The immediate Governor of Rivers State, Nyesom Wike has praised President Bola Tinubu’s suspension of Godwin Emefiele as the Governor of the Central Bank of Nigeria (CBN).
Tinubu suspended Emefiele late Friday and directed him to immediately hand over the bank’s Deputy Governor (Operations Directorate) Folashodun Shonubi.
While 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.
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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.
‘President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr. Godwin Emefiele, CFR, from office with immediate effect,’ the Director of Information, Office of the Secretary to the Government of the Federation Willie Bassey said in a Friday statement.
‘This is a 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) [Folashodun Adebisi Shonubi], who will act as the Central Bank Governor pending the conclusion of the investigation and the reforms.’
The development is coming less than two weeks after President Tinubu assumed office and months after the CBN’s heavily-criticized naira swap.