Nyesom Wike Applauds Removal, Arrest Of Godwin Emefiele As CBN Gov

Former Governor of Rivers State, Nyesom Wike, has applauded President Bola Tinubu’s suspension of Godwin Emefiele as the Governor of the Central Bank of Nigeria (CBN).

 Last night, President Tinubu suspended Emefiele and directed him to immediately hand over to the Apex bank’s Deputy Governor (Operations Directorate) Folashodun Shonubi.

 Reacting to the development, Wike who was one of the critics of Emefiele’s policies, especially the Naira redesign, described the President’s decision as bold and timely.

 The former Rivers State Governor also commanded President Tinubu for approving uniformity in the retirement age and pension of judicial officers in the country, according to a statement by his media team.

 He said the President’s action will introduce a new lease of life to the nation’s judiciary.

 Wike noted that he and other G5 members are impressed that the President is showing “focused and exemplary leadership that will lead the county to prosperity.” Suspended

Following his suspension as CBN Governor, Godwin Emefiele is reportedly in custody of the Department of State Services, DSS. 

 Willie Bassey, a Director in the Office of the Secretary to the Government of the Federation, announced the CBN Governor’s suspension on Friday night, June 9, saying it is part of a planned reform of the financial sector.

Mr Folashodun Adebisi Shonubi has already been appointed as the acting Governor of the Central Bank of Nigeria. 

Reports said Emefiele was suspended because of many reasons. Among them is his recent role in naira swap and cashless policy that mopped up the entire money in circulation in the country, which nearly truncated the conduct of the 2023 general elections.

 It was also learnt that the DSS, the Economic and Financial Crimes Commission (EFCC) and many financial regulatory agencies, both at home and abroad, have issues to grind with the embattled Emefiele.

A source who confirmed that the suspended CBN Governor is in DSS custody, told the publication “Yes, he is here already undergoing interrogation.”

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