President Tinubu Suspends CBN Governor Emefiele

President Bola Ahmed Tinubu has suspended the Governor of the Central Bank of Nigeria, Godwin Emefiele, from office with immediate effect.

This is conveyed in a release signed by Willie Bassey, Director of Information, on behalf of the Secretary to the Government of the Federation (SGF).

According to the release, the suspension is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.

“Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of investigation and the reforms.” The release stated.

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