WOT
FRCN HQ
Banking Featured Headline News

Tinubu suspends Emefiele as CBN Governor

Mr Godwin Emefiele

President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, from office with immediate effect. 

This is contained in a statement by the Director, Information Secretary to the Government of the Federation, Willie Bassey .

According to the statement, it 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 investigation and the reforms.

Writing Hadiza Abdulrahman; Editing by Adeniyi Bakare