There are reports that the Economic and Financial Crimes Commission has arrested two directors of the Central Bank of Nigeria for alleged forex manipulation and economic sabotage.
In a report by Punch Newspaper, alleged sources at the EFCC made the revelation on Wednesday, March 29, 2017.
It was further reported that the directors were in custody as at 7.30pm on Wednesday evening.
The source also reportedly revealed that the houses of the directors had been searched and detectives allegedly recovered incriminating evidence.
“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,” the EFCC source was quoted.
Continue, the source was further quoted as saying: “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.”
The President Muhammadu Buhari led administration has been battling to get out of recession, a state which weakened the Nigerian currency, Naira.
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