Friday, January 11, 2013

Ex-CBN Governor Soludo in EFCC's Net

Operatives of the Economic and Financial Crimes Commission, EFCC, yesterday afternoon quizzed the immediate past governor of the Central Bank of Nigeria, CBN, Prof. Chukwuma Soludo, over his alleged involvement in the Australian polymer million-dollar banknotes bribery scandal.
The alleged scandal blew open in 2009 when an Australian newspaper, 'The Age', reported that an Australian firm that manufactures polymer used in banknotes in 28 countries, Securency International, paid millions of dollars bribes to secure polymer note printing contracts in some countries, including Nigeria.
It was further alleged that N750million was paid to bribe Nigerian officials.
The contracts in question were awarded during Soludo's tenure as the CBN governor.
Soludo, who is being quizzed by the EFCC operatives as at press time, was said to be cooperating with the operatives over his alleged involvement in the matter.
A dependable source at the EFCC confirmed the development. He also confided in LEADERSHIP that some former and serving officials of the CBN have also been arrested over the issue.
The source said, "I can confirm to you that Soludo is now with us. He was arrested this afternoon and he is still with us. He is being quizzed over his activities while in office. I can also tell you that some other officials of the CBN are being quizzed over their actions."
When asked whether the questioning also covers the alleged Polymer notes bribery scandal, the source replied that he could not give details at this stage, saying that the details over Soludo's interrogation would soon be made public.
The Australian newspaper had further reported that Securency International, a subsidiary of the Reserve Bank of Australia, RBA, paid millions of dollars into the offshore bank accounts of two British-based businessmen for onward transfer to some top Nigerian government functionaries and CBN officials to win the 2006 polymer printing contract.
Securency was said to have supplied 1.9 billion banknotes to the CBN between 2006 and 2008. But the bribe payments for the contract were reportedly deposited in the Seychelles and the Bahamas, listed by the Australian Tax Office as tax havens known for their secretive banking arrangements.

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