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DSS releases CBN Deputy Gov Kingsley Obiora from detention

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The Central Bank of Nigeria (CBN) Deputy Governor Kingsley Obiora is back home after his release from the custody of the Department of State Services (DSS).

He was taken into custody to assist the agency in its ongoing investigation of the tenure of the suspended governor of the apex bank, Mr, Godwin Emefiele.

Obiora is in charge of Economic Policy in the bank.

A CBN source who confirmed the DG’s release said it was a relief for many officials of the bank who were gripped by fear over the detention.

The CBN official said the Jim Obaze-led Special Investigations Panel had “requested several documents from many departments as part of its investigation to unravel what transpired in the CBN under Emefiele.”

He also said the Special Investigation Panel had written to and requested documents from the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) and the NIRSAL Microfinance Bank (NMFB).

Officials of NIRSAL Plc and NMFB are said to be scrambling to provide all the documents required of them. In fact, NMFB has in recent times ramped up its drive to recover the COVID-19 Targeted Credit Facility (TCF) disbursed to indigent households.

In response to the arrest and prosecution of Emefiele on allegations of financial misconduct in late July, President Bola Tinubu appointed a special panel led by Jim Obazee to investigate the CBN.

As part of this ongoing audit, the panel has been questioning the deputy governors of the CBN and other senior officials of the bank.

The CBN source said that “Obiora, like the other Deputy Governors, has faced intense questioning from the panel prior to his detention

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