SSS Detain Suspended CBN Governor Emefiele
Godwin Emefiele, the previous governor of the Central Bank of Nigeria, has been detained by the State Security Service (SSS).
An ally of Mr. Tinubu’s, Bayo Onanuga, conveyed information about Mr. Emefiele’s detention, which was reported by PM news on Friday night. This newspaper attempted to reach SSS spokesperson Peter Afunanya for comment, but he did not return their calls.
After Mr. Emefiele was suspended by President Bola Tinubu, Adebisi Sonubi, the deputy governor in charge of operations, took his place.
The CBN governor’s suspension, according to the statement announcing Mr. Emefiele’s dismissal, was “sequel to the ongoing investigation of his office and the planned restructuring in the finance sector of the economy.”
On June 4, 2014, Mr. Emefiele, 61, took over as president after previous President Goodluck Jonathan controversially fired his predecessor Lamido Sanusi.
During Mr. Emefiele’s presidency, Nigeria’s enormous foreign reserves were depleted at a never-before-seen rate, and there was agonizing inflation brought on by currency depreciation.
He repeatedly asserted that his actions were required to address the country’s problems, which grew more serious as a result of falling fuel prices on the global market and Nigeria’s production output declining as a result of ongoing hostilities in the oil-rich Niger Delta and a coordinated exodus of foreign oil majors.
