Presidential Aide Claims Buhari Unaware of Depletion of Nigeria’s Foreign Reserves under Emefiele

Ajuri Ngelale, the Senior Special Adviser to President Tinubu on Media and Publicity, has stated that former President Muhammad Buhari was not aware of the depletion of Nigeria’s foreign reserves under the tenure of former Central Bank Governor Godwin Emefiele.

In a recent interview with TVC, Ngelale emphasized that Buhari did not authorize the majority of expenditures from the foreign reserves, which amounted to billions of dollars, during Emefiele's term.

"What was done concerning the expenditure of billions of dollars from the foreign reserves was done largely without the approval or knowledge of President Muhammad Buhari and President Bola Tinubu. Yes, that might seem hard for some people to believe, but I want to explain how that could have happened.

"We have one of the few Central Banks in the world where the day-to-day CEO was the governor of the Central Bank and was also the chairman of the board of directors. He was essentially overseeing himself," Ngelale explained.