BREAKING: EFCC arrests embattled Former CBN Governor Godwin Emefiele

EFCC has reportedly  arrested embattled Former CBN Governor Godwin Emefiele.

 

Newsonline Nigeria reports that the embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has been reportedly arrested and taken into custody by the  Economic and Financial Crimes Commission (EFCC) after he was yesterday released by the Department of State Services (DSS).

 

Although there is no official confirmation on this development, media reports suggest that Emefiele is currently undergoing interrogation, and there are hints that additional charges may be pressed against him. 

 

ALSO: DSS releases embattled Former CBN Governor Godwin Emefiele

 

This Nigeria news platform understands that Emefiele has been under the custody of the Department of State Services (DSS) since June, following a suspension by President Bola Tinubu. 

 

A day later, the DSS announced that Emefiele was in its custody for “some investigative reasons”. 

 

On July 25, he appeared in a federal high court in Lagos, where he was arraigned on a two-count charge linked to the “illegal possession” of firearms.  

 

Bail was granted, and the bail amount was fixed at 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 him, alleging that he conspired to engage in procurement fraud and other illegal activities. 

 

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