Nigerian President, Bola Ahmed Tinubu says, the multiple exchange rates in the country is gone for good.
Tinubu stated this during an interactive session with Nigerians residing in France and neighbouring countries on Friday while reacting to the suspension of the former CBN Governor, Godwin Emefiele.
He said the financial system was rotten under Godwin Emefiele.
The President revealed that many of those living outside the country were unable to send money to their parents and relatives due to the multiple exchange rates, saying that is gone now.
“Then the financial system was rotten. Few people made bags of money and then you yourself, you stopped sending money home to our poor parents. Several windows. But that is gone now. It’s gone.
“The man is in the hands of the authorities. Something is being done about that. They will sort themselves out,” he said.
Recall that Tinubu had on June 9, suspended Emefiele to allow for investigation into some allegations leveled against him.
The former CBN Governor was subsequently arrested in Lagos State and flown to the Federal Capital Territory, Abuja, by the Department of State Services where he is being interrogated.
