Economy

B-R-E-A-K-I-N-G: President Tinubu Suspends CBN Governor From Office 

Ola ‘Kiya, Reporting

PRESIDENT Bola Ahmed Tinubu has suspended the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, from office, with immediate effect.

The development is contained in a statement from the Secretary to the Government of the Federation (SGF), signed by Willie Bassey, Director, Information, Abuja. 

The press release dated June 9 reads thus;

OFFICE OF THE SECRETARY TO THE GOVERNMENT OF THE FEDERATION

PRESS RELEASE

PRESIDENT TINUBU SUSPENDS EMEFIELE FROM OFFICE AS CENTRAL BANK GOVERNOR

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

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 investigation and the reforms.

Willie Bassey

Director, Information

For: Secretary to the Government of the Federation

9th June, 2023.

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