Concerns over dollar-naira rate as the Department of State Services (DSS) moves to arrest Central Bank of Nigeria (CBN) Governor, Godwin Emefiele over alleged terrorism financing and economic crimes.
In the suit, FHC/ABJ/CS/2255/2022, the security agency asked the Federal High Court in Abuja permission to take Emefiele into custody.
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Justice John Tsoho did not grant the application. The Chief Judge said the DSS did not provide concrete evidence to substantiate its claims against the CBN chief.
Emefiele is accused of terrorism financing and economic crimes, though a coalition claims the plot is to keep him in solitary confinement ahead of the sack.
Since the news broke, Nigerians have been raising their concern about the fate of the naira, which is recovering from a recent free fall.
Though the current dollar-to-naira rate is about N745 on the black market, it nearly hit N900 sometime between October and November.
