What is the real purpose of Godwin Emefiele’s arrest?

The President, Bola Tinubu, had on Friday 9th of June, 2023, announced the suspension of Emefiele, citing an investigation and reforms in the financial sector.

Emefiele was directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate) pending the conclusion of the investigation and the reforms.

Sources: Vanguard, Punch, ChannelsTv, Daily post

The rise and fall of Emefiele – Business day

While a few Nigerian focused on the news hoping to see the outcome of the Emefiele’s arrest, others have wondered what the priority of the Nigerian federal government has swiftly become. From all that we know, the former and embattled central bank of Nigeria Governor, Godwin Emefiele did not write the inaugural speech for President Bola Tinubu where he insisted on the no more fuel subsidy policy, which after it was read on the day of the inauguration, seems to have plunged Nigeria into further hardship.