Godwin Emefiele, CFR, the governor of the central bank, has been immediately removed from his position by President Bola Ahmed Tinubu.
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This is a follow-up to the ongoing probe into his office and the upcoming banking sector reforms.
As soon as possible, Mr. Emefiele must turn over control of his office to the Deputy Governor (Operations Directorate), who will serve in that capacity until the investigation and reforms are complete.