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CBN Deputy Governor, Adebayo Adelabu Not Arrested

Central Bank of Nigeria (CBN) has denied that its Deputy Governor for Operations Directorate, Adebayo Adelabu had been arrested by the Economic and Financial Crimes Commission (EFCC).

The media has been awash of reports that Adebayo Adelabu was said to have been arrested in a Transcorp Hilton Hotel room in Abuja with the dollar equivalent of N200 million by operatives of the EFCC acting on a tip-off.

The report has it that the EFCC operatives stormed the room, apprehended the CBN deputy governor, handcuffed him and whisked him away to their Maitama office in Abuja.

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However, Mr Isaac Okorafor, CBN’s acting Director of Corporate Communications said: “The attention of the CBN has been drawn to a report alleging that one of its deputy governors has been arrested and made to forfeit some amount of money to the EFCC.”

“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.”

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“However, such persons 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 endeavor to verify their stories before rushing to the press.”