President Bola Ahmed Tinubu, Friday, suspended the Governor of Central Bank of Nigeria, Godwin Emefiele, from office with immediate effect.

His suspension was contained in a statement by the Secretary to the Government of the Federation and signed by Willie Bassey, Director of Information in the office.

According to the statement, the suspension was sequel to an ongoing investigation of his office and the planned reform in the financial sector of the economy.

Emefiele was directed to hand over the affairs of the office to the Deputy Director, Operations, who will act pending the conclusion of the investigation.

The statement read, “President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect.

“This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.

“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 investigation and the reforms.”