In a report by Punch Newspaper, the apex bank denied the allegation after an enquiry was made on the alleged arrest.

The acting Director, Corporate Communications Department, CBN, Isaac Okoroafor, reportedly said no director of the apex bank had been arrested by the EFCC.

“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," he was quoted as saying.

Continuing, Okoroafor said: “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.”

It was earlier reported that the Economic and Financial Crimes Commission has arrested two directorsof the Central Bank of Nigeria for alleged forex manipulation and economic sabotage.