President Tinubu Sacks Emefiele the CBN Governor

Federal Republic Of Nigeria, President Bola Ahmed Tinubu has suspended Godwin Emefiele, the governor of Central Bank of Nigeria (CBN).

The suspension was announced in a statement from the Office of the Secretary to the Government of the Federation (SGF) on Friday.

Emefiele had earlier notified Nigerians that ge would be proceeding on study leave which was granted by former President Muhammadu Buhari, but the suspension has hasten his exit as the Governor of CBN.

Godwin Emefiele was accused of playing politics with the Naira Crunch Nigerians went through during the 2023 presidential election. He was heavily accused of working against presidential ambition of President Tinubu.

Besides, Emefiele has been criticized by many citizens for mismanaging Nigerian economy as Naira continued to depreciate against the dollars.

Mr Emefiele visited President Tinubu on the first day the president resumed office.

Below is the full statement:

PRESIDENT TINUBU SUSPENDS EMEFIELE FROM OFFICE AS CENTRAL BANK GOVERNOR

“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.”