Tinubu takes drastic action against CBN Governor, Emefiele 

CITIZENS COMPASS – SEQUEL to the ongoing hardship associated with Naira redesign, President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR.

Tinubu said the suspension is with immediate effect. 

This was disclosed by the Director of Information, Office of the Secretary to the Government of the Federation Willie Bassey on Friday. June 9, 2023, in a statement.

It partly reads, “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 the investigation and the reforms.”


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