State radio and television stations made the announcement late Wednesday August 12,2015
The two men are said to have disagreed on a number of issues including the use of aid money and the return to Guinea-Bissau of a former army chief of staff.
With a history of coups, no elected leader has served a full term since independence from Portugal in 1974.
Many senior military officers have also been accused of turning the country into a narco-state as it a major hub for cocaine smuggled from Latin America to Europe.
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