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REVEALED: Emefiele Tendered Resignation Letter To Tinubu In August

Godwin Emefiele, the Central Bank of Nigeria’s (CBN) suspended governor, is said to have resigned from his position in August.

Emefiele, who had been placed on administrative leave by the president in June, reportedly handed President Bola Tinubu his letter of resignation.

According to TheCable, Emefiele had already sent the letter to the Department of State Services (DSS), but it had been rejected since by law he could only send it to the president.

JUST IN: Emefiele Granted N20m Bail

Legal objections to Yemi Cardoso’s selection as the new governor of CBN have been dispelled as a result of Emefiele’s decision.


Cardoso’s nomination was made public on Friday by Ajuri Ngelale, the President’s Special Advisor on Media and Publicity.

Additionally, the president proposed Emem Nnana Usoro, Muhammad Sani Abdullahi Dattijo, Philip Ikeazor, and Bala M. Bello as four new deputy governors.

Cardoso is anticipated to hold office for a period of five years following confirmation by the Senate.

On June 9th, 2023, Tinubu suspended Emefiele and requested that he delegate his duties to Folashodun Adebisi Shonubi, the deputy governor of the operations directorate.

JUST IN: Suspended CBN Governor, Godwin Emefiele Arrested By DSS

The DSS reported Emefiele was in its custody for “some investigative reasons” the next day.

He was charged with two counts of “illegal possession” of firearms on July 25 in a federal high court in Lagos, where he was also granted bail in the amount of N20 million.


After the withdrawal of the federal government on August 17, the two-count charge was later dismissed.

A new 20-count allegation, however, was brought against him for allegedly conspiring to commit procurement fraud among other things.

Two times, the arraignment has been postponed because to allegations that Emefiele is attempting to negotiate a plea deal with the federal government.


JUST IN: Emefiele Arrives Court For Trial

Emefiele was compelled to “disgorge” some assets and quit as CBN governor in accordance with the deal.



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