EFCC detains Emefiele after release from DSS

by Samson Echenim

Embattled ex-governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has been released from the custody of the Department of State Services (DSS) and picked up by the Economic and Financial Crimes Commission, EFCC.

The EFCC is yet to confirm that it has taken custody of the former top banker, but The Economy gathered that the DSS released Emefiele to the anti-graft agency on Thursday.

Despite the unavailability of official confirmation, media reports suggest that Emefiele is currently undergoing interrogation at the EFCC headquarters in Abuja.

Emefiele has been in the custody of the DSS since June 2023, following his suspension by President Bola Tinubu.

After his suspension, the DSS announced that Emefiele was in its custody for “some investigative reasons”.

On July 25, he appeared before a Federal High Court in Lagos, where he was arraigned on a two-count charge linked to the “illegal possession” of firearms.

He was subsequently granted bail in the sum of N20 million.

On August 17, the Federal Government withdrew the two-count charge, resulting in its subsequent dismissal.

However, an additional 20 charges were brought against Emefiele by the Federal Government, which accused him of conspiring to engage in procurement fraud and other illegal activities.

On September 22, the CBN officially confirmed Emefiele’s resignation, after Olayemi Cardoso was appointed and confirmed as substantive governor of the apex bank.

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The Nigerian Economy

The Economy is an online newspaper focusing on delivery of top-notch economic, financial and business intelligence reports for economic development. It is published by Samhapp Integrated Services Ltd., 1, Ojogiwa Street (1st floor) Off Idumagbo Avenue, Lagos Island, Lagos State, Nigeria, West Africa

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