It was not immediately clear why President Bola Tinubu approved the detention of Mr Masanawa without first suspending him from office.
Mr Shaibu said that the announcement was a mere banana peel, a ruse to force the naira to appreciate at the parallel market.
The government’s move appeared calculated at not complying with a federal court order that already released Godwin Emefiele from custody based on illegal gun possession charges.
Mr Tinubu said the ousted CBN governor oversaw a “rotten financial system” in which a few persons made “bags of money.”
He criticised the uncivil and condemnable actions of the SSS, which he deemed detrimental to the accountability process.
The NBA president, Yakubu Maikyau (SAN), has consequently called for disciplinary measures against officers involved in the shameful act.
This is the first interest rate meeting and decision by the CBN since President Bola Tinubu took over on May 29.
He had pleaded not guilty to the charge and was granted bail in the sum of N20 million with one surety in like sum.
The State Security Service charged Mr Emefiele on two counts bordering on alleged possession of firearms.
Referring to the electorate, the lawmaker said, “They know they were not electing a magician. And nobody promised a magical solution.”
