Nigeria's suspended central bank Governor Godwin Emefiele has been detained and is being held in custody for investigative reasons, the police's Department of State Services (DSS) said on Saturday.
Nigeria's Central Bank Governor Godwin Emefiele briefis the media during the MPC meeting in Abuja, Nigeria January 24, 2020. REUTERS/Afolabi SotundeGovernor Godwin Emefiele has been detained and is being held in custody for investigative reasons, the police's Department of State Services said on Saturday.
Emefiele's suspension had been expected after he drew sharp criticism during the run-up to the February presidential vote from Tinubu's camp. Tinubu criticised Emefiele's handling of the currency and monetary policy at his inauguration last week and called on the central bank to work towards a unified exchange rate.
"We doubt there will be a single 'bullet' devaluation to parallel market levels," said Razia Khan, Standard Chartered managing director and chief economist, Africa and Middle East.
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