President Bola Tinubu has suspended the Central Bank Governor, Godwin Emefiele, from office.
He said activities of the apex bank would be probed while reforms would be carried out.
Observers would, however, recall the messy and agonizing way Emefiele redesigned the country’s currency before the February elections, plunging the people and economy into avoidable crises.
Even as of now, the new naira notes he promised to replace the old ones the bank mopped with are nowhere to be found.
Many believe Emefiele politicised his office as he was believed to be working for some interests not in support of Tinubu’s candidacy then.
The Director of Information, Office of the Secretary to the Government of the Federation, Willie Bassey disclosed this in a statement on Friday night.
Bassey added that Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate) pending the conclusion of the investigation and the reforms.
The statement partly read, “President Bola Tinubu has suspended the Central Bank Governor, 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.
“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 the investigation and the reforms.”
