Godwin Emefiele, who was suspended as Central Bank Governor (CBN) by President Bola Tinubu in June and later detained by the Department of State Services (DSS), resigned last month.
Quoting government sources, Reuters said Emefiele tendered his resignation letter to Tinubu.
This effectively cleared the way for Olayemi Cardoso, who was nominated on Friday by the President to replace the former CBN governor.
Daily Trust reports that the president cannot remove a CBN governor unilaterally, by the provisions of the law.
Read Complete News Here