Earlier, News Round The Clock confirmed the suspension of the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

Recent development disclosed that the embattled CBN governor has been arrested by the Department of State Services, DSS.

Tinubu also appointed Mr Folashodun Adebisi Shonubi as the acting Governor of Central Bank of Nigeria, in replacement for Emefiele.

ALSO READ: Breaking News: President Tinubu suspends Emefiele

It would be recalled that the former President Muhammadu Buhari’s government introduced new bank notes late last year, arguing it would help tackle vote-buying, insecurity and fight inflation among others.

But weeks before the polls, the country was hit with a cash crunch as the CBN withdrew the old notes. The development drew criticisms from top personalities.