Nigeria'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.…
Nigeria’s central bank chief Godwin Emefiele suspended, arrested
Nigeria’s central bank chief arrested after being suspended by president
ABUJA, Nigeria (AP) — Nigeria’s central bank chief has been arrested hours after being suspended from office by the country’s new president, authorities said Saturday. Godwin Emefiele, governor of the Central Bank of Nigeria, is in “custody for some investigative reasons,” Nigeria’s secret police said in a statement without providing further details. The country’s new president, Bola Tinubu, suspended Emefiele as the central bank governor on Fri…
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