US EditionNigeria's President Tinubu suspends central bank governor
- Nigeria's President Bola Tinubu has suspended the central bank Governor Godwin Emefiele with immediate effect due to ongoing investigations of his office and planned reforms in the financial sector.
- Emefiele's handling of the currency and monetary policy were criticized by Tinubu at his inauguration last week, with Tinubu calling for a unified exchange rate.
- Emefiele has been directed to hand over operations to the deputy governor who will act as the central bank governor while investigations and reforms are concluded.
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Ticker: Nigeria’s central bank chief first suspended and now arrested
Nigeria’s central bank chief has been arrested hours after he was suspended by the country’s new president. Godwin Emefiele has served as governor of the Central Bank of Nigeria for the past nine years. Nigeria’s Department of State Services said in a statement on Saturday that he was arrested “for some investigative reasons.” The central bank chief was suspended from office on Friday night and asked to immediately hand over power to his deputy.…
·Boston, United States
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Leaning Left19Leaning Right5Center13Last UpdatedBias Distribution51% Left
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C 35%
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