CBN: Why I Suspended Emefiele – Tinubu

Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, is undergoing investigation.

The Presidency disclosed this in a statement announcing Emefiele’s suspension from office “with immediate effect”.

The Secretary to the Government of the Federation (SGF), Sen. George Akume, who made the announcement, also gave “the planned reforms in the financial sector of the economy” as another reason for Emefiele’s suspension.

A statement signed on behalf of the SGF by the Director, Information, Willie Bassey, reads: “President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr 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.

“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.”

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