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

This is contained in a statement by Willie Bassey, Director Information, Office of the Secretary to the Government of the Federation on Friday, 9th June, 2023.

President Bola Tinubu

This decision was taken following an ongoing investigation of his office and the planned reforms in the financial sector of the economy.

CBN Governor,Mr Godwin Emefiele

Emefiele, has been directed to immediately hand over the affairs of his office to the Deputy Governor Operations Directorate, Folashodun Shunobi, who will act as the Central Bank Governor pending the conclusion of investigation and the reforms.

Story: Hilda Katu