CBN Governor Godwin Emefiele
The battle for freedom has begun for the suspended Governor of the Central Bank of Nigeria, Godwin Emefiele. He was arrested by DSS on Friday.
The arrest was reported shortly after President Bola Tinubu suspended Emefiele.
According to the president, Emefiele was suspended due to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.
Prior to Emefiele’s suspension, the DSS, on December 7, 2022, in an exparte application with reference no: FHC/ABJ/CS/2255/2022, sought an order to arrest the CBN Governor.
The security agency accused Emefiele of multiple allegations
Details of DSS ten allegations against the suspended CBN Governor, Godwin Emefiele (Before his suspension)
1. Funding Unknown gunmen, ESN and IPOB with money he raised for his failed presidential bid last year and funds diverted from government coffers .
2. Mismanagement of Nigeria's social investment program (NISRAL and the Anchor Borrowers Scheme)
3. Illegall economic crimes of National security dimension
4. Money Laundering
5. Unwholesome activities through proxies
6. Round tripping
7. Conferment of financial benefits to self and others
8. Threat to National Security
9. Criminal conspiracy to divert government resources
10. Terrorism financing
The Chief Judge of the Federal High Court, Justice J.T Tsoho, however, refused to grant the application of the DSS.
The court said such an application should have been accompanied with the presidential approval because of the grave implications for the Nigerian economy if the CBN governor is arrested and detained.
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