Governor of the Central Bank of Nigeria (CBN) has not been sacked.

CBN Governor Godwin-Emefiele

There were reports that Emefiele received a letter from the office of President Muhammadu Buhari on Monday to vacate his office.

However, sources within the presidency told TheCable there is no truth in the reports.

“The president does not have the power to sack the CBN governor without the approval of the national assembly. The reports are fake”, one of the persons familiar with the matter told TheCable.

According to the news medium, when likened the matter to the suspension of Muhammad Sanusi II, the former CBN governor, the source said: “Suspension is different from sack, and Emefiele has not done anything wrong to be suspended or asked to proceed on terminal leave.”

TheLagostimes gathered that Emefiele’s tenure as CBN governor is expected to come to an end on June 3, 2019 — five years after his appointment.

Another source said: “The rumour mill is grinding so fast, seeing its exactly three months to the expiration of his tenure.”

It was gathered that Emefiele was in his office on Monday and no such letter was received by the office of the governor.