CBN Denies Arrest of Deputy Governor

Nigerian Central Bank, Abuja, Nigeria.

The Central Bank of Nigeria on Thursday denied that one of its directors had been arrested by the Economic and Financial Crimes Commission, EFCC.

A statement issued by Isaac Okorafor, CBN’s acting Director, Corporate Communications, said that the report had no merit and urged members of the public to disregard it.

An earlier report had claimed that the Deputy Governor, Operations Directorate, Adebayo Adelabu, was arrested by the EFCC in Abuja.

The EFCC operatives, acting on a tip-off, were said to have found dollar equivalent of N200 million with Mr. Adelabu.

But the CBN said the report was untrue.

“We wish to state categorically that there is no iota of truth in the said report and it is, without doubt, a mere figment of the writer’s imagination,” Mr. Okorafor said in the statement.

The EFCC operatives were said to have acted on a tip-off.

The report which had not been officially verified said that EFCC operatives stormed the room, apprehended the CBN official, handcuffed him and whisked him away to their Maitama office in Abuja.