The planned arraignment of the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, stalled at the Federal Capital Territory High Court, Abuja, on Thursday.Although Emefiele was present, the arraignment could not hold as the second defendant, Saadat Yaro, was absent.Counsel to the Federal Government and Director of Public Prosecution of the Federation, Mohammed Abubakar, told Justice Hamza Muazu that Mrs. Saadat Yaro took ill in the morning, hen...

After several speculation about the whereabouts of the Suspended Central Bank Governor, the Department of State Services (DSS) this afternoon confirms that Mr Godwin Emefiele, is now in its custody for some investigative reasons.DSS had in February files 10 charges against Emefiele which includes funding of terrorism.It is not clear when Emefiele will leave the DSS custody.

The governor of Kano State stated on Friday that the redesign of the naira was never on the agenda of the All Progressive Congress, APC, but rather was the result of a calculated scheme by Goodwin Emefiele, governor of the central bank, and a small group of cronies close to President Muhammadu Buhari.During an interview on the BBC Hausa radio service, he made the accusations.More than 200 million Nigerians are already feeling the pressure from the currency swap as r...