DSS arrests suspended CBN governor, Godwin Emefiele

The suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been arrested by the Department of State Service, according to multiple reports.

NewsWireNGR had earlier reported that President Bola Tinubu “suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect…sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.”

The DSS had earlier in the year leveled some allegations against Emefiele:

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