President Muhammadu Buhari has not sacked Governor of Central Bank of Nigeria, Godwin Emefiele.

Reports had trended on social media that Emefiele reportedly received a letter from the office of President Muhammadu Buhari to vacate his office.

But a source within the presidency, who said there was no truth in the reports, stated that the president does not have the power to sack the CBN Governor without the approval of the National Assembly, saying the reports are fake.

Mr. Emefiele’s tenure as CBN governor is expected to come to an end in June  this year — five years after his appointment.

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