DSS Arrests Nigeria’s Apex Bank Governor Godwin Emefiele

The embattled Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has reportedly been arrested by the Department of State Services (DSS)

His arrest is coming on the heels of his suspension from office by President Bola Tinubu who directed that he immediately hands over the affairs of his office to the Deputy Governor in charge of Operations Directorate.

News Direct reported how, before now, the secret police had done everything within its power to effect Emefiele’s arrest unsuccessfully.

According to the report, DSS had filed its case (ex-parte motion) against Emefiele on December 7, 2022, seeking permission to arrest, probe and detain him.

However, on December 9, a federal high court sitting in Abuja, declined the application filed by the DSS.

The report noted that in declining the motion ex-parte filed by the secret police, Justice J.T. Tsoho, the chief judge, said that the DSS did not provide any concrete evidence to substantiate its claims that Emefiele was involved in terrorism financing and economic crimes.

“The court said that such an application should have been accompanied with the presidential approval because of the grave implications for the economy if the CBN governor was arrested and detained.”

Emefiele was accused by the DSS of financing terrorism, aiding and abetting terrorism, and committing other economic crimes.

The secret police alleged that Emefiele funded the Indigenous People of Biafra, IPOB with both the resources he raised for his failed presidential bid on the platform of the Al Progressives Congress, APC, last year and funds diverted from government coffers.

The DSS also accused Emefiele of fraud, money laundering, round tripping and conferment of financial benefit to self and others.

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