Home » Headlines » Suspended CBN Gov Emefiele Implicates Traditional Rulers, Army Generals, Judges in DSS Custody

Suspended CBN Gov Emefiele Implicates Traditional Rulers, Army Generals, Judges in DSS Custody

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Suspended CBN Gov Emefiele Implicates Traditional Rulers, Army Generals, Judges in DSS Custody

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The suspended Governor of Central Bank (CBN), Godwin Emefiele, who is currently in the custody of the Department of State Services (DSS), has reportedly implicated several high-ranking officials, including traditional rulers, army generals, and judges, as his accomplices in corruption.

According to sources, Emefiele has been cooperating with investigators and revealing instances of how he gave money to these influential figures during his tenure.

The source was quoted as saying, “As per Emefiele, he is cooperating with investigators and revealing a lot. Emefiele corrupted and bribed almost every major traditional ruler, army generals, some judges and clerics.

“Almost all the CBN directors are also being quizzed and they too are cooperating.”

Both Emefiele and Abdulrasheed Bawa, the suspended Chairman of the Economic and Financial Crimes Commission (EFCC), were relieved of their duties by President Bola Tinubu’s administration following allegations of corruption and abuse of office.

Emefiele has also implicated Bawa in a scam involving the redesign of Nigeria’s currency, the Naira.

The DSS sources suggest that Emefiele is divulging significant information, highlighting major accomplices in the mismanagement of Nigeria’s apex bank.

The redesign of the Naira in 2022, which was allegedly suggested by Emefiele and former Attorney-General of the Federation, Abubakar Malami, sparked a cash crisis and resulted in a shortage of Naira notes.

Emefiele claimed that Bawa raised a memo to former President Muhammadu Buhari, asking for the Naira to be redesigned to stem money laundering during the 2023 election, which they suspected to be aided by large cash reserves of Bola Tinubu, then-presidential candidate of the ruling All Progressives Congress.

This article was updated 4 months ago

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