Central Bank Deputy Governor Detained Amidst Investigation into CBN
In a surprising turn of events, Kingsley Obiora, the Deputy Governor of the Economic Policy Directorate of the Central Bank of Nigeria (CBN), has been detained by officials of the Department of State Services (DSS). This unexpected development has sent shockwaves through the CBN, leaving many of its staff bewildered and anxious.
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The news of Obiora’s detention was confirmed by a security source who chose to remain anonymous. The source also disclosed that Obiora is not the only CBN official currently in DSS custody, but they refrained from revealing the identities of the others.
Reports suggest that Kingsley Obiora’s detention is related to the activities of the Special Investigations Panel established by President Bola Tinubu. This panel was tasked with investigating the tenure of the suspended Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele.
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Speculations indicate that the Special Investigations Panel is pressuring Obiora to serve as a witness against Emefiele, the suspended bank chief. Notably, while other senior officials of the CBN have faced questioning, Obiora is not facing allegations of fraud or theft.
Kingsley Obiora, a former policy chief at the International Monetary Fund (IMF), played advisory roles for former Finance Minister Ngozi Okonjo-Iweala and Godwin Emefiele until his appointment as one of CBN’s four deputy governors on March 2, 2020.
Despite the pressure and scrutiny surrounding him, sources suggest that Obiora has been highly cooperative throughout the investigation, despite the panel’s persistent efforts to extract more information from him.
The circumstances surrounding the detention of a senior CBN official have raised questions and concerns within Nigeria’s financial sector. As the investigation unfolds, there is keen interest in how this development will impact the ongoing inquiry into the CBN’s leadership and operations.
The Nigerian public awaits further updates on this unfolding story, as authorities continue their investigations into the tenure of the suspended CBN Governor, Godwin Emefiele, and the role played by key figures such as Kingsley Obiora
