In a statement released on Friday night in Abuja, President Bola Tinubu has taken the step of suspending Mr. Godwin Emefiele, the Central Bank Governor, from his position with immediate effect. The decision comes as a result of an ongoing investigation into his office and the proposed reforms in the financial sector of the economy.
According to the Director of Information in the Office of the Secretary to the Government of the Federation (SGF), Mr. Willie Bassey, the President has directed Mr. Emefiele to promptly hand over the responsibilities of his
office to the Deputy Governor (Operations Directorate). The Deputy Governor will act as the interim Central Bank Governor until the investigation and reforms are concluded, as stated in the press release.
On his inaugural day as President, Tinubu held a meeting with a group of high-ranking officials, among them Mr. Emefiele.
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