Northern Nigerian Breaking News

DSS allegations against Emefiele before his suspension, arrest

The Department of State Security (DSS) has arrested the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, The PM News reports.

He was arrested shortly after his suspension by President Bola Tinubu on Friday night.

However, the newspaper was silent on where the CBN governor was picked up by the secret police.

Meanwhile, prior to Emefiele’s suspension, the DSS had alleged him of several offences that include,  funding Unknown gunmen, ESN and IPOB with money he raised for his failed presidential bid last year and funds diverted from government coffers, mismanagement of Nigeria’s social investment program (NISRAL and the Anchor Borrowers Scheme) , Illegall economic crimes of National security dimension, money laundering and unwholesome activities through proxies


Others are , round tripping, conferment of financial benefits to self and others, threat to National Security, criminal conspiracy to divert government resources and terrorism financing

The president had in a statement issued by the Director of Information, Office of the Secretary to the Government of the Federation, Willie Bassey, ordered Emefiele to transfer his responsibilities to the CBN’s Deputy Governor in charge of operation pending the conclusion of the investigation into his activities in office.

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The Chief Judge of the Federal High Court, Justice John Tsoho, had in January restrained the DSS from arresting or detaining the CBN governor for alleged terrorism financing.

The DSS, thereafter, made several efforts to arrest the Delta State-born banker but former President Muhammadu Buhari intervened and stopped the agency.

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