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Breaking: President Tinubu suspends CBN Governor, Godwin Emefiele

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

Director, Information, in the Office of the Secretary to the Government of the Federation SGF, Mr Willie Bassey disclosed this in a statement issued Friday night in Abuja.

He said the decision was “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”, the statement added.

Read the press statement

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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