By Muhammadu Sabiu
President Bola Tinubu has approved the suspension of Godwin Emefiele, the governor of the Central Bank of Nigeria.
Willie Bassey, Director, Information Office of the Secretary to the Government of the Federation, said in a succinct statement on Friday night that it is in response to an investigation being conducted by his office and upcoming financial sector reforms.
According to media sources, Emefiele has been instructed to immediately transfer control of his office’s operations to the deputy governor (Operations Directorate), who would serve in that capacity until the inquiry and changes are complete.
Recall that there were many controversial policies that were introduced by the apex bank under the leadership of Mr. Emefiele. One of the policies that brought about the change of the Nigerian currency was seen by many people as an effort against the candidature of Bola Tinubu during the last general elections.
