BREAKING: Real Reason Tinubu Suspended CBN Governor Godwin Emefiele

BREAKING: Real Reason Tinubu Suspended CBN Governor Godwin Emefiele

Citing an ongoing investigation of his office and the need to reform the financial sector, President Bola Ahmed Tinubu, on Friday suspended Godwin Emefiele, the governor of the Central Bank of Nigeria, CBN from office with immediate effect.

The suspension of the CBN Governor was announced in a statement by signd by Willie Bassey, Director of Information, for the Secretary to the Government of the Federation on Friday

Read Also BREAKING: President Tinubu Suspends Emefiele (DETAILS)

According to the statement, the CBN Governor was suspended because of an ongoing investigation of his office and the planned reforms in the financial sector of the economy.

“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,” the statement said.