In a breaking development, President Bola Tinubu has suspended Godwin Emefiele, the Central Bank Governor, with immediate effect.
Willie Bassey, the Director of Information at the Office of the Secretary to the Government of the Federation, released a statement on Friday night confirming the suspension. The decision is based on an ongoing investigation and planned reforms within the financial sector.
As per the statement, Emefiele has been instructed to hand over his responsibilities to the Deputy Governor (Operations Directorate) while the investigation and reforms take place.
The statement reads, “President Bola Tinubu has suspended the Central Bank Governor, 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 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.
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