The Department of State Service (DSS) has arrested the Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele.
He was arrested by DSS on Friday night shortly after President Bola Tinubu suspended him from office.
Tinubu said he suspended Emefiele due to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.
The President, had also directed Emefiele 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.
Recall that late last year, at the height of the currency swap saga, the DSS, had on December 7, 2022, in an exparte application with reference no: FHC/ABJ/CS/2255/2022, sought an order to arrest the CBN Governor.
The security agency accused Emefiele of financing terrorism, fraudulent activities and economic crimes of national security dimension.
However, the Chief Judge of the Federal High Court, Justice J.T Tsoho, however, refused to grant the application of the DSS.
The court said such an application should have been accompanied with the presidential approval because of the grave implications for the Nigerian economy if the CBN governor is arrested and detained.
