Police in Nigeria say they've detained the governor of the country's Central Bank during an investigation.
On Friday, Nigeria's new President, Bola Tinubu, announced that he had suspended the governor, Godwin Emefiele, with immediate effect amid planned reforms in the financial sector.
At his inauguration last week, President Tinubu criticised Mr Emefiele's monetary policies and his handling of the Nigerian currency.
The naira has weakened progressively under Mr Emefiele's leadership.
Operations have been handed over to the bank's deputy governor.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Photos from DW-JoyNews street debate on ‘galamsey’
20 mins -
Mimmy Yeboah: Blending heritage with global sophistication, confidence redefined through couture
35 mins -
Akufo-Addo commissions 97-km Tema-Mpakadan railway line
1 hour -
Majority requests recall of Parliament
1 hour -
Kanzlsperger and Professor Quartey support WAFA with medical Donation
1 hour -
Gideon Boako donates 10 industrial sewing machines to Yamfo Technical Institute
2 hours -
‘Golden Boy’ Abdul Karim Razak honored at WAFU-B general assembly
2 hours -
Buipewura Jinapor secures Vice Presidential position in National House of Chiefs with record votes
2 hours -
2024 election: I want results to come out like ‘milk and honey’ – Toobu
2 hours -
Ghana’s Henry Bukari hands over chairmanship of ECOWAS Brown Card Council of Bureaux
2 hours -
Residents of Dome-Kwabenya on edge ahead of December elections
3 hours -
Moffy drops new single ‘Wo’, blending culture and modernity
3 hours -
Don’t bring soldiers to polling stations – Martin Kpebu
3 hours -
Ogyeahohuo Yaw Gyebi II retained as President of National House of Chiefs
3 hours -
Embrace ICT to fit in digital world – Ho NYA boss to youth
4 hours