Central Bank of Nigeria

Point of sale (PoS) operators under the aegis of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) say they will head to court if the ...

“The senate has also made recommendations to the CBN. We have also written to them and they have also assured that they would get back in trying to adjust these things (cash withdrawal limits). I mean, if they remain grandstanding in their position, then we have no other choice, but at this time, this is what it is.” “We believe that the CBN listens, we believe that the ultimate goal of the CBN is to help Nigerians and not to make Nigerians feel more economic pain and hardship. “Yes, going to court is actually an option on the table. So, we also rely on lawyers.

•Court stops Emefiele's arrest. •Declares Buhari's authority required to arrest CBN gov. •Frowns at use of court to cover for irregular procedure, ...

“It will not, by any means, succumb to propaganda, intimidation and the desperation of hirelings to undermine it. “Given not to joining issues, the service warns those on a wild goose chase to be mindful of their actions. A presidential candidate of a major political party is on the plot as well. “They are working on the premise that the court would grant an order for the Service to arrest and detain Mr. The State Security Service, an agency of federal government, secretly approached the Federal High Court Abuja, and filed an ex parte application against Mr. Emefiele to the United States of America with President Muhammadu Buhari may have stalled this aspect of the plan. Godwin Emefiele was removed from office or ceased to be the Governor of the Central Bank of Nigeria. We believe that the plot further included carrying out of activities, which would have put the life and person of Mr. Some of the inscriptions read: ‘We will resist those who want to destabilise Buhari’s economic and monetary policies’; ‘Supporters of Buhari’s economic agenda want DG DSS sacked for attempting to frame CBN Governor for terrorism’; ‘Shocking: DSS Court action to frame CBN Governor for terrorism uncovered. “If it is, then, he is unarguably a high ranking public official in Nigeria and occupies a sensitive position as one of the key drivers of the nation’s economy. Priscilla read: “Upon perusal of the documents that constitute the Applicant’s Motion Ex parte dated and filed on 7/12/2022, I am constrained to make the following vital observations. The CTC, which was dated December 13, and signed by a staff of the Court, one Mrs.

The DSS or State Security Service (SSS) had accused Emefiele of allegedly aiding and abetting acts of terrorism. A Federal High Court sitting in Abuja has ...

It is left to speculation if the "Godwin Emefiele" is the same person as the serving Governor of the Central Bank of Nigeria. I however do not find such evidence in this Instant application, whereas it is a necessary procedure in the observance of the Rule of Law disclosed in the supporting affidavit. The Respondent in this application is named as "Godwin Emefiele" without disclosure of his status or position anywhere; not even In the affidavit. It is my respectful opinion that the ipse dixit of the Applicant standing on its own, is not sufficient evidence upon which to deprive a person of his liberty. The entire affidavit depositions, especially as per paragraph 4 of the supporting affidavit, purport that preliminary investigation has revealed various acts of Terrorism Financing, fraudulent activities perpetrated by the Respondent and his Involvement in economic crimes of national security dimension. Tsoho, the Chief Judge, said the DSS did not provide any concrete evidence to substantiate its claims that Emefiele was involved in terrorism financing and economic crimes.

The Chief Judge of the Federal High Court, Justice John Tsoho, has turned down a request by the Directorate of State Service (DSS) to arrest the Governor ...

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 this Court. The Respondent in this application was named as “Godwin Emefiele” without disclosure of his status or position anywhere; not even in the affidavit. 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 this Court.”

A Federal High Court sitting in Abuja has reportedly stopped the Department of State Services from arresting the Governor of the Central Bank of Nigeria, ...

The service warned those on a wild goose chase to be mindful of their actions. 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.”

Since di announcement of di CBN on di new monetary policy wey go bring in new naira notes pressure don dey on oga Godwin Emefiele.

“Sake of dis reason I no go grant dis application exparte. Since di announcement of di CBN on di new monetary policy wey go bring in new naira notes pressure don dey on oga Godwin Emefiele. “E go make pipo dey wonder weda di Godwin Emefiele na di same pesin wey dey serve as Governor of di CBN. E say di DSS need to clarify weda di pesin wey dem bring im matter come court na di CBN oga or na anoda pesin. For di ex parte order, di DSS accuse Godwin Emefiele say e fund terrorism and by virtue of dat e don commit economic crimes. Di DSS bin file charges of terrorism financing against Emefiele wey court hear and say make di service go bring better evidence.

The Central Bank of Nigeria, CBN, yesterday, threatened to withdraw foreign exchange dealership licences of banks that partner with International Money Transfer ...

requirements). In a bid to boost diaspora remittances especially through the banking system, the CBN, in November 2020 circular to banks, had directed that beneficiaries of such remittances should be paid in dollars through the designated banks of their choice. The Central Bank of Nigeria, CBN, yesterday, threatened to withdraw foreign exchange dealership licences of banks that partner with International Money Transfer Operators, IMTOs, to violate its directive that beneficiaries of diaspora remittances should be paid in currency of their choice.

A federal high court sitting in Abuja has declined an application by the Department of State Services (DSS) to arrest and detain Godwin Emefiele, ...

The group also accused the DSS of not informing President Muhammadu Buhari of the investigative report showing them that Emefiele is a terrorist and faulted the agency for allowing him to travel out of the country with the President and have unrestricted access to him. The group under the auspices of Coalition of National Interest Defenders alleged that to achieve the aim of getting Emefiele arrested, the DSS secretly instituted a court action against him at the Federal High Court in Abuja. It therefore seems that the Applicant intends to use the court, as a cover for an irregular procedure, which is unacceptable. Essentially, our correspondent gathered that since announcement of the naira redesign policies, the DSS has been making enquiries from the apex bank, which the regulatory authority felt was impugning its independence as the Service kept on inviting central bank officials over the process, currency printing and minting, among others. If it is, then he is unarguably a high ranking public official in Nigeria and indeed occupies a sensitive position as one of the key drivers of the nation’s economy. “This is not the situation here, as Godwin Emefiele, the CBN Governor was shown on television, even last (Sunday) night, having audience with the President of Nigeria.