BREAKING: Emefiele: Real Reason NISRAL Boss Was Arrested By DSS – Report

Abbas Masanawa, the chief executive officer of Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, NIRSAL, has been arrested by the Department of State Services (DSS)….CONTINUE READING

Reports have it that Masanawa was arrested on Friday in connection with the ongoing corruption probe of suspended CBN chief Godwin Emefiele.

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Emefiele has been in custody of the DSS for three weeks.

As at time of filing report, spokesman for NIRSAL did not immediately return a request for comments.

According to Peoples Gazzette Masanawa’s arrest is allegedly linked to activities recorded during his tenure as the managing director of Nigerian Security Printing and Minting Company (NSPMC).

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He reportedly resigned from NSPMC after it was reported that he was seeking a governorship election as a member of the ruling All Progressives Congress while still in office as the nation’s printing and minting boss.

The NSPMC is a subsidiary of the Central Bank of Nigeria (CBN) responsible for printing and minting the nation’s currency notes, coins and high-level security documents....CONTINUE READING

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Mr Emefiele was fired as CBN governor on June 9 and was arrested the next day by the SSS, which has kept him in custody ever since, in defiance of federal court orders.