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See Why DSS Arrested Godwin Emefiele

Godwin Emefiele
See Why DSS Arrests Godwin Emefiele

See Why DSS Arrests Godwin Emefiele

The Central Bank of Nigeria’s suspended governor, Godwin Emefiele has reportedly been detained by the Department of State Services (DSS).

Recall that Touchaheart News reported earlier that Emefiele was already suspended by President Bola Tinubu on Friday.

In addition, Tinubu replaced Emefiele as interim governor of the Central Bank of Nigeria by appointing Mr. Folashodun Adebisi Shonubi.

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His arrest is coming after President Bola Ahmed Tinubu’s suspended him and instructed that he immediately hand over control of his office to the Deputy Governor in charge of Operations Directorate, who will serve as the Central Bank Governor while an investigation is conducted and reforms are implemented.

According to News Direct, the secret police had done everything within its power to effect his arrest unsuccessfully.

On December 7, 2022, the DSS submitted their case (ex-parte motion) against Emefiele, requesting authorization to detain, question, and maybe arrest him. On December 9, a federal high court in Abuja, however, rejected the DSS’s application.

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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 by 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 DSS 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.

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

It said that he mismanaged public funds under his control.

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