 years of herdsmen killing caterpillars, the 8;years of cankerworms from the Sadeast.
May this PBAT administration favour us and our families and restored the glory of our Nation. Amen.
May the calamity of O-bidiot the pathological liar never befall us in Nigeria, Amen.
May the calamity of Atiku the kleptomania whom all the oil wells in Nigeria cannot satisfy his appetite for wealth and stealing of our resources never befall our nation again, Amen.
In vain shall the Obi-diots labour at the tribunal and supreme court.
In sorrow and tears shall the fraudulent petition of Atiku end, Amen.



https://www.youtube.com/watch?v=XlltuAdPED8

This man shows us raw pepper oooo. I could remember paying N2k on N15,000 at pos vendor.
Re: The Rise And Fall Of Godwin Emefiele:video and pictures by AfonjaConehead: 11:29am On Jun 11, 2023
Mankindman:
The Rise and Fall of Godwin Emefiele: From Central Bank Governor to Political Failure, to a detainee in DSS custody.
Godwin Emefiele, once hailed as a beacon of hope for Nigeria's economic stability, has experienced a dramatic rise and fall in his political career.
As the former Governor of the Central Bank of Nigeria (CBN), Emefiele was tasked with steering the country's monetary policies and safeguarding the financial well-being of its citizens. However, his tenure was marred by controversies, mismanagement, and allegations of corruption, ultimately leading to his suspension and detainment. This article delves into the tumultuous journey of Godwin Emefiele and sheds light on how his actions made life difficult for the Nigerian people.

The Rise of Godwin Emefiele:
Godwin Emefiele's journey to the top began in 2014 when he was appointed as the Governor of the CBN by former President Goodluck Jonathan. Emefiele promised to prioritize the stabilization of the Nigerian economy, combat inflation, and promote sustainable growth. Initially, he received praise for implementing measures to protect the Nigerian naira and boost foreign reserves.

Emefiele's policies, such as restrictions on access to foreign exchange and the establishment of import substitution initiatives, were aimed at stimulating local industries. These efforts gained him support from sectors advocating for economic self-sufficiency. However, as time progressed, it became evident that his policies had adverse effects on the average Nigerian citizen.

The Fall of Godwin Emefiele:
Emefiele's tenure was marked by a series of missteps and allegations of corruption. One of the most significant controversies was the "forex crisis" that unfolded during his time as Governor. The CBN, under Emefiele's leadership, implemented strict foreign exchange controls, resulting in a scarcity of dollars and a thriving black market. This led to an astronomical rise in the exchange rate, negatively impacting businesses, stifling investment, and causing skyrocketing prices for essential commodities.

Moreover, Emefiele faced accusations of mismanagement, financing terrorism,and lack of transparency in the banking sector. Several financial institutions experienced distress, with some even collapsing under his watch. The failure of these banks left depositors in financial ruin, with little to no recourse for their losses. These incidents exposed the fragility and inadequacies of the regulatory system overseen by Emefiele.

Political Foray and Detainment:
Emefiele's controversial tenure as the CBN Governor led to a loss of confidence from both the public and the government. Despite the mounting criticisms, he decided to venture into politics, seeking to contest in Presidential primary election under the ruining (rulling) APC while retaining his position as the CBN governor. However, his political aspirations were met with disdain from the Nigerian populace, who saw him as a symbol of economic mismanagement and elitism.
Following his suspension as the CBN Governor, Emefiele was detained and faced charges of financial impropriety and abuse of office. The allegations against him included diverting funds meant for economic development, manipulating foreign exchange rates for personal gain, and engaging in unethical practices during bank rescues.

Impact on Nigerian Citizens:
Emefiele's tenure and subsequent actions made life increasingly difficult for the Nigerian people. The forex crisis resulted in high inflation, reduced purchasing power, and an increase in the cost of living. Small and medium-sized enterprises struggled to access foreign exchange, hampering their ability to import essential goods and raw materials. The banking sector's instability under Emefiele's watch caused significant losses for depositors, further eroding trust in the financial system.
The emergency and deceptive confiscation of masses deposit under the guise of swapping old currency for a new one with aim of preventing vote buying and curtailing kidnapping and ransome payment by bandits. This was the straw that broke the camel back. No Nigerian would ever forgive Emefiele and the expired BUHARI government of the punishment this policy caused Nigerians. Naira was so scarce and the drivers of the Nation's economy was totally paralyzed. People were using Naira to buy Naira, people could not pay for goods and services in the informal sectors. Curses were rained on Emefiele on daily basis. Some governors took the CBN and the failed president to court and the supreme court gave a verdict that the old currency remains a legal tender, despite this rulling, Emefiele was reluctant to implement the court rulling.
It took a rebuttal by the presidency to deny Emefiele publicly that the Daura general was not a party to the disobedience of supreme court ruling before Emefiele could comply with the said judgement.
Finally:
The rise and fall of Godwin Emefiele serve as a cautionary tale of the consequences of mismanagement, corruption, and a lack of accountability in the leadership of a central bank. While Emefiele initially promised economic stability and growth, his policies and actions led to his utmost fall 🍂🍁.
Indeed, absolute power is transient, the mighty are falling.
Next on the falling mighty list is Abubakar MALAMI, Mele Kyari, Hadi Sirika, Isa Ali Pantami, Hameed Ali. These individuals really dealt a death blows on Nigerians.
Congratulations to all Nigerians that survived their wicked and inhumane policy, the 8 years of the destructive locusts, the 8 years of pandemic grasshoppers, the 8 years of herdsmen killing caterpillars, the 8;years of cankerworms from the Sadeast.
May this PBAT administration favour us and our families and restored the glory of our Nation. Amen.
May the calamity of O-bidiot the pathological liar never befall us in Nigeria, Amen.
May the calamity of Atiku the kleptomania whom all the oil wells in Nigeria cannot satisfy his appetite for wealth and stealing of our resources never befall our nation again, Amen.
In vain shall the Obi-diots labour at the tribunal and supreme court.
In sorrow and tears shall the fraudulent petition of Atiku end, Amen.



https://www.youtube.com/watch?v=XlltuAdPED8

Re: The Rise And Fall Of Godwin Emefiele:video and pictures by Freedom2023(m): 11:36am On Jun 11, 2023
Natajo2021:

This man shows us raw pepper oooo. I could remember paying N2k on N15,000 at pos vendor.

2k for 15k at the time , and you are complaining? Your own better sef. My area was 2k for 5k
Re: The Rise And Fall Of Godwin Emefiele:video and pictures by Freedom2023(m): 11:37am On Jun 11, 2023
We need a thoroughly bred professor of Economics to handle the CBN please.

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