The Department of State Service (DSS) has arrested suspended CBN Governor, Godwin Emefiele, NewStori reports.
Why Emefiele Was Arrested By The DSS
The arrest of the former CBN Governor was reported made shortly after President Bola Tinubu suspended him.
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.
How DSS Failed to Arrest Emefiele’s in 2022
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 and economic crimes of national security dimension.
Why The Chief Judge Denied DSS Arresting and Detaining Emefiele
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.