This was disclosed through a press release by Willie Bassey, the Director, Information, Secretary to the Government of the Federation this evening.
According to the statement, the move was necessitated by the ongoing investigation and a need to revamp the financial sector of the country.
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The press release reads:
OFFICE OF THE SECRETARY TO THE GOVERNMENT OF THE FEDERATION
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.ADVERTISEMENT
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 BasseyDirector, Information
For: Secretary to the Government of the Federation
9th June, 2023.
Recall Emefiele earned the ire of many due to the Naira redesign policy which caused hardship in the nation.