Nigeria central bank governor arrested

 

Central Bank Governor of  Nigeria Godwin Emefiela

Nigeria suspended central bank governor, Godwin Emefiela, has  been detained and is being held in custody for investigative reasons, the police's Department of state services (DSS) said last Saturday. 

The country's new president, Bola Tinubu, suspended Emefiela with immediate effect last Friday, a measure the government said was linked to an ongoing probe of the governor's office and planned reforms in the financial sector. 

Emefiela 's suspension had been expected after he drew sharp criticism, during the run-up to February presidential vote, from Tinubu's camp. 

Allies of Tinubu accused the governor of trying to sabotage their election campaign when his plan to swap old naira bank notes caused severe cash shortages and trigged public anger. 

"The Department of state services (DSS) hereby confirms that Mr. Godwin Emefiela, the the suspended governor of the central Bank of Nigeria (CBN), is now in its custody for some investigative reasons, " the DSS statement reasons said. 

Emefiela has commended publicly about the investigation or his suspension. 

Under Nigerian law, the permanent removal of central bank governor from office would required a vote by the Senate. Daily Graphic  

Comments

Popular posts from this blog

Gabon: end of the “Bongo kingdom”

Politics

Entrepreneurship