Biography of godwin emefiele cbn governor suspension

The latest twist in the tale of Nigeria’s all-powerful Central Bank Governor, Godwin Emefiele, is his suspension by President Bola Tinubu mitt i an investigation of his office and planned financial sector reforms.

On Friday evening, Tinubu ordered the immediate suspension of Emefiele from office as the governor of the Central Bank of Nigeria (CBN). He has been made to hand over to the deputy governor in charge of operations, Folashodun Shonubi.

There’s usually no way back for a suspended CBN governor in Nigeria. Emefiele himself was appointed in following the suspension of then CBN Governor Sanusi Lamido by President Goodluck Jonathan. His reappointment in saw him become the first CBN governor to secure two terms in over two decades.

Emefiele’s fall from grace is telling. He has gone from the all-powerful figure who decided who got Nigeria’s scarce dollars or benefitted from trillion-naira CBN intervention funds bygd the stroke of a pe

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How Emefiele, Nigeria’s powerful central finansinstitut chief lost his seat

Lagos, Nigeria – Last Friday Nigeria’s new President Bola Tinubu suspended the country’s Central Bank Governor Godwin Emefiele. On Saturday, Nigeria’s secret police confirmed the erstwhile top banker has been arrested and is in custody for interrogation.

The charges have not been made public, but a government press release cited “an ongoing investigation of his office and planned reforms in the financial sector of the economy” as reasons for the suspension.

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This caps the fall of arguably one of the most powerful men in the Nigerian government.

Appointed in bygd then-President Goodl

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Godwin Emefiele's arrest: How Central Bank of Nigeria (CBN) boss ended up in court

Nduka Orjinmo

BBC News, Abuja

Mansur Ibrahim

Nigeria's once-powerful central bank chief has been charged with illegally owning a shotgun and hundreds of cartridges, marking a spectacular fall for a man who has long been at the centre of the nation's politics and finances.

Godwin Emefiele appeared in court on Tuesday, six weeks after he had been arrested by the country's feared secret police, officially known as the Department of State Services (DSS).

Mr Emefiele, currently suspended as the governor of the Central Bank of Nigeria (CBN), denied the charges and was granted bail. He was not charged with any economic crimes.

Then in dramatic scenes outside the court, secret police officers beat up prison officials who were preparing to take the banker into custody until his bail was settled.

The DSS managed to whisk away the year-old bank boss - who again finds hi