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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

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    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

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    iPhone 16 Sales Surge 20% in China, Signaling a Strong Comeback

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    Pick n Pay Set to List Boxer Business in Africa’s Largest IPO of 2024

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DSS arrests Emefiele after suspension by President Tinubu

by Eucharia Egwuma
June 10, 2023
in National, Headlines
Reading Time: 1 min read
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CBN reduces MPC rate from 13.5% to 12.5% over Coronavirus
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In a shocking move late Friday, the Department of State Services (DSS) apprehended Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), shortly after his suspension by President Bola Tinubu.

President Tinubu’s decision to suspend Emefiele did not come as a surprise to many, as the embattled CBN governor had been widely criticised for the way he has allegedly mismanaged the nation’s monetary policies.

A statement announcing his suspension said the move came amid “ongoing investigation of his office and the planned reforms in the financial sector of the economy.”

Willie Bassey, the Director of Information at the office of the Secretary to the Government of the Federation, said Emefiele’s suspension is with immediate effect.

Following the suspension, the DSS swiftly moved to arrest Emefiele, taking him into custody supposedly for questioning.

It will be recalled that Emefiele had been accused of allegedly aiding and abetting acts of terrorism and the DSS made unsuccessful attempts to arrest him before President Tinubu took office.

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Tags: Asiwaju Bola TinubuCentral Bank of Nigeria (CBN)Department of State Services (DSS)Godwin Emefiele
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