Emefiele was earlier suspended on Friday by President Bola Tinubu.
Tinubu also appointed Mr Folashodun Adebisi Shonubi as the acting Governor of the Central Bank of Nigeria, in replacement for Emefiele.
Emefiele was suspended “sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy” according to a release by Willie Bassey, the Director, Information, for the Secretary to the Government of the Federation, George Akume.
“Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of the investigation and the reforms,” the release further said.
SaharaReporters had in February reported how the DSS attempted to arrest Emefiele, but the Chief of Defence Staff, Gen Lucky Irabor, shielded him by providing soldiers to guard his residence and office.
The DSS had said it intensified its investigations to arrest and prosecute Emefiele, on allegations of terrorism financing and fraud.
Irabor was said to have meddled in the DSS investigation by providing cover for Emefiele, who returned to the country at that time from the United Kingdom and evaded arrest.
The CBN governor had headed to his office with massive security, specifically military protection, following his return to the country.
A senior DSS operative had recounted how the soldiers provided by the CDS countermanded the DSS officials who went to arrest Emefiele at the Nnamdi Azikiwe International Airport, Abuja.
“Had we not stood down our officers, there could have been a shootout between our men and the soldiers who had cordoned off the area when the plane landed and escorted the CBN governor to his residence,” he had said.