Dr Muda Yusuf, Chief Executive Officer, Centre for the Promotion of Private Enterprise, CPPE, says the suspension of Mr Godwin Emefiele as the CBN Governor is not a surprise.

Yusuf said the suspension showed that “President Bola Tinubu’s administration is at variance with the policy disposition of the CBN under Emefiele.”

“The monetary and foreign exchange policy thrusts of President Tinubu’s administration is at variance with the policy disposition of the CBN under Emefiele,” Yusuf told NAN on Friday in Lagos.

“President Tinubu was very clear in his inaugural speech about his resentment of some current CBN policies, such as the multiple exchange rate and the Naira redesign policy.

“The president also hinted of a house cleaning plan for the CBN.

“It is impractical to reform the apex bank and review some of its major policies with Mr Emefiele remaining on the seat as governor,” he added.

According to Yusuf, it is logical that the CBN governor be advised to proceed on suspension.

“The truth is that there is a major compatibility issue. The parting of ways was inevitable,” he said.

He said that the brazen involvement of the CBN governor in partisan politics was an aberration and most unbecoming.

According to him, it was damaging to the credibility of the CBN and the reputation of the governor himself.

Tinubu had suspended Emefiele from office with immediate effect on Friday.

This was contained in a statement by Willie Bassey, Director, Information, Office of the Secretary to the Government of the Federation.