DSS Arrests Godwin Emefiele

The Department of state service (DSS) has reportedly arrested suspended CBN Governor, Godwin Emefiele.

New CBN Governor Emerges

This is coming after President Tinubu ordered his suspension and expressed the desire to probe him following the financial status of the country.

Willie Bassey, director of information, SGF office, in a statement issued on Friday, said the suspension is with immediate effect.

According to the statement, Emefiele is to transfer his responsibilities to the deputy governor, operations directorate.

Folashodun Adebisi Shonubi, the deputy governor, is expected to act as the CBN governor pending the conclusion of an investigation of Emefiele’s office.

“This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy,” the statement reads.

“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 investigation and the reforms.”

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