President Tinubu Suspends Emefiele

Suspended CBN gov, Emefiele
Suspended CBN gov, Emefiele

President Tinubu Suspends Emefiele

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

The Director of Information, Office of the Secretary to the Government of the Federation Willie Bassey in a statement on Friday noted that the move to suspend Emefiele was informed by the ongoing investigation of the CBN and the ongoing reforms taking place in he financial sector.

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

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“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 the investigation and the reforms,” the statement said.

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