The Economic and Financial Crimes Commission has arrested two directors of the Central Bank of Nigeria for alleged forex manipulation and economic sabotage.

Impeccable sources at the EFCC told one of our correspondents on Wednesday that the directors were still in custody as of press time at 7.30pm.

It was learnt that the investigation into the CBN officials activities sent shockwaves round the apex bank.

The detective said the houses of the directors had been searched while incriminating evidence had been recovered.

A source at the EFCC, who wished to remain anonymous said, “We have arrested two directors of the CBN in connection with forex manipulation. We believe that it was the activities of these individuals that contributed to the dollar scarcity and the weakening of the naira.

“Ironically, immediately we started investigating these chaps a month ago, the CBN reeled out a new forex policy which sought to flood the market with excess dollar and strengthen the naira.

“Already, we have searched their houses and recovered some sensitive documents. We have reason to believe that they may not have acted alone. We expect to make more discoveries as investigations continue.”

When contacted, the Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okoroafor, said no director of the apex bank had been arrested by the EFCC.

He said, “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.”

Meanwhile, the EFCC has dispatched letters to several aides and persons linked to Senate President Bukola Saraki for their alleged role in the N19bn illegally deducted from the N522bn Paris Club refund.

About N3.5bn out of the stolen N19bn was said to have been traced to Saraki and several persons close to him, an EFCC report had said.

A top source at the EFCC told one of our correspondents that letters had been dispatched to the indicted persons and some were billed to report at the EFCC office on Thursday (today).

A detective said, “I can confirm to you that letters have been dispatched to aides to the Senate President. Some will appear on Thursday (today) while others will appear on subsequent days depending on the outcome and pace of investigations.”

Some of the persons invited by the anti-graft agency included Saraki’s Deputy Chief of Staff and a former lawmaker, Gbenga Makanjuola; Obiora Amobi and Oladapo Joseph.

Source: PUNCH