Investigators will Quiz Emefiele on these Flaws.

Investigators will quiz Emefiele on these flaws.

NewsReport Nigeria reports that President Bola Ahmed Tinubu has suspended Godwin Emefiele as governor of the Central Bank of Nigeria (CBN) with immediate effect which was announced on Friday and the President appointed  Folashodun Adebisi Shonubi as the acting governor of the apex bank.

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His suspension was announced on Friday by the office of the Secretary to the Government of the Federation (SGF) in a statement signed by the Director of Information, SGF office, Willie Bassey.

According to him, the suspension is a sequel to an ongoing investigation into Emefiele’s office.

This news outlet also gathered that the DSS had assembled a team of crack interrogators to quiz Emefiele on wide-ranging issues, including:

• Issues relating to loans worth billions of naira given to farmers under the Fadama scheme

• The controversial sale of Polaris Bank

• Terrorism: Financing of the Indigenous People of Biafra

• Allegations bordering on forex fraud.

• CBN fiscal policies, including the handling of the naira redesign policy

Many Nigerians believe that Emefiele’s time as governor was wrought with numerous misdeeds and missteps, which made him a very unpopular governor.