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Sunday, October 1, 2023

BREAKING: DSS releases CBN deputy governor Kingsley Obiora from detention

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The Department of State Services (DSS) has reportedly released the Deputy Governor of the Central Bank of Nigeria (CBN) in charge of Economic Policy Dr. Kingsley Obiora from detention.

According to The Nation, a source close to Obiora said he was released from the DSS’ custody on Saturday afternoon, September 2, 2023.

The source also admitted that Obiora spent some days with the DSS, but he stated that he had no knowledge of what transpired between Obiora and the DSS while in detention.

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The source who is a CBN official further said the Deputy Governor’s release from detention was welcomed by the staff of the apex bank, many of whom were already worried that they were being specifically targeted.

The CBN official said the Jim Obaze led Special Investigations Panel had “requested for several documents from many departments as part of its investigation to unravel what transpired in the CBN under Emefiele”.


He also disclosed that the Special Investigation Panel had written to and requested for documents from Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) and the NIRSAL Microfinance Bank (NMFB).

Officials of NIRSAL Plc and NMFB are said to be scrambling to provide all the documents required of them. In fact, NMFB has in recent times ramped up its drive to recover the COVID-19 Targeted Credit Facility (TCF) disbursed to indigent households.

In response to the arrest and prosecution of Emefiele on allegations of financial misconduct in late July, President Tinubu appointed a special panel led by Jim Obazee to investigate the CBN.

As part of this ongoing audit, the panel has been questioning the deputy governors of the CBN and other senior officials of the bank.

The CBN source said that “Obiora like the other Deputy Governors, has faced intense questioning from the panel prior to his detention”.

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