KOLA OLOOTU LIVE ON SECRETS BEHIND EMEFIELE'S SUSPENSION BY TINUBA ||DRIVETV YORUBA NEWS||

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President Bola Tinubu has suspended the Central Bank Governor, Godwin Emefiele, from office immediately.
This was revealed Friday night in a statement by Willie Bassey, Director of Information at the office of the Secretary to the Government of the Federation.

The CBN Governor’s suspension is a sequel to the ongoing investigation of his office and the planned reforms in the economy’s financial sector, the statement said.

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 suspended CBN governor assumed office in 2014 after succeeding Lamido Sanusi, who was equally suspended from office under controversial circumstances by President Goodluck Jonathan few months before the expiration of his tenure. Before his appointment, Mr Emefiele was the Group Managing Director of Zenith Bank Plc.
Since assuming office in 2014, the suspended CBN chief has faced criticisms among Nigerians due to his management of the economy, his politics, and the apex bank’s controversial policies.
During his tenure, the Nigerian currency, the naira, has experienced a significant decline, currently trading at over N750 per dollar in the parallel market and N469.50 per dollar at the spot market as of Thursday, the lowest it has ever traded on the Investors and Exporters (I&E) window...


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