Saturday, 07 December, 2024

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Nigerian SSS Arrests NIRSAL Boss Masanawa Over Alleged Conspiracy With Suspended CBN Governor Emefiele


The Department of State Services (DSS) has kept mum over the arrest of the Chief Executive of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Abbas Umar Masanawa.

Masanawa was reportedly arrested for his alleged role in the ongoing corruption probe of the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.

Recall that Masanawa was the Managing Director of the Nigeria Security Printing and Minting Company (NSPMC) popularly known as ‘The MINT’ before he was appointed to succeed Abdulhammeed.

The senior banker, who reportedly sought to contest the governorship of Katsina State under the platform of the ruling All Progressives Congress (APC) in 2022 was a close ally of Emefiele.

He was the executive director in charge of finance and strategy of the same company before he was recommended to head the company by the suspended apex bank governor.

But spokesman of the agency, Peter Afunanya, did not respond to enquiries on the development.

Credit: The Nigeria Lawyer

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