• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Legal & Regulations

Court stops DSS from arresting CBN Governor Godwin Emefiele

Chike Olisah by Chike Olisah
December 20, 2022
in Legal & Regulations
Godwin Emefiele, DSS, CBN

Image Credit: The Guardian Nigeria

Share on FacebookShare on TwitterShare on Linkedin

A Federal High Court sitting in Abuja has reportedly declined an application by the Department of State Services (DSS) to arrest and detain CBN Governor Godwin Emefiele.

The suit, with reference number FHC/Abj/CS/2255/2022, had the Department of State Services as the applicant.

The DSS was trying to arrest Emefiele over allegations bothering on “acts of financing terrorism, fraudulent activities and economic crimes of national security dimension.”

RelatedStories

Airports

DSS has no business searching bags at airports, says Aviation Minister 

December 9, 2024
DSS indicts ‘CBN staff’ for aiding theft of Anchor Borrowers’ funds, explains how 

DSS indicts ‘CBN staff’ for aiding theft of Anchor Borrowers’ funds, explains how 

October 9, 2024

What the court said: Justice J.T. Tsoho, who declined to grant the ex parte motion which sought to arrest Emefiele, was reported to have said that the DSS did not provide any concrete evidence to substantiate its claims that Emefiele was involved in terrorism financing and economic crimes.

  • According to Punch, the judge who refused to grant the DSS request said, ‘’In the light of the foregoing reasons, I decline to grant this application ex parte. If the applicant believes that the evidence available to it so far is sufficient, then it can as well arrest and detain the applicant, even without the order of the court. If however, the applicant desires to still pursue this application, then it should place the respondent on notice considering the sensitive public office that he occupies.”

Meanwhile, there are reports that the judge was uncomfortable with the fact that the application by the DSS to arrest the CBN Governor was not accompanied by presidential approval despite the sensitive nature of the matter and its grave implications for the Nigerian economy.

DSS issues warning: Meanwhile, the DSS in its reaction to the recent protests by some groups, stated that it would not join issues with those protesting the suit filed against the CBN governor, saying they were on a wild goose chase.

The secret police warned Nigerians against being used as instruments of destabilization, saying that the service will not be distracted by those seeking to use “propaganda” to undermine its lawful investigations.

The DSS in a press release by its spokesman, Peter Afunanya, maintained that it remains focused and unbiased and would not succumb to propaganda, intimidation and the desperation of hirelings to undermine it. Afunanya in the statement said:

  • “As such, the Service will continue to disseminate actionable intelligence to the relevant authorities devoid of any sentiment. While professionally discharging its mandate, the DSS pledges to. It will also not give room to the use of falsehood and deceit to misdirect public understanding and perceptions of issues of national importance.
  • “It will also not give room to the use of falsehood and deceit to misdirect public understanding and perceptions of issues of national importance. The service warned those on a wild goose chase to be mindful of their actions. Similarly, it urges members of the public to disregard the vituperations and rantings of misguided elements and not allow themselves to be used as instruments of destabilization.”

For catch up: There have been suggestions that the recent travails of Emefiele might be political given the likely impact the redesign of the naira and revised cash withdrawal limits may have on politicians and vote buying in the 2023 general elections.

  • Recall that there had been reports of a huge protest of people numbering over 200 who stormed a Federal High Court in Abuja following a reported suit secretly filed by the DSS, accusing the CBN Governor, Godwin Emefiele, of terrorism financing and other crimes.
  • The group of civil society organizations had raised alarm over an alleged plot to frame Emefiele for terrorism and remove him from office.
  • The protesters, who carried placards with various inscriptions, also alleged that the DSS embarked on the plot to remove the CBN governor for political and pecuniary reasons.

Follow us for Breaking News and Market Intelligence.
Tags: CBN GovernorDSSEmefiele
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

Related Posts

Airports
Aviation

DSS has no business searching bags at airports, says Aviation Minister 

December 9, 2024
DSS indicts ‘CBN staff’ for aiding theft of Anchor Borrowers’ funds, explains how 
Exclusives

DSS indicts ‘CBN staff’ for aiding theft of Anchor Borrowers’ funds, explains how 

October 9, 2024
Protest: Display of Russia flag by Nigerians sparks controversy as FG labels action “treasonable”  
Business News

Protest: Display of Russia flag by Nigerians sparks controversy as FG labels action “treasonable”  

August 6, 2024
CBN New Minimum Capital Requirement
Currencies

CBN sells fresh dollars to BDCs at N1,021/$ as naira loses steam

April 23, 2024
Suspension of Emefiele was long foreseen – Uwaleke
Legal & Regulations

How I collected $3 million cash for Emefiele – CBN official tells Court  

April 12, 2024
Lagos court remands Emefiele in EFCC’s custody till April 11
Legal & Regulations

Lagos court remands Emefiele in EFCC’s custody till April 11

April 8, 2024
Next Post
Wema Bank generates N6.1 billion from electronic banking in 2022

Wema Bank Supports SMEs in Nigeria with N1 Billion Loans for Renewable Energy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Sovereign green bond offer records N91.42 billion, oversubscribed by 183% – DMO 
  • Banks clear 95% of N180 billion USSD debt, 3 lenders still owing – ALTON 
  • BNY Mellon, Standard Bank launch naira-denominated notes for global investors 

Follow us on social media:

Recent News

DMO, FGN Savings Bonds

Sovereign green bond offer records N91.42 billion, oversubscribed by 183% – DMO 

June 19, 2025
Telecom operators moots price review, says current rate unsustainable

Banks clear 95% of N180 billion USSD debt, 3 lenders still owing – ALTON 

June 19, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics