NOR Shamsiah Mohd Yunus, the former Bank Negara Malaysia deputy governor, is tipped to succeed Muhammad Ibrahim in the top post, reports Reuters.

Nor Shamsiah left the central bank in 2016 and joined the International Monetary Fund.

Muhammad is said to have tendered his resignation today over his role in the RM2 billion land deal that critics slammed as a bailout for troubled 1Malaysia Development Bhd.

A Najib Razak appointee, he has been under severe pressure in recent days following pointed comments by the Council of Eminent Persons chairman Daim Zainuddin on the hastily put-together deal.

Reuters said Muhammad’s resignation could be as early as tomorrow. – June 5, 2018.