President Bola Tinubu has removed Godwin Emefiele, CFR, as governor of the Central Bank of Nigeria (CBN).
According to a statement issued on Friday by Willie Bassey, Director of Information, Office of the Secretary to the Government of the Federation, Emefiele’s suspension is the result of an ongoing investigation into his office and proposed reforms in the economy’s financial sector.
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“This is a 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) [Folashodun Adebisi Shonubi], who will act as the Central Bank Governor pending the conclusion of the investigation and the reforms.”
