More details emerge after Emefiele landed in DSS custody over his suspension by Tinubu

More details emerge after Emefiele landed in DSS custody over his suspension by Tinubu

Sunday Michael Ogwu, Muideen Olaniyi & Abbas Jimoh President Bola Ahmed Tinubu has suspended Godwin Emefiele, the embattled governor of the Central Bank of…

Tinubu and Emefiele

Sunday Michael Ogwu, Muideen Olaniyi & Abbas Jimoh

President Bola Ahmed Tinubu has suspended Godwin Emefiele, the embattled governor of the Central Bank of Nigeria (CBN).

It was learnt that officials of State Security Service (SSS) have also arrested him.

Credible sources around the presidency and the intelligence community said Emefiele was suspended because of many reasons, among them his recent role in naira swap and cashless policy that mopped up the entire money in circulation in the country, which nearly truncated the conduct of the 2023 general elections.

Tinubu had, at the height of electioneering, said the naira policy was targeted at him, insisting that he would certainly win the election despite sabotage from official quarters.

Neither the suspended CBN governor nor official spokesman of the apex bank, Isa Abdulmumin, could be reached for comment.

Recall that Emefiele had at various times denied wrong doing, insisting he was discharging his responsibilities as provided by the law.

Some of our sources said Emefiele ought to have been suspended long before the exit of former President Muhammadu Buhari, but he was not.

The sources said they were all appalled by the ‘I-don’t-care-attitude of Buhari’ to all the facts, figures and incontrovertible indicting documents presented to him by various agencies over financial malfeasance of the suspended CBN governor.

It was learnt that the SSS, the Economic and Financial Crimes Commission (EFCC) and many financial regulatory agencies, both at home and abroad, have issues to grind with the embattled Emefiele.

The announcement of his suspension was contained in a statement released on Friday night by Willie Bassey, the Director of Information, on behalf of the Secretary to the Government of the Federation, Senator George Akume.