Categories: Business

President Tinubu suspends CBN Governor Godwin Emefiele with immediate Effect

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

Emefiele’s sack comes up amid 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.

Three months ago, Godwin Emefiele denied reports that he was plotting against the then President-elect, Bola Tinubu. He also also debunked reports that he provided funds to the governorship candidate of the Labour Party in Lagos state, Gbadebo Rhodes-Vivor.

Recall that the CBN Governor also picked the N100 million presidential nomination forms to contest the presidency on the platform of the All Progressives Congress (APC).

READ MORE: 2023: Central Bank Governor, Godwin Emefiele Picks N100 Million APC Presidential Form

This is breaking news.

Jide

Follow KanyiDaily.com on Instagram, Facebook and Twitter @KanyiDaily

Recent Posts

Lil Uzi Vert Donates Over $10,000 To Support Kai Cenat’s Plan To Build School In Nigeria [Video]

American rapper, Lil Uzi Vert has donated over $10,000 to help Twitch streamer, Kai Cenat…

58 mins ago

Lagos LCDA Chairman, Oladotun Olakanle Is Dead

Oladotun Olakanle, Chairman of the Onigbongbo Local Council Development Area, passed away in the early…

2 hours ago

NIVEA Reacts As NAFDAC Warn Nigerians About Its “Black & White Invisible Roll On Deodorant”

Beiersdorf Nivea Consumer Products Nig. Ltd has reassured customers of its products' safety after an…

4 hours ago

Fainting By Minors In Court Was Staged To Tarnish Police Image – IGP Kayode Egbetokun

The Inspector General of Police (IGP) Kayode Egbetokun claims the fainting of minors in an…

5 hours ago

“Most Of Arraigned Protesters Are Married Men, None Of Them Is A Minor” – FG Counsel [Video]

Federal prosecutor, Rimazonte Ezekiel has stated that all individuals brought before the court on Friday…

7 hours ago

“Once You’re 7-Years-Old, You Can Be Charged To Court” – Police PRO Muyiwa Adejobi [Video]

Nigeria Police Force spokesperson, ACP Olumuyiwa Adejobi, has clarified that under Nigerian law, only children…

7 hours ago