President Bola Tinubu suspended Emefiele Friday night pending further investigation.........................
Mixed reactions have trailed the suspension of Central Bank of Nigeria governor, Godwin Emefiele, by President Bola Tinubu on Friday.
A tweep, Inibehe Effiong said since the president does not have the constitutional backing to remove the CBN governor and the CBN Act doesn’t also envisage a situation like this one, then Emefiele shouldn’t have been suspended. However, Mr Tinubu cannot remove him by virtue of Section 11 of the CBN Act without recourse to the Senate.
My view is that since the CBN Act does not envisage the suspension of the Governor by the President, and given the need for institutional independence of the CBN which cannot be guaranteed without security of tenure of the governor, the President shouldn’t be able to suspend”, he said
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BREAKING: President Tinubu Suspends Godwin Emefiele As Central Bank Governor | Sahara ReportersPresident Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, 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. Emefiele’s suspension was confirmed by Willie Bassey, the Director, Information, for the Secretary to the Government of the Federation, George Akume. It reads, “President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect.
Read more »
He’s not here to play - Deji Adeyanju reacts as President Tinubu suspends CBN Governor, EmefieleThe Convener of Concerned Nigerians, Deji Adeyanju, reacted to President Bola Ahmed Tinubu’s decision to suspend the Central Bank of Nigeria, CBN,
Read more »
BREAKING: Tinubu suspends Emefiele as CBN GovernorMr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor.
Read more »
Breaking: Tinubu Suspends Emefiele as CBN Governor – THISDAYLIVE
Read more »
JUST-IN: CBN Governor Emefiele Suspended, Faces InvestigationLess than two weeks after assuming office as President and Commander-in-Chief of the Armed Forces, President Bola Ahmed Tinubu has suspended the Central Bank
Read more »