President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, from office with immediate effect.
The office of the Secretary to Federation announced his suspension.
“This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy”, stated from suspension note.
“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.”