Connect with us

Naija News

DSS invading CBN, taking over Emefiele’s office is violation of the court ruling

Published

on

DSS invading CBN, taking over Emefiele’s office is violation of the court ruling

The recent events at the Central Bank of Nigeria (CBN) have left many in the financial community in shock. The Department of State Security (DSS) has taken over the office of Godwin Emefiele, Governor of the CBN, at the bank’s headquarters.

This move comes amidst an ongoing battle between the CBN governor and the DSS over allegations of terrorism financing.

The situation has been escalating in recent months, with the DSS seeking a court order to arrest Emefiele, who has been out of the country on annual leave. However, in December 2022, the FCT High Court barred the secret service from arresting, inviting, or detaining Emefiele.

Despite this ruling, on Monday noon, DSS operatives stormed the CBN headquarters with 20 vehicles filled with armed personnel. The operatives also barred all staff of the bank from gaining access to Emefiele’s office.

This is a clear violation of the court ruling and a serious breach of the independence of the Central Bank.

This sudden and dramatic turn of events has raised serious concerns about the state of Nigeria’s financial system and the stability of the CBN.

The CBN is an important institution in the Nigerian economy and any interference in its operations can have far-reaching consequences. The international community is closely watching the situation and waiting for clarification on the matter.

Many experts are calling for a swift resolution to this crisis and for the DSS to respect the independence of the Central Bank. The CBN plays a crucial role in the stability of Nigeria’s economy and any interference in its operations can have serious consequences.

The international community is closely monitoring the situation and waiting for more information.


Do you find Raw Nigeria! useful? Click here to give us five stars rating!


Check and Confirm: How much is Dollar to Naira, Pounds, Euro, etc.


Copyright Warning!

Contents on this website may not be republished, reproduced, or redistributed either in whole or in part without due permission or acknowledgment.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).

The images, except where otherwise indicated, are taken directly from the web, if some images were inserted by mistake violating the copyright, please contact the administrator for immediate removal.

We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us for immediate removal.