CBN Deputy Governor, Kingsley Obiora, arrested

Obiora was a policy chief at the International Monetary Fund (IMF) and advised former finance minister, Ngozi Okonjo-Iweala, and Emefiele until March 2, 2020, when he was confirmed to his current position as one of CBN’s four deputy governors.

By Jeffrey Agbo

The Department of State Services (DSS) has arrested the deputy governor of the Central Bank of Nigeria (CBN) in charge of economic policy, Kingsley Obiora.

His arrest is part of the fallout of investigation into the allegations of financial mismanagement under the suspended CBN governor, Godwin Emefiele.

A source quoted by The Nation said there are other CBN staff members who have been detained but would not reveal their identities.

It is believed that Obiora is needed as a principal witness against Emefiele and was taken into custody at the behest of the Special Investigations Panel set up by President Bola Tinubu to investigate Emefiele’s tenure.

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Obiora was a policy chief at the International Monetary Fund (IMF) and advised former finance minister, Ngozi Okonjo-Iweala, and Emefiele until March 2, 2020, when he was confirmed to his current position as one of CBN’s four deputy governors.

Emefiele has been in the custody of the DSS since June 10, 2023, a day after President Bola Tinubu removed him from office.

Jeffrey Agbo:
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