Just In: President Tinubu Suspends Emefiele As CBN Governor

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

This is a sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.

According to Willie Bassey,, Director, Information who sign the statement on behalf of the Secretary to the Government of the Federation, 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.

These were contained in a press release by Willie Bassey Director, Information, Office of Secretary to the Government of the Federation, dated 9th June, 2023.

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