Just in: CBN Governor Godwin Emefiele suspended

Just in: CBN Governor Godwin Emefiele suspended

 

President Bola Tinubu has suspended Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN).

The announcement came on Friday from the office of the secretary to the government of the federation.

Willie Bassey, director of information at the SGF office, in a statement said the suspension was with immediate effect.

The press release

The statement read, “President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect.

“This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.

“Mr 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.”