A federal capital territory (FCT) high court sitting in Maitama
has issued an order restraining the Department of State Services (DSS) from
arresting Godwin Emefiele, governor of the Central Bank of Nigeria (CBN).
The restraining order issued by M.A. Hassan, the presiding
judge, on Thursday, was also extended to the inspector-general of police (IGP),
attorney-general of the federation (AGF), the Economic and Financial Crimes
Commission (EFCC), and the CBN, who are listed as defendants.
Previously, a federal high court in Abuja declined an
application by the DSS to arrest Emefiele over terrorism charges.
The development comes amid speculations 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.
The naira redesign and cash withdrawal policy has elicited
varying reactions, while the house of representatives had recently expressed
reservations over the absence of the CBN governor following an invitation for
him to appear before the lawmakers.
But in a letter to the house of representatives on December
21, the CBN had said Emefiele is out of the country attending to an official
engagement and health challenges.
While appearing before the house on December 22, Aisha
Ahmad, CBN deputy governor, financial systems stability, insisted that the
policy was not targeted at politicians.
Meanwhile, the CBN has now reviewed the cash withdrawal
policy by increasing the maximum weekly limit for withdrawals across all
channels by individuals and corporate organisations to N500,000 and N5 million,
respectively.
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