CBN denies arrest of Deputy Governor by EFCC

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The Central Bank of Nigeria (CBN) said its attention had been drawn to a newspaper report alleging that one of its Deputy Governors, Mr. Bayo Adelabu, was arrested and made to forfeit some amount of money to the Economic and Financial Crimes Commission (EFCC).

The CBN in a statement by its acting Director, Corporate Communications, Isaac Okorafor, yesterday dismissed the report as falsehood.

“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.

“The Bank and its officials will not be distracted from the onerous task of ensuring stability in the financial system, and indeed the economy, at this critical time.

“However, such person(s) bent on disparaging the Bank and its officials should note that legal options would be explored to protect its reputation from being tarnished in any manner.

“We therefore implore members of the media to always exercise caution and endeavour to verify their stories before rushing to the press,” he stated.

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