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Former CBN Governor Charles Soludo Arrested by EFCC over role in Bank Notes Scam

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The former Governor of Central Bank of Nigeria, Professor Charles Soludo, was on Thursday arrested by the Economic and Financial Crimes Commission. According to Punch, he was arrested over his role in the Australian polymer banknotes N750 million ($5 million US Dollars) bribery scam which occurred between 2006 and 2008 when he was in office.

He arrived the EFCC Headquarters about 2pm from his Abuja residence and immediately faced a team of operatives who quizzed him for several hours to ascertain his level of complicity in the scandal.

As at 8pm yesterday, he was still at the EFCC headquarters and it was not clear whether he would be remanded at the EFCC detention.

It was learnt that the decision to look into the polymer deal was followed a petition by Human and Environmental Development Agenda. The Chairman of HEDA, Olanrewaju Suraju, said the group’s petition had demanded the investigation and possible prosecution of those involved in the alleged contract scam.

The petition had demanded that both the EFCC and the Independent Corrupt Practices and other Related Offences Commission pursue the investigation and prosecution as provided by laws establishing both anti-graft agencies.

Adeola Adeyemo is a graduate of Industrial Relations and Personnel Management from University of Lagos. However, her passion is writing and she worked as a reporter with NEXT Newspaper. She believes that anything can be written about; anything can be a story depending on the angle it is seen from and the writer's imagination. When she is not writing news or feature articles, she slips into her fantasies and creates interesting fiction pieces. She blogs at www.deolascope.blogspot.com

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