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HomeTop NewsCBN Governor Emefiele returns to Nigeria next week after his holiday

CBN Governor Emefiele returns to Nigeria next week after his holiday

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By Samuel Bankole

Contrary to speculations in the local media, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele is expected back in the country next week after the expiration of his leave.

There have been some speculations in the local media that Emefiele was back in the country on Wednesday, but sources within the regulatory back said he is yet to be back as his official leave is not over yet.

The CBN Governor had traveled with President Mohammadu Buhari during his recent visit to the United States to attend the US African leaders summit and subsequently stayed back for his leave with the approval of the president.

A report by TheCable on Thursday suggested that the regulatory bank helmsman is currently holidaying in the United Kingdom and would soon be back in the country.

READ ALSO: Nigeria’s equity market advances 0.62% on investor’s interest in MTN Nigeria, other stocks

While Emefiele was outside the country, the Department of State Services (DSS) had filed an ex perte motion at a federal high court in Abuja seeking a warrant to arrest him over allegations that he was involved in terrorism financing and economic crimes.

However, the court declined the secret police request on the ground that the DSS failed to provide any concrete evidence to substantiate its claims.

Another federal capital territory (FCT) high court in Maitama, headed by M.A. Hassan later issued an order restraining the  DSS from arresting the CBN governor.

The move by the secret police to persecute him may not be unconnected with the recent policy by the CBN to redesign the nation’s currency and also restrict the volume of cash in circulation, which may impact the ongoing political process.

There have been hues and crying within the political space by politicians who believed that the move will encumber their success in the forthcoming election and tends to curtail spending to influence the direction of the next month’s election.

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