President Tinubu dismisses Emefiele

Godwin Emefiele's position as governor of the Central Bank of Nigeria (CBN) has been suspended by President Bola Tinubu. 

According to a statement made by Willie Bassey, Director of Information for the Office of the Secretary to the Government of the Federation, the suspension was brought on by an ongoing inquiry into his department.

The declaration says

President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, 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 the investigation and the reforms.