LAGOS SEPTEMBER 2ND (NEWSRANGERS)-The Department of State Services (DSS) has arrested Kingsley Obiora, deputy governor of the Central Bank of Nigeria (CBN) in charge of economic policy. According to reports, his arrest followed allegations of financial mismanagement under Godwin Emefiele, suspended CBN governor. Reports said Obiora was being targeted as a principal witness against Emefiele,…
LAGOS AUGUST 18TH (NEWSRANGERS)-A Nigerian court in the capital Abuja adjourned a hearing on Thursday for suspended central bank governor Godwin Emefiele, who is facing a 20-count fraud charge, due to the absence of a second defendant on the case, a government lawyer said. The matter was adjourned to Aug 23 after a co-defendant on…
LAGOS AUGUST 15TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has concluded plans to stem the continuous slide of the naira against the dollar. Top of these plans is to flood the market with dollars, it was learnt yesterday. A CBN board member, who spoke to our correspondent under anonymity, said: “At this point, the bank…
LAGOS AUGUST 15TH (NEWSRANGERS)-Nigerian prosecutors filed a 20-count indictment against suspended and detained central bank governor Godwin Emefiele on Tuesday, one of them accusing him of “conferring unlawful advantages”, a government lawyer said. President Bola Tinubu, who is embarking on the boldest reforms in Africa’s biggest economy in more than a decade, has launched a…