JUST IN: Emefiele Set To Regain Freedom As EFCC Takes Over Case

EKO HOT BLOG reports that Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), is set to regain his freedom from the custody of the Department of State Services (DSS).

According to TheCable , sources at the ministry of justice revealed that the presidency has directed the Economic and Financial Crimes Commission (EFCC) to handle Emefiele’s case.

It would be recalled that President Bola Tinubu on June 9 suspended Emefiele and asked him to transfer his responsibilities to Folashodun Adebisi Shonubi, the then deputy governor, operations directorate.

The day after, the DSS announced that Emefiele was in its custody for “some investigative reasons”.

On July 25, Emefiele was arraigned on a two-count charge bordering on “illegal possession” of firearms at a federal high court in Lagos, and was granted bail in the sum of N20 million.

The two-count charge was later struck out on August 17 after the federal government withdrew same.

However, a fresh 20-count charge was instituted against him over an alleged conspiracy to carry out procurement fraud, among others.

The arraignment has been stalled twice fueling rumors that Emefiele was proposing a plea bargain agreement.

It was reported that such agreement would require Emefiele to resign as CBN governor and “disgorge” some assets.

On September 22, the CBN officially confirmed Emefiele’s resignation, after Olayemi Cardoso was appointed as substantive governor of the apex bank.

Abdulrasheed Bawa, former chairman of the Economic and Financial Crimes Commission (EFCC), was released from DSS custody on Wednesday after 134 days in detention.

The DSS confirmed the development via a post on its official X handle but provided no further information on the prevailing circumstances.

Bawa was arrested by the secret police shortly after he was suspended as chair of the EFCC in June over “abuse of office”.

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