Presidential spokesperson, Ajuri Ngelale, has accused former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, of depleting the country’s foreign reserve.

In an interview with TVC, Ngelale alleged that Emefiele took major financial decisions without the approval of former president Muhammadu Buhari.

He noted that expenses from the foreign reserve, reaching billions of dollars, were not approved by the former president.

The president’s spokesperson said that the CBN governor was in charge of most of the apex bank’s operations and also served as the chairman of the bank’s board of directors.

“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,” Ngelale said.

“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,” he added.

Emefiele is currently being prosecuted for alleged procurement fraud and forgery of ex-president Buhari’s signature.