As the Washington Post reports, Godwin Emefiele, who in his nine years in office has made Nigeria the globalists’ guinea pig on cash eradication, biometric digital identity and total surveillance, was arrested by the Secret Service on Saturday. The country’s new president, Bola Tinubu, had ousted him earlier.
However, the paper fails to mention or at best hints vaguely at the drastic cash restrictions imposed by Emefiele and the economic damage they have caused. For that, you have to read Nick Corbishley on Naked Capitalism or this blog.
In March, the central bank had lifted the unconstitutional restrictions at the behest of the Supreme Court. Nigeria is the most populous and economically powerful nation in Africa, yet wealth and development are extremely unevenly distributed.
According to a government statement, the arrest of the central bank governor is related to an investigation into his stewardship of financial sector reform. Emefiele had justified the cash restrictions, among other things, to strengthen the digital central bank currency eNaira, which was introduced with the support of the International Monetary Fund (IMF) and is almost not used at all.
Nigeria was the first populous country to introduce a digital central bank currency nationwide. Its failure has been a setback for the IMF and the central banking community. This is because the majority of the major central banks – internationally coordinated by the IMF, the Bank for International Settlements and the World Economic Forum – are working on the introduction of eDollar, eEuro, ePfund and Co.
