Tinubu appoint new CBN Governor

President Bola Tinubu has appointed Mr Folashodun Adebisi Shonubi as the acting Governor of the Central Bank of Nigeria, in replacement for the suspended Emefiele.

The suspended Governor of the Central Bank of Nigeria, Godwin Emefiele, has been arrested by the Department of State Services, DSS.

Emefiele was suspended on Friday by President Bola Tinubu.

Emefiele was suspended “sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy” according to a release by Willie Bassey, the Director, Information, for the Secretary to the Government of the Federation, George Akume.

“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,” the release further said.

SaharaReporters had in February reported how the DSS attempted to arrest Emefiele, but the Chief of Defence Staff, Gen Lucky Irabor, shielded him by providing soldiers to guard his residence and office.