June 9, 2023

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

Willie Bassey, director of information, SGF office, in a statement issued on Friday, said the suspension is 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 the investigation and the reforms.”