Breaking News: DSS arrests Godwin Emefiele

The Department of State Services (DSS) has arrested and suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.PEBNEWS reports that Emefiele’s arrest follows his suspension as CBN governor by President Bola Tinubu on Friday evening.Tinubu’s order was contained in a statement by the Director of Information, Office of the Secretary to the Government of the Federation, Willie Bassey.Emefiele was subsequently instructed to transfer responsibilities of his office to the Deputy Governor (Operations Directorate), who will serve as the acting Central Bank Governor until investigations and necessary reforms are completed.However, Emefiele’s arrest by the secret police has multiplied the complexity of the situation.Meanwhile, the DSS had filed a case (ex-parte motion) against Emefiele on December 7, 2022, seeking permission to arrest, probe and detain him.This appeal was declined by the federal high court in Abuja on December 9, 2022.The DSS accused Emefiele of the following;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. Illegal economic crimes of National security dimension4. Money Laundering5. Unwholesome activities through proxies6. Round tripping7. Conferment of financial benefits to self and others8. Threat to National Security9. Criminal conspiracy to divert government resources.