DSS arrests CBN Deputy Governor, Kingsley Obiora


The Deputy Governor of the Central Bank of Nigeria in charge of economic policy, Kingsley Obiora, has been reportedly arrested by the Department of State Services.

Uba Group

The CBN Deputy Governor has allegedly spent four nights in the custody of the DSS.

It was gathered that the secret police are looking into allegations of financial mismanagement under Godwin Emefiele, the suspended apex bank governor.

A source familiar with the arrest said Obiora was being targeted as a principal witness against his boss.

Another top CBN official, Abbas Masanawa, was arrested recently and held in custody as officials seek to determine the steepness of Emefiele’s alleged corruption.

Top CBN officials said Obiora’s arrest was not entirely unexpected given his knowledge of CBN’s policy decisions.

Obiora, born March 6, 1976, was a policy chief at the International Monetary Fund and advised former Finance Minister, Ngozi Okonjo-Iweala.

He was also an adviser to Emefiele until March 2, 2020, when he was confirmed to his current position as one of CBN’s four deputy governors.

Emefiele who was first appointed as CBN governor in June 2014, has been in DSS custody since June 10, 2023, a day after he was removed from office by President Bola Tinubu.