President Tinubu Suspends Emefiele Over Investigations Into Fraud In CBN

Former CBN Governor, Mr. Godwin Emefiele

President Bola Tinubu has suspended the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele from office with immediate effect.

Emefiele’s removal was contained in a statement issued by the office of Secretary to the Government of the Federation.

the statement read in part: “President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect,” the Director of Information, Office of the Secretary to the Government of the Federation Willie Bassey said in a Friday statement.

“This 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 the investigation and the reforms.”

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