CBN Deputy Governor Adebisi Shonubi Takes Over
President Bola Tinubu has suspended Godwin Emefiele as the Central Bank of Nigeria (CBN) governor.
The office of the secretary to the government of the federation (SGF) announced his suspension.
Willie Bassey, director of information, SGF office, in a statement issued on Friday, said the suspension is with immediate effect.
According to the statement, Emefiele is to transfer his responsibilities to the deputy governor, operations directorate
Folashodun Adebisi Shonubi, the deputy governor, is expected to act as the CBN governor pending the conclusion of an investigation of Emefiele’s office.
“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.”