Yesterday, President Bola Ahmed Tinubu suspended the Central Bank Governor, Godwin Emefiele.
This is according to a statement signed by Willie Bassey, the Director of Information.
According to the statement, 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", part of the statement reads.
Nigerians have taken to their social media handles to react to this development.
See some of the reactions below;
Subsidy removed; Tinubu is doing well— Chlorpheniramine #OBIdients ?? (@VictorIsrael_) June 10, 2023
Possible privatisation of the power sector; He’s working
Godwin Emefiele’s arrest; He’s trying
Implementation of hourly wage; lets give him a chance
A thief who stole your car, remains a thief no matter how well they take care of it ?
Buhari did 1&2 already— Don't you want a Nigeria that works ? (@1st9ja) June 10, 2023
EMEFIELE is cheap shot, expected but not necessary, 0 value added.
Announcing hourly wage like his thoughtless subsidy removal is propaganda.
Where is that thing he wanted to do with this presidency he has been chasing all his life; to change 9ja 4 good?
Wait ooo. Una wan shift all the blames to Godwin Emefiele? Una want blame only him for the fall of Naira?
Tunda fire all of una.
Where is your finance minister? Zainab should be treated just as Emefiele.
Where is Buhari who supervised all this nonsense.
Nonsense— Harmless (@Harmless12345) June 10, 2023
BEFORE:— Tinubu Network Organization - TNO (@TNOnigeria) June 10, 2023
"Those who think they want to support him to fight me, come out let's fight..."
- CBN Governor, Godwin Emefiele
Now the fight has started, who go win am? ??? pic.twitter.com/1Fl08D8bPV
Godwin Emefiele corrupted the CBN and made nonsense of our exchange rates and forex market. The fiscal and monetary policies of the CBN under him did not help the country.— Inibehe Effiong (@InibeheEffiong) June 9, 2023
However, Mr Tinubu cannot remove him by virtue of Section 11 of the CBN Act without recourse to the Senate.
Godwin Emefiele is now a reject. No god will accept him. He dealt with Agbado during the Naira Redesign. He destroyed the Naira, & waged war against the youths (when he banned Crypto) & blocked the bank accounts of EndSARS peaceful protesters. Meffy is now an orphan, an outcast.— NEFERTITI (@firstladyship) June 9, 2023
Obidients, What exactly did Godwin Emefiele did wrong? I thought the redesigning of naira was a good move to help boost the economy and most importantly help u guys win election? ?Hyp for the hyp for thy Hypocrites ?? pic.twitter.com/zaMY7sCpSL— Babalola_Nelson_Sowore (BNS) (@BNSowore) June 10, 2023
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