President Bola Tinubu has suspended Godwin Emefiele as the governor of the Central Bank of Nigeria (CBN). The office of the secretary to the government of the federation (SGF) announced
The office of the secretary to the government of the federation announced his suspension.
Willie Bassey, director of information, SGF office, in a statement issued on Friday, said the suspension is with immediate effect. According to the statement, Emefiele is to transfer his responsibilities to the deputy governor, operations directorate.Folashodun Adebisi Shonubi, the deputy governor, is expected to act as the CBN governor pending the conclusion of an investigation of Emefiele’s office.
“This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy,” the statement reads. “Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor , who will act as the Central Bank Governor pending the conclusion of investigation and the reforms.”Emefiele was one of the top officials who met with Tinubu on his first day in office as president.
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