Business News

President Bola Tinubu suspends Godwin Emefiele as CBN Governor

President Bola Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele from office with immediate effect.

This is a sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.

Willie Bassey, Director of Information, Office of the Secretary to the Government of the Federation stated thus:

“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.”