The Department of State Services (DSS) has reportedly arrested Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN).
According to PMDSS Arrest CBN Governor News, Emefiele was taken into custody by the DSS on Friday evening.
The arrest comes shortly after President Bola Tinubu announced the suspension of Emefiele, citing ongoing investigations and planned reforms in the financial sector.
Before his suspension, the DSS had sought an order to arrest Emefiele in a December 2022 exparte application, accusing him of financing terrorism, engaging in fraudulent activities, and committing economic crimes of national security concern.
However, the Chief Judge of the Federal High Court, Justice J.T Tsoho, declined to grant the DSS’s application, noting that such a request should have been accompanied by presidential approval due to the significant implications it would have on the Nigerian economy if the CBN governor were to be arrested and detained.
Author
