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    Friday, May 15
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    President Tinubu Suspends Godwin Emefiele

    Olu AnisereBy Updated:No Comments1 Min Read
    President Tinubu Suspends Godwin Emefiele
    Godwin Emefiele

    President Tinubu Suspends Godwin Emefiele

    President Bola Tinubu has suspended Godwin Emefiele as the Central Bank of Nigeria (CBN) governor from office with immediate effect, the Director of Information, Office of the Secretary to the Government of the Federation Willie Bassey said in a Friday statement.

    In a statement, Federal Government said the decision is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.

    MarketForces Africa gathered from sources before the presidential election that the naira debacle will top the next administration’s agenda…Read prediction: Exchange Rate Reform: Incoming President to Change CBN Governor

    Mr. Emefiele was 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 has been arrested by the Department of state police service (DSS).

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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