Bola Tinubu Suspends Emefiele As CBN Governor

The Director of Information for the Office of the Secretary to the Government of the Federation, Willie Bassey, announced in a Friday statement that Bola Ahmed Tinubu has removed Godwin Emefiele, CFR, from his role as Central Bank Governor, effective immediately.

“This is a 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) [Folashodun Adebisi Shonubi], who will act as the Central Bank Governor pending the conclusion of the investigation and the reforms.”

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