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CBN Gov. Emefiele Suspended From Office

by Yvonne ONUAH

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

Emefiele’s suspension is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy, according to a statement from the Office of the Secretary to the Government of the Federation, Mr George Akume.

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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