Report: Emefiele to return to Nigeria next week

Godwin Emefiele

Barring any unforeseen circumstances, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), will return to Nigeria next week after the expiration of his leave.

Emefiele went on leave before Christmas with the knowledge of President Muhammadu Buhari, TheCable quoted presidency insiders as saying.

He spent the first part of his leave in the US but he is currently in the UK, the media outlet reports.

The leave ends on January 17 and he will be at his desk thereafter.

When he went on leave, it emerged that the Department of State Services (DSS) had approached a federal high court in Abuja seeking a warrant to arrest him over allegations that he was involved in terrorism financing and economic crimes.

In declining the motion ex parte — usually filed by an applicant in the absence of the respondent — Justice JT Tsoho, the chief judge, said the secret police did not provide any concrete evidence to corroborate its allegations.

There were suggestions that the bid to arrest Emefiele might be political given the impact the redesign of the naira and limit on cash withdrawals might have on vote-buying in the 2023 elections.

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