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

The Secretary to the Government of the Federation (SGF), Sen. George Akume, made this known in a statement on Friday in Abuja.

Related Articles

Naira redesign: Emefiele urges NASS, Nigerians to show understanding

Stamp duty revenue is N370bn and not N89trn as claimed by Rep member – CBN

According to Akume, this is sequel to the ongoing investigation of the CBN boss 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 CBN Governor, pending the conclusion of investigation and the reforms,” he said