President Bola Ahmed Tinubu has suspended Godwin Emefiele, governor of the Central Bank of Nigeria (CBN).
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A statement from the office secretary to the government of the federation (SGF) , said the suspension was with immediate effect.
“This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy,” the statement reads.
“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.”
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