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The arrest of the suspended Central Bank Governor, Emefiele is yet to be confirmed or denied by DSS.

Spokesperson to the DSS, Dr Peter Afunanya, when asked to confirm the arrest, only said; “Inundated. I may not be able to make any confirmations now, please.”

Recall that Emefiele had been accused by the DSS of fraternizing with a well-known terror financier, whose name was not disclosed.

The DSS said the CBN governor was involved in the financing of terrorism and must answer for the alleged crime.

Back in February, it said preliminary investigation revealed various acts of terrorism financing, fraudulent activities perpetrated by Emefiele and his involvement in economic crimes of national security dimension.

In the heat of the case, the DSS had tried to arrest Emefiele but a Federal High Court in Maitama, Federal Capital Territory (FCT), Abuja issued an order restraining it from arresting Emefiele.

This ruling, delivered by Justice M.A. Hassan also applied to the Inspector-General of Police (IGP), the Attorney-General of the Federation (AGF), the Economic and Financial Crimes Commission (EFCC) who were listed as defendants.

Earlier, a Federal High Court sitting in Abuja declined an application filed by the DSS to arrest and detain Emefiele over the grave allegations against him.

In declining the motion ex parte filed by the secret police, Justice J. T. Tsoho, the Chief Judge, said the DSS did not provide any concrete evidence to substantiate its claims that Emefiele was involved in terrorism financing and economic crimes

Meanwhile, the CEO of Centre for Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, said, the suspension of the CBN Governor did not come as a surprise, saying that President Bola Tinubu has made it known that there was need for a thorough house cleaning at the CBN and the general monetary policy environment.

According to Yusuf, Tinubu did not hide his feelings about the need to reform the CBN and to do house cleaning in CBN. He was also very clear about not being in support of some major policies of CBN, which is in the area of the foreign exchange policy and naira redesign.

“He did not hide his displeasure. With this, it shows that the continue is not consistency with some of his policy position. The result is what we are seeing. They are not on the same page as far as fundamental policies are concern.”


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