After Denial: DSS Reveals Arrest of Suspended CBN Governor, Emefiele
The news of the suspension of the Central Bank of Nigeria (CBN) governor, Godwin Emefiele, caused an uproar in the country. This was followed shortly after by the initial denial of his arrest by the Department of State Service (DSS). However, today, the DSS has revealed that the governor has indeed been arrested and is currently being held in detention. This unprecedented event is a major blow to the Nigerian economy, with the CBN responsible for ensuring the stability of the nation’s currency and controlling inflation in the country. The apprehension of the cbn governor, therefore, raises concerns in the minds of many about the state of the economy and the fate of the naira going forward. With no clear indication of when the cbn governor will be released, a sense of uncertainty has settled across the Nigerian economy. Adding to the confusion is the fact that the DSS has still yet to reveal any specific details or reasons for the detaining of the suspended CBN governor. So far, the only statement given by the DSS on the matter is that it is ‘in the best interests of the public’. This leaves many on edge, particularly those who rely on the CBN as a source of security and stability in the Nigerian financial system.
