President Bola Ahmed Tinubu has immediately suspended the governor of the Central Bank of Nigeria, Mr Godwin Emefiele.
According to a press statement issued by the Secretary to the Federal Government and signed by Willie Bassey, the Director of Information, the suspension comes amid an ongoing investigation into the CBN governor’s office and planned reforms in the economy’s financial sector.
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Mr Emefiele has been directed to immediately hand over his office’s affairs to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor until the investigation and reforms are completed.