BREAKING: Tinubu Suspends CBN Governor, Godwin Emefiele

Tinubu suspends Emefiele

Godwin Emefiel, the governor of the Central Bank had been suspended by President Bola Tinubu.

Daily Report Nigeria reports that Emefiele’s suspension from office is with immediate effect.

The suspension of the CBN governor was announced by the Director of Information, Office of the Secretary to the Government of the Federation, Willie Bassey in a statement on Friday night.

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The statement reads:

“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.”