{"id":78327,"date":"2022-12-20T16:21:13","date_gmt":"2022-12-20T15:21:13","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/concerns-over-dollar-naira-rate-as-dss-probe-cbn-chief-emefiele"},"modified":"2022-12-20T17:50:11","modified_gmt":"2022-12-20T16:50:11","slug":"concerns-over-dollar-naira-rate-as-dss-probe-cbn-chief-emefiele","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/concerns-over-dollar-naira-rate-as-dss-probe-cbn-chief-emefiele","title":{"rendered":"Concerns over dollar-naira rate as DSS probe CBN chief Emefiele"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The move by the Department of State Services (DSS) to arrest Central Bank of Nigeria (CBN) Governor, Godwin Emefiele may cause a further slip of the naira against the dollar.<\/p>\n

In the suit, FHC\/ABJ\/CS\/2255\/2022, the security agency asked the Federal High Court in Abuja permission to take Emefiele into custody.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Since the news broke, Nigerians have been raising their concern about the fate of the naira, which is recovering from a recent free fall.<\/p>\n

Though the current dollar-to-naira rate is about N745 on the black market, it nearly hit N900 sometime between October and November.<\/p>\n

Individuals and business owners are now contacting Bureau De Change operators to get information on what to expect in the coming days.<\/p>\n

Sanni, an operator in Abuja, told DAILY POST that customers called him on Monday to purchase dollars due to uncertainty over Emefiele\u2019s case.<\/p>\n

Some social media users have also voiced fear about the naira weakening more due to a loss of confidence.<\/p>\n

\u201cWithout recourse to the fact before the court, the presiding judge did a good job by denying the application of DSS to arrest Emefiele.<\/p>\n

\u201cThe consequences of his arrest will be extremely grave on our economy, particularly the value of our currency, naira\u201d, @skelly16th wrote.<\/p>\n

It is unknown if the DSS will return to the court with another application and evidence that will convince the judge to approve Emefiele\u2019s arrest, a major topic of debate.<\/p>\n

The Public Relations Officer, Peter Afunanya, is yet to reply to a text enquiry on the agency\u2019s next line of action.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The move by the Department of State Services (DSS) to arrest Central Bank of Nigeria (CBN) Governor, Godwin Emefiele may cause a further slip of the naira against the dollar. In the suit, FHC\/ABJ\/CS\/2255\/2022, the security agency asked the Federal High Court in Abuja permission to take Emefiele into custody. Justice John […]<\/p>\n","protected":false},"author":84,"featured_media":78326,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,503,119,653,254],"class_list":["post-78327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-cbn","tag-dss","tag-emefiele","tag-nigeria"],"yoast_head":"\nConcerns over dollar-naira rate as DSS probe CBN chief Emefiele - Nigeria<\/title>\n<meta name=\"description\" content=\"The move by the Department of State Services (DSS) to arrest Central Bank of Nigeria (CBN) Governor, Godwin Emefiele may ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/concerns-over-dollar-naira-rate-as-dss-probe-cbn-chief-emefiele\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Concerns over dollar-naira rate as DSS probe CBN chief Emefiele\" \/>\n<meta property=\"og:description\" content=\"The move by the Department of State Services (DSS) to arrest Central Bank of Nigeria (CBN) Governor, Godwin Emefiele may ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/concerns-over-dollar-naira-rate-as-dss-probe-cbn-chief-emefiele\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-20T15:21:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-20T16:50:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/12\/postQueueImg_1671540681.30.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1296\" \/>\n\t<meta property=\"og:image:height\" content=\"913\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/concerns-over-dollar-naira-rate-as-dss-probe-cbn-chief-emefiele#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/concerns-over-dollar-naira-rate-as-dss-probe-cbn-chief-emefiele\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Concerns over dollar-naira rate as DSS probe CBN chief Emefiele\",\"datePublished\":\"2022-12-20T15:21:13+00:00\",\"dateModified\":\"2022-12-20T16:50:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/concerns-over-dollar-naira-rate-as-dss-probe-cbn-chief-emefiele\"},\"wordCount\":336,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/concerns-over-dollar-naira-rate-as-dss-probe-cbn-chief-emefiele#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/12\/postQueueImg_1671540681.30.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"CBN\",\"DSS\",\"Emefiele\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/concerns-over-dollar-naira-rate-as-dss-probe-cbn-chief-emefiele#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/concerns-over-dollar-naira-rate-as-dss-probe-cbn-chief-emefiele\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/concerns-over-dollar-naira-rate-as-dss-probe-cbn-chief-emefiele\",\"name\":\"Concerns over dollar-naira rate as DSS probe CBN chief Emefiele - 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