CBN Refutes Claims It's Directors Were Arrested

CBN's Mr. Isaac Okoroafor

The Central Bank of Nigeria (CBN) has tagged, as concoctions, the rumors making the rounds in some media houses last night that two of the apex bank’s directors had been arrested for forex manipulation.

According to the Punch, ‘impeccable [but unnamed] sources’ at the Economic and Financial Crimes Commission (EFCC) had confirmed the arrest of two CBN directors for forex manipulation. According to the report, these sources claimed that the release of the new forex policy of the CBN coincided with the commencement of investigations of these directors.

However, CBN’s Acting Director, Corporate Communications Department, Mr. Isaac Okoroafor, maintained that no director of the apex bank had been arrested by the EFCC. “This is not true. No director of the bank (CBN) has been arrested by the EFCC. The current activities of the CBN in the forex market is a result of months of study, monitoring and planning to tackle the activities of black marketers.

“We are succeeding and Nigerians are happy with us. No amount of false rumours and concoctions to ridicule and sabotage the success we have achieved will make us lose our focus at this time.” The director said.

The EFCC, however, is yet to release an official statement on the veracity or otherwise of the rumored arrests.