The chances of Central Bank of Nigeria (CBN) Governor Godwin Emefiele joining the presidential race have got slimmer.
It was learnt that he is constrained by the law in coming out at this time when the Central Bank of Nigeria Act 2007 (as amended) requires him to give a three-month resignation notice to the President.
The party primaries must be concluded not later than June 3.
Section 11(3) of the Act says: “The Governor or any Deputy Governor may resign his office by giving at least three months’ notice in writing to the President of his intention to do so” and any “Director may similarly resign by giving at least one month’s notice in writing to the President of his intention to do so.”
A source said: “Technically, Emefiele is out. There is no provision for a retroactive resignation. Except if he has resigned under the table.”
“With the APC presidential primaries slated for May 30th and 31st, he cannot fulfill the legal basis for resignation.
“Giving a waiver to Emefiele may plunge the party into crisis.”
