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



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


  1. Nwachukwu John

    January 11, 2013 at 6:28 am

    Let him there 4 proper investigation.

  2. Timma

    January 11, 2013 at 6:52 am

    Hmmm!!Slowly but surely,all responsible for d sorry state of our country will be brought to book!

  3. vanessa

    January 11, 2013 at 8:38 am

    is it compulsory that anyone who holds power must steal

  4. Kenny

    January 11, 2013 at 9:29 am

    Hardly u find any sane leader in Nigeria, what a shame

  5. phantom

    January 11, 2013 at 9:46 am

    We Nigerians are a funny lot: we claim to detest corruption while we embrace its rewards with the other hand. Very soon, this page will overun with comments condemning this supposed act of bribery, forgetting they are the same ones who will oooh and ahhhh when Bella shows pictures of splendid weddings procured with the loot.

    Until we learn to say NO to corruption in all its forms, we are not going to make any headway. its that simple.

  6. Chibuike Johnpaul

    January 11, 2013 at 10:09 am

    Hope this is not another plot to grind hiw politically.Nawa for this country called Nigeria.Just full of corruption.

  7. ola

    January 11, 2013 at 10:13 am

    great people great nation,after sanusi term something like this will come out later in future…


    January 11, 2013 at 11:47 am


  9. Benson

    January 11, 2013 at 12:08 pm

    No one is clean except God.God will judge everyone.

  10. edwin

    January 11, 2013 at 12:31 pm

    we need total revolution or in next 1000yrs one of our presidents will sell dis country 2geda wit d pipl in it we need a new party fuk pdp we need gods government


    January 13, 2013 at 11:31 am

    make proper investigatn n purnish him accordingly if eventually found guilty.

  12. Esohe

    January 14, 2013 at 7:54 am

    We have com a long way. We nid 2 go bck 2 where we r coming frm to start afresh. So, unhappy whn i hear every Nigerian news filled with corrupt practices.

  13. niyi tinubu

    January 26, 2014 at 8:38 am

    We have to work together so that will would be able to tackle all lost and rebuilt a newly NIGERIA.

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