Few hours after he was suspended by President Bola Tinubu, Godwin Emefiele, Godwin Emefiele, governor of Central Bank of Nigeria was arrested by the Department of State Services (DSS) over allegations pertaining to terrorism financing and economic crimes.
In December 2022, a Federal Capital Territory (FCT) High Court in Garki, Abuja, barred the DSS from arresting and detaining Godwin Emefiel
Though details of his arrest are still sketchy at the time of this report, many believe that his arrest might be connected with the pending allegation of financing terrorist groups in Nigeria.
Section 15 (1) of the Economic and Financial Crimes Commission Act of 2004 states that: “A person who willfully provides or collects, by any means, directly or indirectly, any money from any other person with the intent that the money shall be used for any act of terrorism commits an offense under this Act and is liable on conviction to imprisonment for life.”
Meanwhile, after his suspension, he has been directed to hand over the affairs of the CBN to Deputy Governor Folashodun Adebisi Shonubi.
