Just In: Minutes after his suspension as CBN Governor, DSS arrests Godwin Emefiele.

The suspended Governor of CBN has been arrested by DSS on Friday. The arrest was reported shortly after President Bola Tinubu suspended Emefiele.

According to the president, Emefiele was suspended due to the ongoing investigation of his office & the planned reforms in the financial sector of the economy.

Prior to Emefiele’s suspension, the DSS, 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 & economic crimes of national security dimension.

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 & detained.