Tinubu suspends Emefiele, appoints Deputy

President Bola Tinubu has suspended the Governor of the Central Bank  of Nigeria, Mr Godwin Emefiele, 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, according to a statement on Friday by the Director of Information, Office of the Secretary to the Government of the Federation, Willie Bassey.

According to the statement, 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 the investigation and the reforms.

The CBN listed the Deputy Director, Operations Directorate, as Mr Folashodun Adebisi Shonubi.