Godwin Emefiele: The arrest, charges faced by the ousted CBN Governor (Video)
The Department of State Services (DSS), a covert security agency of the government, confirmed the arrest of Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN).
Initially, the DSS released a statement on Saturday morning denying any custody of Godwin Emefiele. However, they have now acknowledged his arrest.
READ ALSO: DSS takes custody of suspended CBN Governor, Godwin Emefiele, confirms arrest
Emefiele who is facing serious allegations brought against him by the DSS which led to his suspension, are as follows:
- Embezzlement and Misappropriation of Funds: It is alleged that Emefiele misused funds intended for his failed presidential bid and diverted money from government coffers to support unknown gunmen suspected to be members of the Eastern Security Network (ESN), and the Indigenous People of Biafra (IPOB).
- Mismanagement of Nigeria’s Social Investment Programs: The DSS accuses Emefiele of mishandling the National Social Investment and Agricultural Loan schemes (NIRSAL and the Anchor Borrowers Scheme) designed to uplift the country’s socio-economic conditions.
- Engaging in Illegal Economic Activities: The DSS claims that Emefiele committed economic crimes that posed a threat to national security.
- Money Laundering: Emefiele is alleged to have been involved in illegal money laundering activities, thus compromising the integrity of the financial system.
- Unethical Conduct through Proxies: It is alleged that Emefiele engaged in unscrupulous practices through intermediaries to further his personal interests.
- Round-Tripping: Emefiele is accused of engaging in round-tripping, a practice involving the manipulation of foreign exchange rates for personal gain.
- Abuse of Power for Financial Gain: The DSS alleges that Emefiele used his position to confer financial benefits on himself and others, thereby abusing his authority.
- Threats to National Security: The DSS claims that Emefiele’s actions posed a significant threat to the nation’s security, although specific details have not been disclosed.
- Conspiracy to Divert Government Resources: Emefiele is accused of being part of a criminal conspiracy to divert government resources for personal use, thereby undermining the nation’s development.
- Financing Terrorism: The DSS alleges that Emefiele was involved in the illegal financing of terrorist activities, although the specific groups or individuals involved have not been mentioned.
The authorities are conducting a thorough investigation into these charges to determine the veracity of the claims and ensure accountability.
Watch the video below: