DSS Arrests Emefiele

The Department of State Services has arrested the suspended Governor of the Central Bank of Nigeria, Godwin Emefiele.

Emefiele was arrested by DSS on Friday shortly after he was suspended by President Tinubu.

A statement by the Director of Information, Office of the Secretary to the Government of the Federation Willie Bassey, had disclosed his suspension.

READ ALSO: Tinubu Suspends Emefiele

The statement said, “President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect .

“This is a sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.

“Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of the investigation and the reforms.”

The security agency had accused Emefiele of financing terrorism, fraudulent activities and economic crimes of national security dimension, during the tenure of former President Muhammadu Buhari.

But thr Chief Judge of the Federal High Court, Justice J.T Tsoho, had stopped the DSS from arresting him on the ground that the application for his arrest should have been accompanied with the presidential approval because of the grave implications for the Nigerian economy if the CBN governor was arrested and detained.

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