DSS frees Emefiele, EFCC arrest him – in a swap

DSS frees Emefiele, EFCC arrest him – in a swap

 

 

former Governor of the Central Bank of Nigeria, Godwin Emefiele, regained freedom from the detention of the Department of States Services (DSS) but ended up in the custody of the Economic and Financial Crimes Commission (EFCC) almost in real time.

 

 

Emefiele, who was released by the DSS on Thursday night, ended up in the hands of the EFCC less than an hour after regaining freedom from the secret police dungeon.

 

 

According to a report by the EFCC, Emefiele is being probed Emefiele over alleged impropriety during his term as the head of the apex bank.

 

“Yes, Emefiele is currently in our (EFCC) custody; he was arrested last night less than an hour after the DSS freed him. He’s currently being interrogated at the Headquarters, as he’s being investigated for alleged misappropriation of funds amongst other things during his term as CBN governor,” the source noted.

 

 

Emefiele had been in the custody of the Department of State Services since June after President Bola Tinubu suspended him from office.

 

 

He was thereafter asked to transfer his responsibilities to Folashodun Adebisi Shonubi, then deputy governor, operations directorate at the apex bank.

 

A day after, the DSS announced that Emefiele was in its custody for ‘some investigative reasons’.

 

On July 25, he was arraigned on a two-count charge bordering on “illegal possession” of firearms at a federal high court in Lagos and was granted bail in the sum of N20 million.

 

The two-count charge was later struck out on August 17 after the Federal Government withdrew the same.

 

However, a fresh 20-count charge was instituted against him over an alleged conspiracy to carry out procurement fraud, among others.

 

The arraignment has been stalled twice, and Emefiele was reported to have proposed a plea bargain agreement with the Federal Government.

 

The proposed agreement required Emefiele to resign as CBN governor and ‘disgorge’ some assets.

 

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