Court nullifies Emefiele’s arrest and detention

The arrest and detention of the suspended Central Bank Governor, (CBN), Godwin Emefiele, by the Department of State Services (DSS) has been nullified by another Abuja Federal High Court. Emefiele, through his Counsel, Peter Abang, had asked the court to set aside and nullify his arrest and detention for being illegal and a nullity in view of the subsisting judgment by another court delivered on 29th December, 2022. Delivering judgement on the case, Justice Bello Kawu held that the arrest, detention and interrogation of Emefiele is in violation of the…

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Court orders DSS to ‘immediately’ grant Emefiele access to lawyers

The High Court of the Federal Capital Territory, (FCT) sitting in Abuja, has ordered Department of State Service, (DSS) to allow Counsel to the suspended Governor of the Central Bank of Nigeria, (CBN), Godwin Emefiele access to him. The presiding judge, Justice Hamza Mu’azu granted the interim order in an ex -parte motion brought before the court by Godwin Emefiele as an applicant. The order of the court is based on the fundamental rights of the applicant presently in the custody of the DSS. The matter has been adjourned to…

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DSS makes U-turn, confirms arrest of CBN Governor, Emefiele

The Department of State Services (DSS) yesterday finally confirmed the report on the arrest of suspended Governor of the Central Bank of Nigeria, (CBN) Godwin Emefiele, saying he is now in its custody. According to reports, Emefiele was arrested in Lagos and flown to the Federal Capital Territory for questioning. Recall that President Bola Tinubu had on Friday announced the suspension of Emefiele, citing an investigation and reforms in the financial sector. He was directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate)…

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“Don’t be like Buhari, allow Emefiele defend himself” – Omokri to Tinubu

Socio-political activist, Reno Omokri, has advised President Bola Tinubu against detaining the former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, without providing an opportunity for him to defend himself against any allegations made. Omokri emphasised that Tinubu should avoid repeating the errors of former President Muhammadu Buhari, who arrested officials from the previous administration without affording them the chance to present their defense. In a tweet, Omokri stated: “The whereabouts of Godwin Emefiele remain unknown. It is imperative that the Tinubu administration refrains from incarcerating him while making public…

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President Tinubu suspends Emefiele as CBN Governor

Governor of the Central Bank of Nigeria, (CBN), Godwin Emefiele, has been suspended from his position by President Bola Tinubu. The Director of Information, Office of the Secretary to the Government of the Federation, Willie Bassey, made the announcement yesterday, on behalf of the Secretary to the Government of the Federation. According to Bassey, “This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy. “Emefiele has been directed to immediately hand over the affairs of his office to the…

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‘Emefiele not involved in Lagos State politics’ – CBN

The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has no involvement in politics, especially as regards the March 18 governorship election in Lagos State, the bank stated yesterday, in Abuja. Its acting Director, Corporate Communications, Mr Isa AbdulMumin, made the declaration in reaction to a newspaper report, titled: “Emefiele launches fresh plot against President-elect, Tinubu’’. According to the newspaper report, Emefiele gave money to a certain candidate in the Lagos State governorship election to spite the president-elect, Sen. Bola Tinubu. However, AbdulMumin said the story is completely false and…

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2023: “CBN will not be used to frustrate polls” – Emiefele

Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said that the apex will not allow itself to be used to frustrate the forthcoming general elections. Emefiele, who spoke when the Chairman of the Independent National Electoral Commission, (INEC), Prof. Mahmood Yakubu, led eleven National Commissioners on a visit to the Bank, said the CBN will make available every cash needed to pay logistics for the success of the elections. He was responding to a request from the INEC Chairman that the CBN should find a way of addressing the…

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Naira Scarcity: “Nigerians suffering; don’t be dogmatic with deadline”, Tinubu tells CBN Gov.

Presidential candidate of the ruling All Progressives Congress (APC), Asiwaju Bola Tinubu, has counseled the Central Bank of Nigeria, (CBN) to be pragmatic, rather than being dogmatic in its deadline for the swap of old currency notes for new ones, saying the sufferings of Nigerians must not be overlooked. This was as he again appealed to Nigerians to remain calm as the government and relevant agencies continue to work out solutions to both Naira and fuel scarcity. Director, of Media and Publicity at the APC Presidential Campaign Council PCC, Bayo…

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Court stops CBN, Buhari from extending deadline for old Naira notes

A High Court sitting in the Federal Capital Territory, (FCT), has restrained President Muhammadu Buhari, the Central Bank of Nigeria, (CBN), its Governor, and 27 listed commercial banks from suspending, stopping, extending, or interfering with the currency redesign Feb. 10 terminal date, or issue any directive contrary to that date. In a Motion by five of the eighteen political parties, the Court, presided over by Justice Enenche also granted an order directing the Chief Executive Officers (CEO’s) of the banks and their alter egos to show cause why they should…

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New Naira Notes: “We’re on our knees”, Emefiele begs Nigerians

…Rules out 10-day extension The Central Bank of Nigeria, (CBN) Governor, Godwin Emefiele, has ruled out the possibility of extending the 10-day grace for the old Naira notes to remain in circulation.  The governor, who made the appeal on Friday during a press conference in Lagos, said the pain is temporary, stressing that cash will be available in no distant time.  Emefiele appealed to Nigerians to endure the pains emanating from difficulties in getting the newly redesigned Naira notes from financial institutions. He said the leadership of the apex bank…

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