JUST IN: Tinubu Suspends Emefiele As CBN Governor

The Nigeria President, Bola Ahmed Tinubu has suspended the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, CFR, from office with “immediate effect.”
Willie Bassey, the Director of Information in the office of the Secretary to the Government of the Federation (SGF) announced the suspension on behalf of SGF George Akume in a statement on Friday.

This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy,” the statement reads in part.
“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.”

More to follow…