Tag: Godwin Emefiele

  • DSS Arrests CBN Governor, Godwin Emefiele After Suspension

    DSS Arrests CBN Governor, Godwin Emefiele After Suspension

    DSS Arrests CBN Governor Godwin Emefiele After Suspension

    DSS Arrests CBN Governor Godwin Emefiele After Suspension.

    Emerging reports indicate that the suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has allegedly been arrested by the Operatives of the Department of the State Services (DSS).

    Reports by TVC and PM News stated that the CBN chief was arrested following his suspension.

    It was reported that Emefiele was suspended by President Bola Tinubu from office on Friday, June 9, with immediate effect to pave the way for the continuation and conclusion of the official investigation into his activities as governor of the nation’s apex bank.

  • DSS Arrests CBN Governor, Godwin Emefiele After Suspension

    DSS Arrests CBN Governor Godwin Emefiele After Suspension

    DSS Arrests CBN Governor Godwin Emefiele After Suspension.

    Emerging reports indicate that the suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has allegedly been arrested by the Operatives of the Department of the State Services (DSS).

    Reports by TVC and PM News stated that the CBN chief was arrested following his suspension.

    It was reported that Emefiele was suspended by President Bola Tinubu from office on Friday, June 9, with immediate effect to pave the way for the continuation and conclusion of the official investigation into his activities as governor of the nation’s apex bank.

  • Meet Folashodun Adebisi Shonubi, Acting Governor Of Central Bank Of Nigeria (CBN)

    Meet Folashodun Shonubi Acting CBN Governor

    Meet Folashodun Adebisi Shonubi Acting CBN Governor.

    Folashodun Adebisi Shonubi is now the acting Governor Of Central Bank Of Nigeria CBN after the sack of Godwin Emefiele.

    Folashodun Shonubi Adebisi was born on the 7th of March, 1962. He attended the University of Lagos from 1978 to 1983 and obtained a Bachelor of Science in Mechanical Engineering.

    Thereafter he obtained a Master of Science in Mechanical Engineering in 1985 with bias in Production Engineering from the same University.

    From 1988-1989 he shifted grounds to Finance and obtained a Masters’ in Business Administration specializing in Finance. He began his working experience as a Consultant Engineer at Mek-ind Associates and worked from 1984 to 1989. From 1989 to 1990, he was a Marketing Executive at Inlaks Computers Limited.

    He moved to Citibank Nigeria Limited as Head, Treasury Operations from 1990 to 1993. He joined Agusto & Co. Ltd as a Supervising Consultant from 1993 to 1996 from where he moved to MBC International Limited as Deputy General Manager, Banking Operations & Information Technology from 1999. In 1999, he joined First City Monument Bank (FCMB) Limited as Vice-President, Operations & Information Technology and was there till 2002.

    In 2003, he moved from FCMB to Ecobank Nigeria Plc as an Executive Director, Operations & Information Technology and in 2007 he became the Director, Information Technology and Corporate Services, at Renaissance Securities Nigeria Limited. He was recruited by Union Bank of Nigeria Limited as an Executive Director, Operations, Technology and Services, from September 2009 to April 2012.

    He became the Managing Director/CEO, Nigeria Inter-Bank Settlement System Plc from May 2012 to October 2018. October 2018 to date, Mr. Folashodun is the Deputy Governor, Operations of the Central Bank of Nigeria (CBN) representing the Governor of the Central Bank of Nigeria on the Board of FIRS since the 9th of December, 2019. He is married with children.

  • President Tinubu Sacks Emefiele the CBN Governor

    President Tinubu Sacks Emefiele the CBN Governor

    Federal Republic Of Nigeria, President Bola Ahmed Tinubu has suspended Godwin Emefiele, the governor of Central Bank of Nigeria (CBN).

    The suspension was announced in a statement from the Office of the Secretary to the Government of the Federation (SGF) on Friday.

    Emefiele had earlier notified Nigerians that ge would be proceeding on study leave which was granted by former President Muhammadu Buhari, but the suspension has hasten his exit as the Governor of CBN.

    Godwin Emefiele was accused of playing politics with the Naira Crunch Nigerians went through during the 2023 presidential election. He was heavily accused of working against presidential ambition of President Tinubu.

    Besides, Emefiele has been criticized by many citizens for mismanaging Nigerian economy as Naira continued to depreciate against the dollars.

    Mr Emefiele visited President Tinubu on the first day the president resumed office.

    Below is the full statement:

    PRESIDENT TINUBU SUSPENDS EMEFIELE FROM OFFICE AS CENTRAL BANK GOVERNOR

    “President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect.

    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.

    Willie Bassey
    Director, Information
    For: Secretary to the Government of the Federation.”