Just In; Suspended CBN Governor Godwin Emefiele Launches Battle for Freedom

Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN), has commenced his fight for freedom amidst the ongoing battle.

This development has sparked intense speculation and discussions about the implications for both Emefiele and the country’s financial landscape.

He was 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 and the planned reforms in the financial sector of the economy.

Prior to Emefiele’s suspension, the DSS, on December 7, 2022, in an ex parte 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 the 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 by presidential approval because of the grave implications for the Nigerian economy if the CBN governor is arrested and detained.

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