Nigeria’s President Bola Tinubu has suspended Godwin Emefiele as the Central Bank of Nigeria (CBN) governor.
“President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect,” the Director of Information, Office of the Secretary to the Government of the Federation Willie Bassey said in a Friday statement.
“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.”
Recall that Tinunu had hinted during the presidential campaign that the CBN naira redesign policy which led to cash scarcity was an attempt to frustrate the general elections.
He, however, boasted that he would win the poll against against all odds.
In his inaugural address delivered at the Eagle Square, Abuja on May 29, President Tinubu had vowed to review the naira redesign policy of his predecessor.
