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Reading: DSS ordeal: ‘Emefiele brought this all on himself, says Financial Analyst’
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DSS ordeal: ‘Emefiele brought this all on himself, says Financial Analyst’

Osondu Nwachukwu
Last updated: 2023/07/26 at 7:14 PM
Osondu Nwachukwu
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2 Min Read
DSS ordeal: Emefiele brought this all on himself, says Financial Analyst
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Kalu Aja, a financial analyst, has declared that the current ordeal of Godwin Emefiele is a result of his own doing.

Emefiele, the suspended Central Bank of Nigeria (CBN) governor, is currently in the Department of State Security (DSS) custody.

Despite a court order granting him bail, the DSS has failed to release him, sparking outrage across the country. 

Aja says Emefiele’s ordeal started when he made attempts to contest for the presidency, despite being a sitting CBN governor.

His words:

”Emefiele brought this all on himself. Don’t blame politicians for wasteful spending; it’s their default setting. Emefiele, however, was protected by law, but he not only broke the law that protected him but actually ran for office.

”Yes, he has been dumped, but he gambled the Office of the Central Bank Governor for political favour and lost. Today, he is dressed like a priest with the holy book. A teachable moment, not to mock but to learn. 

”There are mini-Emefieles lurking, waiting, seeking who to devour for vain glory. God help us all not to be too tempted.”

Aja, however, noted that the ongoing trial of the former CBN governor is a farce.

”The objective is to run out the tenure clock on Emefiele because, legally, the president can’t remove and replace him before his term is up,” he said.

He said the DSS actions are meant to impress the international financial community.

He added:

”Emefiele is not an independent Central Bank Governor but a politically exposed person. 

”If Emefiele remained within the confines of the CBN Act and got arrested, Nigeria would have been blacklisted from the credit markets.”

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Posted by Osondu Nwachukwu
Osodu Nwachukwu is a journalist with nearly a decade of experience in the field. He began his career as a reporter for an evening newspaper before moving on to cover regional news for a larger publication. During his time there, he covered a wide range of stories including the 2015 and 2019 presidential elections. Osondu is a graduate of the Nigerian Institute of Journalism and holds a Post Graduate Diploma from the International Institute of Journalism. In his free time, he enjoys volunteering with organizations that support people with disabilities. Contact: Osondu.Nwachukwu [at] news.ng
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